As we settle into the new “normal”, the body of case law concerning commercial rent defaults during the COVID-19 pandemic continues to grow. This blog discusses just some of those
Continue Reading Can’t Pay Rent Under Your Commercial Lease Because Of COVID-19? New York Courts Don’t Care—Sort Of
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
On October 2, 2020, the Small Business Administration (SBA) issued a long awaited Procedural Notice providing guidance with respect to a change of ownership of businesses that borrowed Paycheck Protection
Continue Reading US Small Business Administration Issues Guidance on Change in Ownership of PPP Loan Borrowers
As you are aware, LIBOR (London Interbank Offered Rate) is due to phase out by the end of 2021. Currently, many companies in the United States use LIBOR as a
Continue Reading Is LIBOR Transition On Track for the End of 2021?
Businesses have been hard hit by the COVID-19 pandemic and resulting “shelter in place” orders issued by state officials. Bankruptcy courts have been flooded with large retailer bankruptcy filings. Since
Continue Reading New York Commercial Landlords and Practitioners: Maybe There is Hope That New York Courts Will Not Void Leases in The COVID-19 Era
On September 18, 2020, Governor Cuomo issued an Executive Order extending the toll “that prohibited the initiation of a proceeding or enforcement of an eviction of any commercial tenant for
Continue Reading Governor Extends Toll On Commercial Evictions Due to Non-Payment
The COVID-19 crisis has placed significant pressure on landlords throughout the State. Governor Cuomo and the Courts have issued various stays of enforcing warrants of eviction preventing landlords from evicting
Continue Reading CDC Extends Covid-19 Stay On Residential Evictions
Many of our clients have asked whether they can commence a commercial foreclosure in New York State at this time.
On March 7, 2020, Governor Cuomo issued Executive Order (“EO”)
Continue Reading New York State’s Rules for Commencement of Commercial Foreclosures During the Covid-19 Pandemic
Long Island business owners and residents are slowly getting used to a new way of life as restrictions on social distancing are relaxed. On June 6, 2020, Governor Cuomo issued
Continue Reading Considerations for Restaurant Operators Offering Outdoor Dining