As previously discussed here, LIBOR (the London Inter-Bank Offered Rate) is an interest rate benchmark that is used as a reference rate for a wide range of financial transactions.
Continue Reading The Beginning Of The End of Libor
Parties regularly enter into contracts for the purpose of achieving a desired result. Sometimes there is an absolute requirement to achieve the result; sometimes merely an agreement to try to
Continue Reading Best Efforts, Reasonable Efforts, Commercially Reasonable Efforts: Is Distinguishing Among them Worth the Effort?
Governor Cuomo recently announced the creation of New York’s Green Energy Program aimed at building New York’s green economy. Urging that the program will combat global climate change while stimulating
Continue Reading Cuomo’s Green Energy Program: The Answer To A Cleaner, Greener New York, My Friend, Is Blowin’ In The Wind
On December 15, 2020, Governor Andrew Cuomo signed into law sweeping changes to New York’s General Obligations Law governing powers of attorney (“POA”). The new law is effective on June
Continue Reading Recent Amendments to New York’s Power of Attorney Law
I. Competitive Bidding – The Basics
The purpose of competitive bidding is to create an open and fair environment that encourages transparency and accountability, as well as competition. Local Government
Continue Reading Staying Transparent, While Staying Apart: Public Bidding Best Practices in the COVID-19 Pandemic
With an existing budget shortfall worsened by the pandemic, lawmakers are again pressing to allow mobile sports betting as a means of generating State revenue.
As of today, sports betting
Continue Reading Governor Cuomo Backs Mobile Sports Betting as New Source of Post-COVID Revenue
Purchasing a new home is often one of the biggest moments of a person’s life, whether it is a first home or a “forever home.” Over the past year, restrictions
Continue Reading Purchasing Real Estate During A Pandemic
With New York facing a tremendous budget deficit and business still reeling from the economic shutdown triggered by COVID-19, state and city lawmakers are looking everywhere they can for means
Continue Reading Lawmakers Leave No Stone Unturned in Effort to Generate Post-Covid Revenue
In these times of pandemic, many good people (like essential workers, first responders, and doers of random acts of kindness and charity) continue to help others. Unfortunately, there are those
Continue Reading Rotten Phisherman!
LIBOR (the London Inter-bank Offered Rate) is an interest rate benchmark published by ICE Benchmark Administration Limited that is used as a reference rate for a wide range of financial
Continue Reading LIBOR Floors: Going Up