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Commercial real estate legislative and regulatory issues impacting commercial real estate businesses and properties, plus advice on how to navigate the industry's pressing legal topics.
If the court strikes down the Affordable Care Act in a pending decision regarding the severability of the individual mandate, hospitals could see fewer insured patients and lower reimbursement rates.
Understandably, businesses are looking at ways to stem the tide of mounting losses and are looking to their all-risk insurance policies for help. Most of these claims, however, have been or likely will be denied and, as a result, hundreds of businesses all over the country are filing lawsuits against their insurance carriers.
New York City Mayor Bill de Blasio delivered another striking blow to property owners when he signed into law N.Y.C. Council Int. No. 1932-A (2020) on May 26, 2020. The new legislation prohibits landlords from enforcing personal guaranties on certain commercial leases for defaults occurring between March 7, 2020 and Sept. 30, 2020.