The officers and directors of a corporation don’t only have decision-making authority — they carry fiduciary duties. In the corporate arena, a fiduciary duty is a legal obligation officers and directors have to the shareholders. Specifically, they have a duty to act...
Commercial real estate disputes are not uncommon — and disagreements over contracts, landlord tenant matters, and construction can quickly escalate. Importantly, court isn’t the only option available to resolve these types of conflicts. In many cases, arbitration is...
A partition action is a legal mechanism that can be used to resolve disputes between co-owners of a property when they cannot agree what to do with it. This type of lawsuit can be used in both commercial and residential real estate matters when there are...
In business partnerships, each partner owes the others a fiduciary duty. They have a legal obligation to act in good faith, with loyalty and care. However, business partners can sometimes break their promises to the company — and the other partners — by failing to...
If you own a business on Long Island, there will inevitably come a time when you need to collect on a debt — or defend against a creditor claim. Whether you’re owed money or owe it, a debtor/creditor dispute can have a significant impact on your cash flow, operations,...
Since no two pieces of real estate are identical, it can often be difficult to find a comparable property if a party backs out of a deal. In these situations, monetary damages may not be sufficient to compensate the party who was harmed by the other party’s breach....
Piercing the corporate veil is an equitable remedy used in commercial litigation when fairness would not be achieved by allowing liability to rest solely with the corporation. Although corporations exist independently from their owners, personal liability can still be...
Arbitration is a form of alternative dispute resolution that is commonly used to settle business disputes. It is generally faster and more cost-effective than litigation — and it can help avoid the negative publicity that can come with a lengthy battle in the...
Disputes concerning commercial real estate matters are not uncommon on Long Island. Whether you lease your commercial space or own it, a real estate dispute can significantly disrupt business operations, deplete your resources, and impact your bottom line. As a...
