NYC Council Vote to Approve $88.19 Billion Budget and Reallocate NYPD Resources
July 1, 2020 – At last night’s Stated Meeting of the New York City Council, which ran into the early hours of this morning, Council Members voted to pass an $88.19 billion budget for FY 2021 — 32 in the affirmative, and 17 in the negative. The COVID-19 health crisis and related economic downturn; coupled with […]
Phase II Outdoor Dining Compliance & Enforcement Issues; Delay of NYC Entering Phase III
June 29, 2020 – Governor Cuomo’s announcement this morning that there are complications with New York City’s entering Phase III (which is currently anticipated to be on July 6) as a result of individuals and businesses not complying with social distancing requirements forebodes a delay in New York City’s entering Phase III and, consequentially, the […]
Executive Order Provides Relief for Tenants and Property Owners Impacted by COVID-19
June 16, 2020 – By Exec. Order 202.28 Landlords are prohibited from initiating commercial evictions by Governor Cuomo’s executive order. The original expiration of that prohibition was extended from early June to August 20, 2020. The tenant only has to show financial hardship. Executive Order 202.28 There shall be no initiation of a proceeding or enforcement […]
DHC Lawyers Represent L Brands, Inc. in Landlords & Tenants Negotiation
June 9, 2020 – Davidoff Hutcher & Citron’s Co-Managing Partner Larry Hutcher and Commercial Litigation Partner William Mack are representing L Brands, Inc. – the parent company to Victoria’s Secret and Bath & Body Works – in two litigation matters filed in the New York Supreme Court. The DHC lawyers have filed complaints seeking to […]
Changes to Loan Forgiveness Rules Under the Paycheck Protection Program
June 8, 2020 – DHC D.C. Update: U.S. Treasury Secretary Steven T. Mnuchin and Small Business Administration (SBA) Administrator Jovita Carranza issued the following statement today following the enactment of the Paycheck Protection Program (PPP) Flexibility Act: “We want to thank President Trump for his leadership and commend Leader McConnell, Leader Schumer, Speaker Pelosi, and Leader […]
Update: Governor Cuomo Announces Reopening Process for New York City
May 29, 2020 – Yesterday, in the State’s continuing response to the Covid-19 pandemic, Governor Cuomo issued an Executive Order authorizing businesses to deny entry to individuals who do not wear masks or face-coverings. The full order can be found below, however, it is important to note, that order only gives discretion to businesses to […]
Funding Opportunities for Businesses Impacted by COVID-19
May 29, 2020 – Dear DHC Client, In light of the current COVID-19 crisis, and ongoing discussions in Washington, D.C. about possible financial relief for New York – we thought it prudent to highlight, and in some cases remind you of funding opportunities for impacted businesses. Please do not hesitate to contact us directly should you […]
Governor Cuomo Announces a New State Loan Program, “New York Forward Loan Fund”
May 26, 2020 – As the State is beginning its reopening process, late last week the Governor announced a new state loan program, “New York Forward Loan Fund (NYFLF)”. Per the Governor, the NYFLF is a new economic recovery loan program aimed at supporting New York State small businesses, nonprofits and small landlords as they reopen […]
Update: Governor Cuomo Announces New York Gradual Reopening Plan
May 11, 2020 – Today, Governor Cuomo announced that NY Pause will be lifted and the NY Forward process will begin. The Governor has provided the following guidance as it relates to NY Forward: https://www.governor.ny.gov/sites/governor.ny.gov/files/atoms/files/NYForwardReopeningGuide.pdf The first 3 regions of the State that have met the reopening criteria set forth by the Governor and will […]
Update: Governor Cuomo Announces Gradual Reopening Will Come in Four Phases
May 4, 2020 – Today, Governor Cuomo announced additional details on the gradual reopening of the State. Once again, this will be a regional reopening, starting when the current NY Pause order expires on May 15, 2020. The Governor has called for a 4-phased business approach toward reopening. The 4-phases and business sectors included in […]
