Corporate Restructuring and Bankruptcy
In this Special Report: "Using Article 3-A to Protect Payment Rights in a Construction Bankruptcy," "Limitations on Adjudicating Disputes Involving Medicare Provider Agreements," "Fee Defense Litigation: Clarifying the Reach of 'Asarco'," "Blockchain: The Key to True Cybersecurity?," "Deal Breakers: The Importance of Privacy and Security Due Diligence in Transactions," "New DFS Cybersecurity Regulations Are Here: Will Your Insurance Protect You?" and "Is Your Discovery Process Setting You Up for a Data Breach?"
June 12, 2017 at 09:34 AM
2 minute read
Elizabeth Aboulafia of Cullen and Dykman writes: When general contractors who perform work on construction projects subject to the New York Lien Law file for bankruptcy protection, subcontractors and suppliers that take advantage of the provisions of Article 3-A of the New York Lien Law can maximize recoveries on their claims against the debtor/contractor and utilize the tools available through the bankruptcy process to obtain greater negotiating leverage and oversight over the debtor/contractor's operations.
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