In a city that is made for walking, few stop to pause and look beneath their feet at the sidewalks that lead them uptown, downtown and crosstown. But these sidewalks—all 12,000 miles of them—form the arteries at the heart of New York. …
Recently, the Appellate Division, First Department—the state’s second highest court located in Manhattan—announced a decision with far-reaching implications for the state’s condominium owners. In the case Pekelnaya v. Allyn, the court …
When it comes to insuring a co-op or condominium community, a belt-and-suspenders philosophy could prove the safest – and perhaps, most advantageous – choice. Getting that extra coverage means going beyond the basics of property and li…
It’s important for cooperative corporations to have enough insurance to cover any unexpected problems that may arise, and one of the most crucial policies in any corporation’s insurance portfolio is directors and officers insurance, mo…
Insurance and Mold Litigation A Toxic Pill to Swallow By Alan R. Lyons and Mary Ellen Shuttleworth While panic and alarm are not warranted, the time is now for real estate owners, developers, lenders and borrowers to…
Many co-op and condo buildings rent out their ground-floor space to commercial tenants—retail shops, restaurants, grocery stores, doctor’s offices, and so forth. While the commercial/residential arrangement has many benefits on both side…
With annual meeting season upon us lots of shareholders contemplate leaving the sidelines behind to join the ruling class. Before you decide to cross over, be forewarned that the grass isn't always greener on the other side. To help you mak…
By now, you have already heard about the "dramatic" changes in the Directors & Officers insurance marketplace. You have also most likely heard about the increasing number of lawsuits against directors and officers, and why associations …