New York Business Law and Commercial Litigation Blog

Latest from New York Business Law and Commercial Litigation Blog

For those of you following our Transparency-is-in-Your-Future series, you already know that the Corporate Transparency Act (“CTA”) went into effect on January 1, 2024 and now entities of all shapes and sizes are scrambling to figure out what information they need to report and when, or if they are perhaps exempt from the reporting requirements

In An RPAPL 881 Proceeding, Appellate Division Finds That A Licensor May Be Entitled To Recover Damages When Licensee Fails to Provide Proof of Sufficient Insurance[1] 

The adequacy of the insurance required to be provided by a property owner seeking to obtain a license to enter onto an adjacent property in order to

As covered in our Transparency-is-in-Your-Future series, Congress enacted the Corporate Transparency Act (“CTA”), requiring certain entities that are not otherwise exempt to file information about their beneficial ownership with the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”). On December 22, 2023, New York Governor Kathy Hochul signed into law a similar act, the LLC Transparency

Governor Signs Bill Limiting Amount Which May Be Withheld For Retainage On Private Construction Contracts[1] 

On November 17, 2023, Governor Hochul signed a bill[2] which, among other things, limits the amount of retainage which may be withheld on private construction contracts which equal or exceed $150,000 to no more than five percent. 

Continuing our Transparency-is-in-Your-Future series, we now turn our focus to the beneficial ownership reporting requirements established in the (i) Corporate Transparency Act (“CTA”) and (ii) related regulations adopted by U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”).

FinCEN’s final rule is effective January 1, 2024. As this deadline approaches, we thought it would be helpful

The Apple TV streaming series Ted Lasso is unlike any television show I’ve encountered. With the explosion of online streaming content, many high quality streaming series (GoT, Ozark, Chernobyl, Bloodline, etc.) pride themselves on grittiness and high drama.  Ted Lasso is the antithesis.  The series consistently provides uplifting, feel-good viewing on a humorous backdrop.  Compared

As previously discussed here, Congress enacted the Corporate Transparency Act (the “Act”) to require certain entities to file information about its beneficial ownership with the intent to prevent and combat money laundering, corruption, tax fraud and other illicit activity. Pursuant to the Act, the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) has adopted

For anyone who thinks they can develop, deploy, use, or market artificial intelligence with impunity, think again.

Today the Federal Trade Commission (FTC), the Department of Justice Civil Rights Division (DOJ), the Consumer Financial Protection Bureau (CFPB), and the U.S. Equal Employment Opportunity Commission (EEOC) released a joint statement (the “Joint Statement”) reminding the public

Over the last several years, there has been growing concern within the financial and trade regulatory communities about the use of shell companies to evade anti-money laundering laws, economic sanctions, and other laws.  Congress has found that malign actors have “exploited State formation procedures to conceal their identities” when forming these companies in the United