It started out as a good deed, turned into a two-year battle and resulted in a happy accident for this Arizona couple. Lack of business acumen of the opposing party, no documentation, poor accounting, differing legal systems and language barriers made this a difficult matter to resolve. DeAngelis Legal worked with the client’s US accountants and tax advisors, the client’s foreign lawyers and accountants and opposing counsel to reach a global resolution without litigation. The agreement resulted in the operators surrendering possession of the real property and our clients becoming the sole owners of two foreign entities holding a bed and breakfast and a foreign residence. Hopefully the clients will have many years of joy in the beautiful residence (and call us before they pursue their next good deed).
By Quinn DeAngelis|2024-10-09T22:22:38-07:00October 15th, 2024|Real Estate, Recent Projects, Mergers & Acquisitions, Business Services, Homepage|Comments Off on September Real Estate Acquisition