For those of you following our Transparency-is-in-Your-Future series, you already know that the Corporate Transparency Act (“CTA”) went into effect on January 1, 2024 and now entities of all shapes and sizes are scrambling to figure out what information they
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In An RPAPL 881 Proceeding, Appellate Division Finds That A Licensor May Be Entitled To Recover Damages When Licensee Fails to Provide Proof of Sufficient Insurance
In An RPAPL 881 Proceeding, Appellate Division Finds That A Licensor May Be Entitled To Recover Damages When Licensee Fails to Provide Proof of Sufficient Insurance[1]
The adequacy of the insurance required to be provided by a property…
Transparency is in Your Future – New York’s Own Version of the Corporate Transparency Act focused on Limited Liability Companies
As covered in our Transparency-is-in-Your-Future series, Congress enacted the Corporate Transparency Act (“CTA”), requiring certain entities that are not otherwise exempt to file information about their beneficial ownership with the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”). On December 22,…
Governor Signs Bill Limiting Amount Which May Be Withheld For Retainage On Private Construction Contracts
Transparency is in Your Future – Am I a Beneficial Owner under the Corporate Transparency Act?
Continuing our Transparency-is-in-Your-Future series, we now turn our focus to the beneficial ownership reporting requirements established in the (i) Corporate Transparency Act (“CTA”) and (ii) related regulations adopted by U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”).
FinCEN’s final rule…
Ted Lasso’s Wizardry and Insights into Transactional Legal Practice
The Apple TV streaming series Ted Lasso is unlike any television show I’ve encountered. With the explosion of online streaming content, many high quality streaming series (GoT, Ozark, Chernobyl, Bloodline, etc.) pride themselves on grittiness and high drama. Ted Lasso…
Transparency is in Your Future – Looming Deadline for Reporting Company Beneficial Ownership Information
As previously discussed here, Congress enacted the Corporate Transparency Act (the “Act”) to require certain entities to file information about its beneficial ownership with the intent to prevent and combat money laundering, corruption, tax fraud and other illicit activity.…
Improper Development, Deployment, Use or Marketing of Artificial Intelligence Will Result in P(ai)n
For anyone who thinks they can develop, deploy, use, or market artificial intelligence with impunity, think again.
Today the Federal Trade Commission (FTC), the Department of Justice Civil Rights Division (DOJ), the Consumer Financial Protection Bureau (CFPB), and the U.S.…
Unpacking the FTC’s Warning To “Keep Your AI Claims In Check”
On February 27, 2023, the Federal Trade Commission (FTC) business blog released a not so thinly-veiled warning to AI developers, sellers, and marketers that they have a duty of care when using the term “artificial intelligence” to market a product,…
Beware, Quack-Quack Is In the AIr: Is Artificial Intelligence/AI Really So Smart?
As he watched the eyeless face with the jaw moving rapidly up and down, Winston had a curious feeling that this was not a human being but some kind of dummy. It was not the man’s brain that was speaking,…