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Zelle LLP

The Aftermath of Covid-19 – New York’s Expansion of Business Interruption Coverage

Zelle LLP on

It is without question that Covid-19 affected the insurance industry worldwide resulting in substantial litigation commenced by insureds to recoup losses linked to government mandated shutdowns for nonessential businesses....more

Jackson Lewis P.C.

What to Know About New York City’s Law on COVID-19 Severance Pay for Hotel Workers

Jackson Lewis P.C. on

Under a New York City law, hotels with at least 100 rooms that either (1) experienced a mass layoff of 75% or more of their workforce or (2) were closed to the public during the COVID-19 pandemic, but have not reopened to the...more

Fox Rothschild LLP

Some New York City Hotels Must Pay Employees Severance

Fox Rothschild LLP on

The pandemic has hit New York City’s hotels particularly hard, leading to perhaps the industry’s worst year ever in 2020. Despite these incredibly difficult times, however, Mayor de Blasio signed into law on October 5, 2021 a...more

Seyfarth Shaw LLP

Proposed Rent Suspension Laws in New York, Other Potential Relief for New York Landlords and Possible Constitutional Challenges

Seyfarth Shaw LLP on

As discussed in our prior update, the New York Legislature is considering a pair of bills that would waive rent payments for a period of 90-days for those residential tenants that have lost their jobs or small business...more

Seyfarth Shaw LLP

New York Proposes Bill to Expand Business Interruption Coverage for COVID-19 Losses

Seyfarth Shaw LLP on

New York is the latest state to propose legislation intended to expand business interruption insurance coverage.  Introduced by Assembly Member Robert C. Carroll and co-sponsored by eight fellow legislators, A10226 (the...more

Seyfarth Shaw LLP

Amending Building Loan Contracts in New York in the Wake of COVID-19-Related Closures of Local Recorders’ and Clerks’ Offices

Seyfarth Shaw LLP on

The closure of local recorders’ and county clerks’ offices in the wake of COVID-19, and the prospect of future closures, has had a profound effect on commercial real estate transactions. This is particularly true in New York...more

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