Tag: Legal

PFAS: Forthcoming Regulation and Risk Management for Lenders

In the course of evaluating a potential lending transaction, both institutional and private lenders review a variety of metrics relating to both the borrower and the underlying collateral. The strength of a potential transaction will largely depend on things such as a borrower’s credit history, borrower’s cash flow, the strength of any guarantors, and the […]

Written by on March 2020

New York Court of Appeals Case Flips Over Tax Grievance Challengers

The New York Court of Appeals recently decided a case which will dramatically change the requirements for initiating review of real estate tax assessments, triggering additional concerns that property owners in New York State should consider when drafting lease agreements. In Larchmont Pancake House v. Bd. of Assessors, 32 N.Y.3d (2019), the Court ruled in […]

Written by on March 2020

A Hidden Danger: NY Labor Law Frequency of Pay Requirements

Two recent court decisions are demonstrating a technical peril for employers hiding in plain sight under New York State Labor Law (“NYLL”) §191(1)(a) that could cost employers millions in statutory damages – the requirement that manual workers be paid on a weekly basis: Scott v. Whole Foods Market Group, Inc., No. 18-CV-0086(SJF)(AKT), 2019 WL 1559424 […]

Written by on March 2020