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New York City offers entrepreneurs access to a market with consumers with high disposable income and where investors and lenders are ready to assist entrepreneurs who wish to start or grow their businesses in the Big Apple. However, that doesn’t mean that starting a business in New York is a
Power of attorneys are necessary, in many cases, for individuals or businesses wishing to conduct business via a third party. Under § 5-1501 of New York General Obligations Law, a Power of Attorney is “a written document, other than a document referred to in section 5-1501C, by which a principal
In this digital world, there’s one thing that we cannot live without – the Internet. As we are aware, the Internet became an even more important part of our lives during the Covid-19 Pandemic. Negatives go hand-and-hand with the benefits of the Internet. As we are aware, hackers are actively
The United States is a contracting state to the Convention on the Recognition and Enforcement of Foreign Arbitral Awards of the United Nations Commission on International Trade Law (“Foreign Arbitral Awards Convention”). This New York law blog post details the steps necessary to recognize and enforce a foreign arbitral award
In a previous article, we emphasized the importance of writing a “Last Will and Testament” and how a will helps protect your loved ones and allows you to determine what happens to your property after you pass. Under New York Law, when a person dies without a will, the Rules
A U.S. Federal Court in Illinois issued a decision rescinding the new Public Charge Rule of the Department of Homeland Security on November 2, 2020. The implementation by the U.S. Citizenship and Immigration Services (“USCIS”) of the new Public Charge Rule is halted. Thus, this Rescinded Public Charge Rule shall
Protecting Trade Secrets, in many cases, may be the difference between success and failure of your business in New York. The post shall detail the basics of New York Trade Secret Law. The New York Court System has not adopted the Uniform Trade Secrets Act (“UTSA”), but has common law
Life and work in the Big Apple isn’t all wine and roses for business owners in 2020, however, New York remains, still, one of the more attractive locations for entrepreneurs, business owners and investors looking to build a footprint in the United States. From Lady Liberty to Central Park, there’s
In a hit to landlords in New York, a judge in the Eastern District Court of New York dismissed the claims of landlords challenging a newly implemented rent stabilization law in NY. A prior article on this matter can be found at: NYC Landlords Sue to Overturn Second Year of
Opportunities are increasingly emerging in New York for the purchase of distressed assets. Opportunities abound in commercial real estate, residential real estate, retail, manufacturing, franchising, distribution and food & beverage. Many of these distressed assets shall hit bankruptcy courts or shall be sold under the UCC. Opportunities are, immediately, available
New York is a great place to do business, however, those that do not follow my mother’s advice may end up lost in the forest or eaten by a shark. Listen to my mother and you shall be on your first step to a successful business in New York. If
Hayes & Simon is proud to announce that Sean Hayes, a partner at Hayes & Simon, received the highest rating from AVVO. AVVO is a leading attorney rating service and question & answer site. Sean received the highest rating for his work in International Law. Sean is ranked a top
Opportunities abound for creative and street-smart business to sell services, goods, commodities and technology to NY agencies and municipalities. While, the myriad of laws and regulations seem overwhelming, with a local business-savvy street-smart guide, doing business with the New York State, New York City and other municipalities can be rewarding
Even during a pandemic, the appeal of being your own boss or an entrepreneur never loses its luster. The United States, Asia and other markets have proven to be exciting and happy hunting grounds for companies to explore new funding opportunities, and the COVID-19 shutdown has presented plenty of opportunities
If you or your business is a victim of trademark infringement, copyright infringement, harassment, breach of contract or another harm, in many cases, a cease & desist letter drafted and sent by a law firm can help in resolving the matter in an amicable manner and with little cost. We
The Big Apple continues to present new opportunities to both new entrepreneurs entering the market and the established players who continue to call New York City home. No one is denying that we are all doing it tough. Commercial tenants have been put through the wringer with mandatory enforced business
New York is among one of the states in the U.S. which allows mail-in voting in accordance with N.Y. Election Law Section 5-210 (3). And for the upcoming U.S. Presidential Election, voters may actually want to consider mail-in voting as it may provide a safer way to cast votes in
The Donnelly Act, which is New York’s main antitrust law, was written in 1899 and codified in §340-§347 of New York’s General Business Law. It is time for this act to be updated. Anti-trust/Competition Law in New York has not kept up with the times. Prohibited Acts under New York’s
As we’ve mentioned in our other Korean Law Blog, virtual currency or more popularly known as cryptocurrency is a digital representation of value that can be digitally traded or transferred. When holders are using these virtual currencies the transactions are completed via Blockchains (decentralized databases). For article on virtual currency
In a prior article, we discussed the basics of Reverse Mergers (also referred to as reverse takeover “RTO,” reverse IPO, or a backdoor listing). And as mentioned in this post, in a reverse merger investors, typically, of a privately-held company acquire a majority of the shares of a publicly-held company,
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