Disney has recently sidestepped the board appointed by Florida’s government to oversee Disney’s Orlando theme park through a last-minute royal clause. The district was run by Disney for nearly half a century, until Florida officials penalized the firm not abiding by state laws focused on regulating sex education.
The authority of the newly appointed board has been bypassed using restrictive clauses citing King Charles III. In response, the government has begun hiring lawyers to settle the matter.
Disney maintains that all the agreements signed with the District are correct and approved with the consent of both parties in public forums. The now-disputed agreement was signed on 8 February 2023, a day before the senate authorized Governor Ron DeSantis to appoint a board that would oversee Disney’s theme park.
The newly formed Central Florida Tourism Oversight District has claimed that the binding agreement passed by previous boards hands full powers to Disney for the development of the area. According to the document, the agreement is valid for the next 21 years following the death of the last surviving member of King Charles III’s descendants. Such clauses have been included in legal documentation in the UK since the late 17th century.
A board member, Brian Aungst, commented that it is an attempt by Disney to circumvent the will of the voters and the will of the state legislature. The new Board’s chairman, Martin Garcia, has also expressed that their board may have to challenge the agreement in protracted litigation.
Disney expressed its criticism regarding the Parental Rights in Education Act, signed by Mr. DeSantis last April. Supporters have stated that the bill protects children from inappropriate content and has banned instruction on sexual orientation and gender identity for children nine years of age and under. Opponents, on the other hand, are of the view that the bill stigmatizes LGBT youth. The war between Disney and DeSantis has strengthened the governor’s profile as a potential Republican candidate for the 2024 Presidential Elections.
Source Credit: https://www.bbc.com/news/world-us-canada-65120369
Endowed with a post graduate degree in management and finance, Pankaj Singh has been a part of the online content domain for quite a while. Having worked previously as a U.K. insurance underwriter for two years, he now writes articles for fractovia.org and other online portals. He can be contacted at- [email protected] | https://twitter.com/PankajSingh2605
Bayer newly appointed CEO, Bill Anderson, has reportedly unveiled plans to streamline the companys management structure in a bid to expedite decision-making processes. This marks the first step in a broader effort to transform the embattled German company, which has been under pressure from inv... Read More>>
Smurfit Kappa, a prominent player in the packaging industry, is reportedly engaged in merger discussions with its US counterpart, WestRock. This prospective merger has the potential to create a cardboard box-making powerhouse boasting a market value approaching $19 billion (€17.8 billion). Furt... Read More>>
The Royal Bank of Canada is reportedly planning to reduce its workforce by approximately 1,800 jobs as part of cost-cutting measures, on account of the anticipated upcoming economic landscape. This decision comes after the country's largest bank surpassed analysts' predictions for the third ... Read More>>