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...

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...

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...

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...

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...

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....