As we discussed in an article a couple of months ago, LIBOR (the London Inter-Bank Offered Rate), an interest rate benchmark that is used as a reference rate for a
Continue Reading New York Legislation Addressing Discontinuance Of Libor Awaiting Governor’s Signature
The question of which party to a contract writes the first draft is generally understood among attorneys, but can sometimes be a mystery to clients. This article will present a
Continue Reading Commercial Contracts: To Draft or Not to Draft?
Over the last several years, there has been growing concern within the financial and trade regulatory communities about the use of shell companies to evade anti-money laundering laws, economic sanctions,
Continue Reading Peeking Inside The Shell – Who Owns The Company?
On December 28, 2020, New York Governor Andrew Cuomo signed into law the COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020 (the “Act”), which, among other things, implements certain
Continue Reading Covid-19 Emergency Eviction and Foreclosure Prevention Act of 2020
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
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