Category:
Save this article >
The Litigation Committee Or, Why You Shouldn’t Have All Owners Vote On A Settlement Proposal
Author:
David Cumming
Publication date:
March 23, 2022
Article Summary:
Having all owners vote on a settlement proposal in condominium litigation may not be the best approach. Deciding on a settlement offer requires considering various factors, legal concepts, and risks, which may be difficult to convey to a large group of owners. Instead, it is recommended to appoint a small litigation committee of three members with unfettered discretion to make decisions on the litigation. This committee can focus on the legal issues and make informed decisions. The ownership should still be apprised of the litigation's status through status reports and updates at annual general meetings, but major decisions should be handled by the litigation committee.
Keywords:
CCI Review, Condominium System, Litigation Committee, Settlement Proposal, Condominium Corporation, Litigation, Board of Directors, Building Deficiencies, Legal Issues, Decision Making, Status Reports, Annual General Meetings.
Source Citation:
David Cumming
The Litigation Committee Or, Why You Shouldn’t Have All Owners Vote On A Settlement Proposal
March 23, 2022
Did you find this article useful?
Your feedback is important not only to us, but to all the other key players in the condo industry. Help us by letting us know if this article is relevant and useful. This will help us prioritize articles that provide helpful guidance to other key players like you.
Please login to use this feature.