Client Alert: New York City Local Law 97 – Landlord Considerations in Dealing with Their Tenants – August 24, 2022

As part of the national and global push to reduce greenhouse gas (“GHG”) emissions to combat the effects of climate change, New York City passed the Climate Mobilization Act (the “Act”). Local Law 97 (“LL97”), enacted in 2019, forms a crucial component of the Act. Specifically, the goal of LL97 is to reduce GHG emissions […]

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Federal Assistance For Small Business Under The CARES Act

On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), a sweeping economic relief package designed to alleviate the economic impact of the COVID-19 pandemic. This Alert addresses the Paycheck Protection Program provisions of the CARES Act. In total, the CARES Act will inject nearly $2 trillion […]

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Insurance and the Coronavirus

In view of the major disruptions caused by the coronavirus pandemic, many businesses can and should file insurance claims. Below is an overview of insurance issues cropping up due to coronavirus. Preliminary Issues – Claims and Notices As a threshold matter, coverage is based on whether your facts fall within the unique language of your […]

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Highlights of Tax Relief in the CARES Act

On March 25, 2020, the U.S. Senate passed its version of the $2 trillion Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). The bill provides emergency assistance and health care response for individuals, families and businesses affected by the 2020 coronavirus pandemic, including certain tax reliefs and rebates. At the time of this […]

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The Paycheck Protection Program Under The CARES Act

On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), a sweeping economic relief package designed to alleviate the economic impact of the COVID-19 pandemic. This Alert addresses the Paycheck Protection Program provisions of the CARES Act. In total, the CARES Act will inject nearly $2 trillion […]

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CFIUS expansion of review

The US Federal government, under CFIUS, a multi-department government committee, has reviewed acquisitions by non-US persons of “strategic” businesses and assets in the US for many years now.  If the acquisition is subject to review and does not pass governmental acceptance, then the deal  may have to be terminated or modified, or possibly even undone […]

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Client Alert: New York Legislation Eliminates Any Requirement that a Plaintiff Prove that Harassment was “Severe and Pervasive”

To Our Clients and Friends: In a major change that will likely result in an increase in workplace discrimination (including sexual harassment) claims, particularly outside of New York City, the New York State Legislature has passed, and Governor Cuomo is expected to sign, a bill that eliminates the requirement that a plaintiff prove that the […]

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Client Alert: Proposed Income Tax Regulations May Affect Private Equity Funds and Other Partnerships that Have Direct or Indirect Foreign Investors

To Our Clients and Friends: On May 7, 2019, the U.S. Treasury proposed new federal income tax regulations (REG-105476-18) to provide additional guidance on a new partnership rule enacted in the Tax Cuts and Jobs Act of 2017. This could potentially affect partnerships (or limited liability companies taxed as partnerships) doing business in the U.S. […]

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Client Alert: New York Extends Three Year Add Back Rule Penalizing So-Called Death Bed Gifts

To Our Clients and Friends: In 2014 New York enacted estate tax legislation which added back to the taxable estate the value of certain gifts made by a New York resident if the gifts were made within three years of his or her death. The law applied only to estates of New York residents dying […]

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Client Alert: NYC Employers: Time to Put a Lactation Room Policy in Place

To Our Clients and Friends: Effective March 18, 2019, New York City employers must comply with expanded requirements to provide lactation accommodations to their employees.   The new laws require employers, by March 18, 2019, to (i) make a compliant lactation room available for employees upon request, and (ii) implement a written policy and procedure for […]

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Client Alert: Recently Finalized Partnership Audit Regulations Impact Partnerships, LLCs and Their Partners and Members

To Our Clients and Friends: The Treasury Department issued compre-hensive final regulations on December 21, 2018 regarding the new partnership audit regime. A domestic limited liability company with more than one member is generally treated as a partnership for federal income tax purposes, and in such case will also be subject to these rules. These […]

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Client Alert: New York State Minimum Wage Increases

To Our Clients and Friends: With the coming of the New Year, please remember that New York State’s increased minimum wage and salary requirements are now effective as of December 31, 2018.  These changes affect most New York employers, regardless of size, and we are encouraging all our clients with New York operations to become […]

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