Blogs

Posts Categorized: COVID-19

Posted: April 17, 2020

Do State Shut-Down Orders Effect A Taking For Which The State Must Pay Just Compensation?

By Elizabeth Wolstein Governors across the country have issued executive orders mandating the closure of businesses they deem non-essential in an effort to slow the spread of COVID-19. Slowing the spread of COVID-19, in turn, benefits all the state’s residents. Thus, the owner of the closed business is made to sacrifice the use of his... Read more »

Posted: April 14, 2020

Current Financial Crisis Likely Will Lead to Events of Default in RMBS Trusts

Unlike our usual posts, which analyze recent Commercial Division decisions, this post is written to alert RMBS certificateholders of imminent events of default in RMBS trusts due to the liquidity crisis most servicers are expected to face beginning this month. RMBS certificateholders should understand their rights and the protections to which they are entitled in... Read more »

Posted: April 2, 2020

New York Courts Clarify E-Filing Rules for Essential Matters

The New York State courts have issued guidance and a new form relating to the filing of papers in essential matters. That guidance provides: Non-essential matters will NOT be accepted for Filing Due to the suspension of civil statutes of limitation by the Governor’s executive order 202.8, and in accordance with administrative order AO/78/20 all... Read more »

Posted: March 31, 2020

What is the Coronavirus Aid, Relief and Economic Security (“CARES”) Act?

What is the Coronavirus Aid, Relief and Economic Security (“CARES”) Act? By Hillary S. Zilz, Elliott Blanchard and Sam L. Butt. The CARES Act is the federal government’s $2 trillion response to the Covid-19 pandemic. The CARES Act provides for a variety of aid programs to help businesses and individuals affected by the Covid-19 virus.... Read more »

Posted: March 30, 2020

Coronavirus and Business Interruption Claims: A Guide to Insurance Coverage for Business Losses Arising from the COVID-19 Pandemic

Posted by Bradley J. Nash, Litigation Partner Readers of this blog may be interested in my new article:  Coronavirus and Business Interruption Claims: A Guide to Insurance Coverage for Business Losses Arising from the COVID-19 Pandemic, which is available here. Business interruption insurance can provide much-needed coverage for businesses experiencing sudden losses of revenue in... Read more »

Posted: March 30, 2020

Coronavirus and Business Interruption Claims: A Guide to Insurance Coverage for Business Losses Arising from the COVID-19 Pandemic

Written by Bradley J. Nash, Litigation Partner As the novel Coronavirus/COVID-19 spreads throughout the country and the world—and governments respond with travel restrictions and “shelter in place” orders—businesses of all kinds are experiencing sudden losses of revenue on an unprecedented scale.  Business interruption insurance may provide much-needed coverage for some of these losses.  Does your... Read more »

Posted: March 26, 2020

Coronavirus and the Commercial Tenant: A Guide to Dealing With Your Landlord During the COVID-19 Pandemic

Coronavirus and the Commercial Tenant: A Guide to Dealing With Your Landlord During the COVID-19 Pandemic By Jeffrey M. Eilender, Joshua Wurtzel, and Christopher R. Dyess As much of New York’s economy grinds to a halt, businesses of all kinds are asking how they will pay their rent. The answer, if you have good legal... Read more »

Posted: March 22, 2020

New York Courts Prohibit Filings in Non-Essential Matters

On March 22, 2020, Chief Administrative Judge Marks issued an order providing that the courts no longer will accept filings in matters other than those deemed essential. In the Supreme Court, essential civil matters are: Mental Hygiene Law (MHL) applications and hearings addressing patient retention or release MHL hearings addressing the involuntary administration of medication... Read more »