October 2009 Developments - 59

Int rna ona Internatiiona Law Internationall Law Regulation of Timeshare (cont) the field and, if necessary, revise their contracts and business practices as needed to comply with the laws and regulations currently in effect in Mexico. The same is applicable to fractional interest product developers, owners, and operators (and their attorneys), who need to be cognizant of the legal framework applicable to fractional interest products and the regulatory differences between timeshare and fractional products. In addition, Timeshare Entities should receive constant and knowledgeable legal and tax advice that would enable them to take full advantage of any opportunity created by U.S. and Mexican legislators in their efforts to modernize the law and create a statutory and regulatory framework that meets the demands of the modern business world, while also protecting individual purchasers and stimulating the economy. D The authors all work for Ballard Spahr LLP’s Resort and Hotel Group in Los Angeles. Letvia M. Arza-Goderich is of counsel, and her e-mail is arzagoderichl@ballardspahr.com. Mauricio Leon de la Barra is an associate, and his e-mail is leondelabarram@ ballardspahr.com. Scott A. Preston is a partner, and his e-mail is prestons@ ballardspahr.com. Construction Design Construction & Design Substantial Completion— (cont) doing punch list work. Many owners do away with the concept of Substantial Completion entirely in their contracts. Owners and contractors can negotiate the weight, if any, to be given to any date of Substantial Completion, regardless of how determined (or by whom it is determined). There are myriad solutions (many that are acceptable to both the contractor and owner) to determine the expectations and standards for Substantial Completion. The most important step is to set those standards at the beginning of a project— not to fight about its meaning at the end. D Gregory K. Smith, Esq., is an attorney with King & Spalding and serves on the Legal Taskforce of the ARDA Construction & Design Committee. His e-mail is gksmith@kslaw.com. 40th Anniversary 40th Anniversary Anniversary Humble Beginnings (cont) challenge of devising a way to recoup the money he needed to spend on renovations. After someone mentioned the concept of timeshare, he attended a conference in Miami and was introduced to RCI and II, which then led to the hotel’s conversion to a timeshare resort in the mid-1970s. As the above examples demonstrate, the road into the industry is not always a conscious choice or even one that is considered while obtaining an education. However, no matter which path taken, all of the leaders and professionals have thoroughly enjoyed their career and could not imagine themselves in any other industry. D Anna Chongpinitchai, ARP, is the AIF education manager. Her e-mail is achong@arda.org. Endnotes 1 2 3 Federal Law of Consumer Protection, Article 64. Article 10. See for example, Articles 1964, 1965 and 1966 of the Civil Code of Quintana Roo (and thus applicable in Cancun, Cozumel, and the Riviera Maya), and Articles 926, 927, and 928 of the Civil Code of Baja California. October 2009 • Developments

October 2009 Developments

Table of Contents for the Digital Edition of October 2009 Developments

October 2009 Developments - 1
October 2009 Developments - C1
October 2009 Developments - I1
October 2009 Developments - I2
October 2009 Developments - I3
October 2009 Developments - I4
October 2009 Developments - 4
October 2009 Developments - 5
October 2009 Developments - 6
October 2009 Developments - 7
October 2009 Developments - 8
October 2009 Developments - 9
October 2009 Developments - 10
October 2009 Developments - 11
October 2009 Developments - 12
October 2009 Developments - 13
October 2009 Developments - 14
October 2009 Developments - 15
October 2009 Developments - 16
October 2009 Developments - 17
October 2009 Developments - 18
October 2009 Developments - 19
October 2009 Developments - 20
October 2009 Developments - 21
October 2009 Developments - 22
October 2009 Developments - 23
October 2009 Developments - 24
October 2009 Developments - 25
October 2009 Developments - 26
October 2009 Developments - 27
October 2009 Developments - 28
October 2009 Developments - 29
October 2009 Developments - 30
October 2009 Developments - 31
October 2009 Developments - 32
October 2009 Developments - 33
October 2009 Developments - 34
October 2009 Developments - 35
October 2009 Developments - 36
October 2009 Developments - 37
October 2009 Developments - 38
October 2009 Developments - 39
October 2009 Developments - 40
October 2009 Developments - 41
October 2009 Developments - 42
October 2009 Developments - 43
October 2009 Developments - 44
October 2009 Developments - 45
October 2009 Developments - 46
October 2009 Developments - 47
October 2009 Developments - 48
October 2009 Developments - 49
October 2009 Developments - 50
October 2009 Developments - 51
October 2009 Developments - 52
October 2009 Developments - 53
October 2009 Developments - 54
October 2009 Developments - 55
October 2009 Developments - 56
October 2009 Developments - 57
October 2009 Developments - 58
October 2009 Developments - 59
October 2009 Developments - 60
October 2009 Developments - 61
October 2009 Developments - 62
https://www.nxtbookmedia.com