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Restoring Property: The Zombie Property and Foreclosure Act
On June 23, 2016, Governor Cuomo signed into law the final omnibus bill of the session, the last section of which addresses vacant and abandoned properties, establishes timelines for the sale of property post-foreclosure judgment, and updates and enhances protections for homeowners in default and foreclosure. See L.2016, ch. 73. The new act includes provisions and intentions that were part of several bills introduced throughout the session to address the zombie property and foreclosure crises in the state. All provisions of the law go into effect on Dec. 20, 2016.
Vacant and Abandoned Property Provisions
Chapter 73 includes three significant provisions regarding vacant and abandoned residential real property: property maintenance, an expedited foreclosure process, and the creation of a statewide electronic registry. The new statute defines “vacant and abandoned” property and imposes new obligations on mortgagees with respect to that property. RPAPL 1309.
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Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Removing Restrictive Covenants In New York
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?