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June 21, 2024 | The American Lawyer

McKool Smith Issues Mid-Year Bonuses

"We know it's been a busy 2024 and want to show our appreciation for your contribution to the firm's continued success and the success of our clients," firm Chair David Sochia wrote in a memo provided to The American Lawyer.
3 minute read
June 21, 2024 | New York Law Journal

Right of Utilities To Acquire Real Property via Eminent Domain in New York

It is a little-known fact that, in New York, electric and gas corporations may acquire property via eminent domain if said property is necessary for its corporate purposes. Eminent domain is an awesome power that is usually reserved for the government. However, New York state has long granted this same eminent domain power to utilities as well.
6 minute read
June 21, 2024 | New York Law Journal

Updated Rules for New York's Commercial Division: Technology Disputes and Use of Referees

The New York Commercial Division recently updated its procedural rules in two material respects: to reinforce its position as a go-to venue for technology-related litigation and to encourage the resolution of commercial disputes by the use of extrajudicial referees to hear and determine such disputes.
9 minute read
June 21, 2024 | New York Law Journal

Unpacking ANNY, NYC's New Affordable Housing Tax Exemption Program

After two long years since the "lapse" of New York's 421-a program, real estate developers may finally be able to breathe a sigh of relief, as the new ANNY program will bring many of the same real property tax benefits for providing affordable housing.
7 minute read
June 21, 2024 | New York Law Journal

Good Cause Eviction: Uncertainty Abounds in New Law's Provisions

This article will discuss two examples of the open questions concerning the Good Cause Eviction (GCE) law's statutory text: (1) the "small landlord" exemption from GCE's coverage and (2) the new required rent increase notices and their interplay with preexisting rent increase notice requirements.
7 minute read
Law Journal Press | Digital Book Florida Community Association Litigation: Homeowners’ Associations and Condominiums 2019 Authors: Ron M. Campbell View this Book

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June 21, 2024 | New York Law Journal

Stretching IRA Payments for Heirs: Using Charitable Remainder Unitrusts

The SECURE Act—starting in 2020— killed the stretch IRA for most heirs. Until that legislation, an heir could generally have required minimum distributions stretched over his or her life expectancy. And that minimized taxes—plus; the assets in the heir's IRA grew tax-free until withdrawn.
5 minute read
June 21, 2024 | New York Law Journal

Corporate Transparency Act, NY LLC Transparency Act and Global KYC Regulations: A Comparative Analysis

The CTA and NYTA are two significant pieces of legislation designed to enhance corporate transparency and prevent unlawful activities such as money laundering and tax evasion. This article discusses the acts' impact on the New York real estate industry and compares them to related legislation in other global markets.
8 minute read
June 21, 2024 | New York Law Journal

Fines, Late Fees and Limits on Co-op and Condo Board Authority

Fines and late fees may be important—even essential—tools of co-op and condo self-governance, but there are limits which must be respected. This article explores three potential limits on the use of fines and late fees by co-op and condo boards.
8 minute read
June 21, 2024 | New York Law Journal

Biden Pick For New York Federal Bench Vows to Apply Supreme Court Precedent

Dobbs, Brown v. Board and a gun-rights decision were among the cases President Joe Biden's federal trial court nominees in Maryland, New York and Pennsylvania were asked to comment on in written responses.
3 minute read
June 21, 2024 | Pro Mid Market

Midmarket Roundup: As Some Firms Grapple With Retaining Talent, Others Grow

Culture, and particularly flexibility with hybrid work models, is a top draw for midsize firms.
4 minute read

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