Bernard E. Nodzon, Jr., Richard A. Forschler, Thomas C. Freeman, Sonnie A. Elliott, David H. Johnson, Emily J. Nachtigal and Donovan M. Hurd | Faegre Baker Daniels | June 22, 2017 Condominium construction in Minnesota has dramatically slowed since its peak from 2003 through 2006. Most developers have elected to build apartments instead of condominiums.… Continue reading Minnesota Legislature Modifies its Condominium Construction Defect Law
Month: June 2017
New Requirements Under MCIOA: Preventative Maintenance Plans and Construction Defect Claims
Michael D. Klemm | Hellmuth Johnson PLLC | June 6, 2017 Important changes to Minnesota law were recently made that will affect real estate developers, builders, associations and unit owners. Minnesota Statutes Chapter 515B, the Minnesota Common Interest Ownership Act (“MCIOA”), was amended to establish new requirements regarding preventative maintenance plans and construction defect claims… Continue reading New Requirements Under MCIOA: Preventative Maintenance Plans and Construction Defect Claims
Amendment Adds Clarity to Florida’s Construction Statutes of Limitations and Repose
Timothy N. Bench | Rumberger Kirk & Caldwell | June 20, 2017 On June 14, 2017, Florida’s Governor signed into law House Bill 377, which seeks to provide clarity to when Florida’s construction statutes of limitations and repose begin to run. The existing version of the statute, § 95.11(3)(c), Florida Statutes, provides that both the… Continue reading Amendment Adds Clarity to Florida’s Construction Statutes of Limitations and Repose
Risk is More Than Just a Board Game: A Guide to Performance Bonds
Brian L. Lynch | Faegre Baker Daniels | June 21, 2017 Although other forms of security are possible to secure performance of a construction contract, corporate surety performance bonds remain the construction contract guarantee of choice for owners in both public and private projects. The performance bond is generally meant to protect the named obligee… Continue reading Risk is More Than Just a Board Game: A Guide to Performance Bonds
Texas Supreme Court Rules on Discoverability of an Insurer’s Attorney’s Fee Bills
Karl A. Schulz | Property Insurance Law Observer | June 13, 2017 Are an insurer’s attorney’s fee bills discoverable in first party claims? In In re Nat’l Lloyds Ins. Co., 2017 Tex. LEXIS 522 (Tex. 2017), the Texas Supreme Court considered this question in a hail MDL dispute and answered “No” in a lengthy opinion. The… Continue reading Texas Supreme Court Rules on Discoverability of an Insurer’s Attorney’s Fee Bills