New York Related News

Ogletree Deakins | New York State Bill Proposed to Restrict Electronic Monitoring, Automated Employment Decision Tools

Under a recently introduced bill, employers across New York State could face new restrictions on the electronic surveillance of workers and the growing use of automated decision-making and artificial intelligence (AI) technology to make employment decisions. Quick Hits Proposed New York State bill would restrict employers’ use of electronic monitoring and automated employment decision-making technology. The bill would require employers to notify employees and job candidates that such tools are being used and specifically require automated employment decision tools to...

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Member News, New York Related News

Troutman Pepper | Wide-Ranging New York Noncompete Law Awaits Governor’s Signature

Summary On June 20, the New York State Legislature passed a bill prohibiting noncompetes. The bill currently awaits Governor Hochul’s signature. If signed into law, it will take effect just 30 days later, but will only be applicable to contracts entered into or modified on or after the effective date — it will not have retroactive effect. The proposed law would prohibit employers from entering into noncompete agreements with “covered individuals,” which, as explained in more detail below, clearly includes employees...

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Ogletree | New York State Assembly Passes Non-Compete Bill

On June 20, 2023, the New York State Assembly approved one of two bills concerning non-compete agreements that the New York State Senate just recently passed. Bill No. S3100A, which would prohibit employers from using non-compete agreements, passed the Assembly and is on its way to the desk of Governor Hochul for signature. Quick Hits The New York State Assembly approved legislation (Bill No. S3100A) that would prohibit employers from using non-compete agreements. Bill No. S3100A does not address employee...

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New York Related News

Governor Hochul Announces $7.6 Million Expansion of Schrödinger Headquarters in NYC

Performance-Based Excelsior Jobs Program to Support Creation of Up to 80 New Jobs | Expansion Builds on Prior Investments in Taystee Lab Building, Harlem Biospace to Grow New York's Life Sciences Sector | Governor Kathy Hochul today announced Schrödinger, Inc. - whose physics-based computational platform is transforming the way therapeutics and materials are discovered - is investing $7.6 million to expand operations at its headquarters in New York City. Schrödinger will lease additional space at 1540 Broadway as it grows...

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Member News, New York Related News

RPJ Law | New York State and City Propose an End to At-Will Employment

As an employment lawyer, I often find myself having the same difficult conversation with prospective clients who believe they were wrongfully discharged.  I explain that while the circumstances of the termination may seem unfair, if the worker was an at-will employee (like most employees in the United States), then the termination was likely not unlawful unless it involved discriminatory animus.  Even employees who were plainly bullied at work face an uphill battle under the current law, unless that bullying...

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Member News, New York Related News

Ogletree Deakins | New York City Holds Second Public Hearing on Updated Proposed Rules for Automated Employment Decision Tools

On January 23, 2023, the New York City Department of Consumer and Worker Protection (DCWP) held a public hearing on updated proposed rules to implement the city’s automated employment decision tools (AEDT) law (Local Law 144). As we previously reported, the updated proposed rules were issued following a significant volume of public input concerning an initial version of the rules released on September 23, 2022. Like the initial hearing convened in 2022, the second hearing attracted a sizeable audience of...

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Member News, New York Related News

Littler | New York City Proposes Regulations to Clarify Requirements for Using Automated Employment Decision Tools

On September 23, 2022, the New York City Department of Consumer and Worker Protection (DCWP) proposed additional rules relating to Local Law 144 of 2021, which will regulate the use of automated employment decision tools starting January 1, 2023.  The newly proposed rules provide much-needed clarity on key gaps within Local Law 144.  The comment period is now open, with a public hearing set for October 24, 2022.  Stakeholders may provide written comments or seek to testify orally by...

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Chapter News, Financing for Development/UN SDG's, New York Related News

EU@UNGA77: Multilateralism at work in times of crisis

Every year at this time, world leaders gather in New York for the United Nations (UN) General Assembly. This year, however, there will be nothing routine about this diplomatic set-piece. 77 years after the UN was created to save humanity “from the scourge of war”, Europe is once again on the front line and crises are affecting many regions. UNGA offers a unique chance for countries to come together, to work out solutions to global problems. And after two...

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Member News, New York Related News

EIB at the 2022 UN General Assembly and Climate week NYC

President Werner Hoyer and Vice-President Ambroise Fayolle will participate in a number of events during the 77th General Assembly of the United Nations (UNGA), which gathers global leaders to discuss issues such as global development, energy and food security, education and climate action. In parallel, the EIB will participate in Climate Week NYC (19-25 September), the biggest global climate event of its kind. As world leaders gather in New York this month for Climate Week, President Hoyer says it's time to deliver. Read the blog article. Find more...

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Member News, New York Related News

Cea Legal | Mortgage Recording Tax

It’s no secret that the costs in connection with investing in real estate in New York are considerable. Our clients often ask us to provide us a detailed estimate of the expenses before making a final offer. When an investor is financing the purchase, one of the most significant disbursements to take into consideration is the mortgage recording tax. The mortgage recording tax is calculated as 1.8% of the financing amount under $500,000 and 1.925% on financing amounts over $500,000....

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