In an appeal stemming from disputed ownership of a British Virgin Islands corporation that holds Florida real estate worth millions of dollars, the firm obtained reversal of an order compelling arbitration. Before the appeal, the BVI corporation had successfully intervened in the trial court—contending that an arbitration provision in its articles controlled the procedure for deciding who owns its shares. In a victory for the firm’s client, the appellate court held that the corporation had no interest in who owns it and, thus, no dispute with any shareholder over governance of the entity.
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Malek v. Malek, 346 So. 3d 179 (Fla. 3d DCA 2022)
In an appeal stemming from disputed ownership of a British Virgin Islands corporation that holds Florida real estate worth millions of dollars, the firm obtained reversal of an order compelling arbitration. Before the appeal, the BVI corporation had successfully intervened in the trial court—contending that an arbitration provision in its articles controlled the procedure for deciding who owns its shares. In a victory for the firm’s client, the appellate court held that the corporation had no interest in who owns it and, thus, no dispute with any shareholder over governance of the entity.