By Libin Zhang | June 21, 2019
On April 12, 2019, New York Governor Andrew Cuomo signed New York's 2019-2020 budget into law. One section of the new law will increase the transfer tax rates that apply to real estate transactions in New York City. The new transfer tax rates are effective for property transfers on or after July 1, 2019.
By Adrienne B. Koch | June 21, 2019
The choice of forum is a weighty decision that should be very carefully considered. In some cases, it may make a real difference.
New York Law Journal | Analysis
By Angela Turturro | June 10, 2019
In this Special Report: "Something to Remember: The Flexibility of Chapter 11 in Retail Situations," "The Curious Case of Extraterritoriality and Fraudulent Transfer Under the Bankruptcy Code," "Buyers vs. Tenants in a Bankruptcy Sale: A Tension Between §§363(f) and 365(h)," "The Bankruptcy Times They Are Changing: Real Estate Developers Beware" and "Do the 'Shoes' Really Fit? Navigating the Attorney-Client Privilege and Work Product Doctrine in Chapter 11 Bankruptcy."
By Scott S. Markowitz | June 7, 2019
The pendulum has definitely swung.
By Daniel A. Lowenthal | June 7, 2019
How do bankruptcy judges resolve the competing desires of buyers and tenants? Must buyers bid for property knowing that tenants might have the right to stay if their leases are rejected? Are tenants in jeopardy that they might have to move elsewhere to live or work?
By Christopher T. Greco, Spencer A. Winters and Derek I. Hunter | June 7, 2019
In this article, the authors discuss the successful going-concern sale of mall-based retailer Things Remembered, which stands as a testament to the benefits of the Chapter 11 process and the commercial and practical approach that must be utilized in large retail Chapter 11 cases. This case demonstrates that going-concern retail sales are possible to save businesses, even in the current retail climate, if debtors can articulate a sufficient business need for speed.
By Rena Andoh and Kate Ross | June 7, 2019
Standing orders may cause issues by leaving undecided the allocation of attorney-client privilege and work product protection between the debtor and committee.
By Rick Antonoff | June 7, 2019
Courts are divided on the issue of whether the fraudulent transfer recovery provision applies extraterritorially.
New York Law Journal | Analysis
By Angela Turturro | June 3, 2019
In this Special Report: "Protecting Your Business Against Automated Intruders," "A Line in the Clouds: Whose Cybersecurity Goes Where?," "Striking a Balance Between Cybersecurity and Employee Privacy," "Connecting the Dots on the Regulation of Connected Medical Devices," "The Obligation to Secure Your Opponent's Data in the Age of Hacking" and "How Much Will Be Enough? Third-Party Diligence Under the NYDFS Cybersecurity Requirements."
By Adam Cohen and Ambre McLaughlin | May 31, 2019
The problem involved with assessing and addressing fair allocation of cybersecurity responsibilities, in a new kind of commercial relationship with interactive, interconnected and interdependent IT products and services, reflects the need for lawyers to evolve if they aspire to competently serve enterprise clients.
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