While the focus of the Federal Reserve has been on lowering inflation to its "self-created" inflation rate of 2%, little has been publicized about the consequences facing both businesses and consumers as a result of the increased borrowing rates of interest.

FORT LAUDERDALE, Fla., July 11, 2023 – Tripp Scott announced today that Paul Lopez, COO of the law firm, and Jennifer Wahba, associate, were named receivers for Royal Bengal Logistics by Judge Raag Singhal of the United States District Court for the Southern District of Florida (the Federal Court). In addition, the firm, and Charles Tatelbaum, a director with the firm were named counsel to the Receivers.

The media has recently been replete with both stories and prognostications concerning the mushrooming number of commercial lease defaults as a result of the post-pandemic shift in the work and retail environment.

On April 13, 2023, Florida’s Governor Ron DeSantis signed into law Florida SB 360, which, among, other things, shortens the statute-of-repose period for commencing an action based on the design, planning, or construction of improvements to real property. See ch. 2023-22, Laws of Fla. (2023).

Tripp Scott, P.A. is pleased to announce that the shareholders of A-1 Global Holdings, Inc. have sold an interest in the company to an Employee Stock Ownership Plan, the A-1 Global Holdings ESOP Plan and Trust (A-1 ESOP). Acting as the Shareholders' and the Company’s legal counsel, Tripp Scott, P.A. assisted with the sale and related financing.

The Biden administration is reversing a business-friendly Trump administration rule on independent contractors. Some 55,000 comments on the proposed change have been logged.

Tripp Scott, announced a unique partnership with Scott Rasmussen to launch the state’s first ever Florida Freedom Index. The Florida Freedom Index is a quarterly review of the personal, economic and educational freedoms in the sunshine state compared to other states around the nation.

The "Inflation Reduction Act," H.R. 5376, (the "Act") was signed into law on August 16, 2022.