Generally, New York law provides that a company that buys the assets of another business is not liable for the seller’s pre-existing liabilities. However, there are several important exceptions to this rule. One of them is known as the de facto merger doctrine and it creates successor liability when the transaction between the purchasing and … Read more
IRAs and 401(k) plans are popular investment vehicles because of the tax benefits. Assets deposited into these accounts are only subject to income tax when they are withdrawn. The IRS sets a certain age at which withdrawals must start (currently 72) and provides for annual “required minimum distributions (RMDs).” These RMDs are calculated based on … Read more
A destination wedding is a dream for many couples. However, it also comes with logistical concerns especially if the destination is a foreign country. Every country has its own rules which must be followed precisely to avoid finding yourself unable to get married after spending the time and money to organize the ceremony. As Iceland … Read more
In certain types of cases, a party may be able to sue in either state or federal court. That is because both courts may have “subject matter jurisdiction” over the case. There are requirements for suing in federal court. Subject matter jurisdiction refers to the requirement that a given court has the power to hear … Read more
Generally, courts will respect and enforce the terms of a contract. However, one exception to that rule involves situations where one party was coerced into signing a contract by the other party. Economic duress occurs when one side threatens to breach the agreement if the other party doesn’t accept the new terms. When it occurs, … Read more
Effective January 1, 2020, employers will have to pay any employee who does not make at least $35,568 per year overtime for any hours in excess of 40 hours worked in a particular workweek. This is because there will be new overtime rules in 2020. As a result of this change, employers must review how … Read more
If you plan to object to services of process in New York, you need to make sure you do it in a timely and proper manner. This blog post will teach you how
Most people know that employers cannot discriminate against employees on the basis of certain characteristics such as age, race, gender, and disability. Such discrimination is typically barred by federal, state and local statutes. However, a recent federal court decision by the Second Circuit Court of Appeals brings attention to a lesser-known area of possible discrimination … Read more
Real estate purchasers in New York almost always buy title insurance at the time of the transaction. However, a case decided by the New York Appellate Division, First Department on September 3, 2019 confirmed that even when title insurance is obtained, issues regarding title can still arise. In Akasa Holdings LLC v. 214 Lafayette House, … Read more
While we all receive an account agreement when we open a bank account, very few of us, whether businesses or individuals, take the time to read the agreement or the countless updates to those procedures. However, these agreements control our relationship with our chosen bank and set forth our rights and responsibilities in the event … Read more
Generally, New York law provides that a company that buys the assets of another business is not liable for the seller’s pre-existing liabilities. However, there are several important exceptions to this rule. One of them is known as the de facto merger doctrine and it creates successor liability when the transaction between the purchasing and … Read more
IRAs and 401(k) plans are popular investment vehicles because of the tax benefits. Assets deposited into these accounts are only subject to income tax when they are withdrawn. The IRS sets a certain age at which withdrawals must start (currently 72) and provides for annual “required minimum distributions (RMDs).” These RMDs are calculated based on … Read more
A destination wedding is a dream for many couples. However, it also comes with logistical concerns especially if the destination is a foreign country. Every country has its own rules which must be followed precisely to avoid finding yourself unable to get married after spending the time and money to organize the ceremony. As Iceland … Read more
In certain types of cases, a party may be able to sue in either state or federal court. That is because both courts may have “subject matter jurisdiction” over the case. There are requirements for suing in federal court. Subject matter jurisdiction refers to the requirement that a given court has the power to hear … Read more
Generally, courts will respect and enforce the terms of a contract. However, one exception to that rule involves situations where one party was coerced into signing a contract by the other party. Economic duress occurs when one side threatens to breach the agreement if the other party doesn’t accept the new terms. When it occurs, … Read more
Effective January 1, 2020, employers will have to pay any employee who does not make at least $35,568 per year overtime for any hours in excess of 40 hours worked in a particular workweek. This is because there will be new overtime rules in 2020. As a result of this change, employers must review how … Read more
If you plan to object to services of process in New York, you need to make sure you do it in a timely and proper manner. This blog post will teach you how
Most people know that employers cannot discriminate against employees on the basis of certain characteristics such as age, race, gender, and disability. Such discrimination is typically barred by federal, state and local statutes. However, a recent federal court decision by the Second Circuit Court of Appeals brings attention to a lesser-known area of possible discrimination … Read more
Real estate purchasers in New York almost always buy title insurance at the time of the transaction. However, a case decided by the New York Appellate Division, First Department on September 3, 2019 confirmed that even when title insurance is obtained, issues regarding title can still arise. In Akasa Holdings LLC v. 214 Lafayette House, … Read more
While we all receive an account agreement when we open a bank account, very few of us, whether businesses or individuals, take the time to read the agreement or the countless updates to those procedures. However, these agreements control our relationship with our chosen bank and set forth our rights and responsibilities in the event … Read more