New York Law Journal | Analysis
By Angela Turturro | June 25, 2018
In this Special Report: "Accessing Your Neighbor's Property: Is Your Dream Project Becoming a Nightmare?," "What Legalizing Marijuana Could Mean for NY Real Estate Attorneys," "Proposed Rent Regulatory Amendments Seek to Shift Balance of Power Toward Tenants," "The Tax Cuts and Jobs Act: A New Opportunity to Use Tax Incentives to Fund Low-Income Projects" and "Giving Co-op and Condo Boards the Right to Grandfather Existing Privileges."
By Jeffrey Turkel | June 22, 2018
A discussion of three proposals introduced by tenant advocates in the New York State Legislature: the Urstadt Law, limits on MCI rent increases, and the elimination of high rent vacancy deregulation. These proposals, and others to come, will be debated in Albany next year when the rent laws come up for renewal.
New York Law Journal | Analysis
By Jonathan Grippo | June 22, 2018
What happens when you need access to a neighbors property for a construction project but the neighbor refuses or an agreement cannot be reached? The answer lies in an infrequently used statute that allows a project owner to petition a court for a license to enter upon a neighbor's property. This article summarize the procedure for obtaining such court-ordered license and identifies some practice pointers for potential litigants.
By Stuart M. Saft | June 22, 2018
The Tax Cuts and Jobs Act of 2017 provides tax incentives for an investment in a qualified “Opportunity Zone,” the goal of which is to facilitate development in targeted low-income, economically distressed communities by encouraging investments used to start businesses, develop abandoned properties or provide low-income housing in the Opportunity Zone.
By Jennifer J. Corcoran and Mario D. Cometti | June 22, 2018
A future marijuana-friendly New York state could have attorneys seeing green as cannabis-based businesses seek assistance navigating the complicated process of state laws, including those related to real estate transactions and landlord-tenant laws.
By Bruce A. Cholst, Karol S. Robinson and Alexander Litt | June 22, 2018
Co-op and condo boards are often obstructed from making policy changes to address shifting trends and needs within their building by longstanding residents who benefit from the existing rules and have come to rely upon them. One popular solution has been to “grandfather” existing accommodations for these residents, but this solution is not without its own problems. The authors suggest a solution to the dilemma.
By Joseph M. McLaughlin and Shannon K. McGovern | June 13, 2018
Corporate Litigation columnists Joseph McLaughlin and Shannon McGovern discuss the Supreme Court's recent grant of certiorari to decide the propriety and potential limits of cy pres settlements.
By Angela Turturro | June 11, 2018
In this Special Report: "Nonprofit Bankruptcy Sales and Transfers," "Plan Support Agreements: Key Considerations for Creditors," "Insolvency Risk Planning for Cross-Border Transactions," "What Constitutes a Transfer of “All or Substantially All” of a Borrower's Assets for Purposes of Indentures and Credit Agreements?" and "Overview of Plan Support Agreements."
By Christopher Updike | June 8, 2018
Following the Great Recession, the nonprofit sector faced significant financial headwinds that resulted in increased restructuring and, in some cases, dissolution, of many prominent nonprofits such as Saint Vincent Catholic Medical Centers, the New York City Opera, and The Big Apple Circus. The bankruptcy cases commenced by these organizations over the past several years provide useful guidance when navigating the complex intersection of federal bankruptcy law and New York's nonprofit laws.
By Thomas R. Califano and Rachel Ehrlich Albanese | June 8, 2018
The expense, disruption and value deterioration inherent in sustained Chapter 11 proceedings have in recent years led to faster paced cases which are often, if not prepackaged, at least pre-negotiated (or pre-arranged). Debtors and sophisticated stakeholders are increasingly using plan support agreements to provide structure to a Chapter 11 case and set forth the pre-negotiated terms of a Chapter 11 plan.
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