Five Innovative Ideas for Funding Parks and Open Space
Previously published in 2012 I. INTRODUCTION New York State and its municipalities are not likely to have adequate revenues to support maintenance or expansion of parks and open space in…
IDGTs: Flexible Drafting Saves the Day When Intended Benefits Become a Burden
By Alison Powers Herman and Karen T. Schiele. Published in the New York Law Journal. Transferring assets to an intentionally defective grantor trust (IDGT) is a potentially powerful estate planning…
Recent Developments in Construction Access Under RPAPL § 881 and What to Expect in 2024
In a city as dense as New York City, property owners often cannot make repairs and improvements to their property without access to their neighbor’s land. Section 881 of the…
New Cybersecurity Disclosure Rules for Public Companies: Update
As we previously reported in July 2023, the U.S. Securities and Exchange Commission (the “SEC”) adopted new cybersecurity disclosure rules for public companies. The new rules require issuers to promptly…
Digital Right to Repair Expands to Influential State of California
By Jenny Frank, Matt Dunn and Jack Griem. Published in the New York Law Journal. New York was the first state to pass right to repair legislation for digital electronic…
Mike Bauscher Authors Comprehensive Guide for Acquiring Property by Eminent Domain in New York
Co-chair of Carter Ledyard’s Condemnation Practice, Mike Bauscher, has authored a comprehensive guide for acquiring property by eminent domain in the State of New York pursuant to New York’s Eminent…
New York City Aims to Bolster the Life Science, Laboratory and Biotech Economy with its “City of Yes” Zoning Text Amendments
In late 2023 the Mayor and the Department of City Planning, as part of the “City of Yes” initiative, proposed a wide range of zoning text amendments to amend various…
Department of Labor Announces New Worker Classification Final Rule
The Fair Labor Standards Act (FLSA), New York Labor Law (NYLL) and many other laws applicable in New York and in other states provide protections for employees but not for…
In Thomson Reuters, Alex Malyshev and Sarah Ganley Explore the Cannabis Market’s Evolution in 2023 and Anticipate Trends for 2024
In their latest for Thomson Reuters, Alex and Sarah analyze the state of play in the Cannabis industry in 2023, and what to expect in 2024. Among other things, Alex…
New York City Unveils Subsidy for Mixed Income Development
At the turn of the new year, New York City unveiled a city-funded adaptation of the 421a tax incentive (named after Section 421a of NY Real Property Tax and Proceedings…