Versace Mansion Owners Aim To Void Lease Ahead Of Auction

Law360, New York (September 09, 2013, 5:42 PM ET) -- The bankrupt owners of the famed Versace mansion in Miami Beach urged a Florida bankruptcy judge Monday to terminate their lease with restaurant tenant Barton G at the Ocean Drive property after prospective bidders expressed concern that the lease may bind the purchaser.

The property is set to be sold at a Sept. 17 auction, but the debtor, Casa Casuarina LLC, hopes to obtain a declaration that Barton G has no possessory rights to the property before that date.

“Such an order will provide [peace] of...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers