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New York City’s recently adopted City of Yes for Housing Opportunity (CHO) represents the most significant overhaul of residential zoning regulations in decades. While its projected creation of 82,000 housing units over 15 years falls well short of the city’s needs, the initiative is important for its systematic dismantling of post-war zoning restrictions that have long constrained housing development in the city.
At its core, the reform package (which became effective as of Dec. 5, 2024) addresses three fundamental barriers to housing production: mandatory parking requirements that are disconnected from demand, rigid separation of housing types, and concentration of density through selective neighborhood downzoning.
In June 2024, the First Department decided Huguenot LLC v. Megalith Capital Group Fund I, L.P., which resolved a question of liability for a group of condominium apartment buyers and in so doing, touched on a wide range of issues about how contracts can obligate purchasers of real property.
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.
Latham & Watkins helped the largest U.S. commercial real estate research company prevail in a breach-of-contract dispute in District of Columbia federal court.
Practical strategies to explore doing business with friends and social contacts in a way that respects relationships and maximizes opportunities.