New York State’s Prompt Payment Act provides a potential workaround for the invalid pay-when-paid provisions that appear in construction contracts. The New York State's Appellate Division's decision in Bank of America v. ASD Gem Realty narrows, if not closes, that loophole.
In a September 22, 2022 decision, the U.S. District Court for the Southern District of New York held a commercial general liability policy’s war and financial services exclusions barred.
Appraisal and arbitration are similar – and different. Are they so similar that appraisal can be called a form of arbitration, or are they so different that appraisal is a thing unto.