Cooperative Boards of Directors Do Not Have Unlimited Power to Reject Proposed Purchasers
By David L. BerkeyPartner at Gallet Dreyer & Berkey, LLP
Reverse Mortgage Loans on Residential Coops Are Now Authorized
After an extensive lobbying effort by residential coops and their trade associations, cooperative apartment...
They Are Not Called "Consequential Damages" For Nothing
In order to be recoverable, damages resulting from a breach of contract must have arisen “as a consequence”...
Ended But Not Over – the Realities of the Moratorium Aftermath
In her January 16, 2022, Administrative Order, the Chief Administrative Judge reported that “all residentia...
Mitchell-Lama Drama – Part 2 – Prohibiting Proxies and other Procedural Permutations
On December 22, 2021, Governor Hochul signed into law Chapter 749 of the New York Laws of 2021 (Senate Bill...
Mitchell-Lama Drama – Part 1 – Going Back To School
On December 21, 2021, Governor Hochul signed into law Chapter 684 of the New York Laws of 2021 (Senate Bill...
