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Recent News Alerts
Published in National Law Review – What We Learned From COVID-19: Lease Agreements, Contracts, And Business Interruption Claims
To say that most businesses were not prepared for the COVID-19 (coronavirus) pandemic would be quite an understatement. Although several Asian countries had lived through and learned from the SARS and swine flu outbreaks, nobody was really prepared for what 2020 had in store. U.S. citizens hadn’t lived through anything remotely similar since the 1918 Spanish flu pandemic. From a legal perspective, the business world has learned a lot in [...]
Personal Liability Protections for Guarantors of Commercial Leases Expired on June 30, 2021
While New York State is in the process of lifting many COVID-19 related restrictions, the commercial eviction moratorium related to COVID-19 hardship is in effect through August 31, 2021 Protections for certain commercial lease guarantors, however, expired on June 30, 2021 These protections were initially put in place by the New York City Council under Local Law 55 of 2020 (“Guaranty Law”), prohibiting commercial landlords from enforcing personal guarantees against [...]
