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Gauranty Law

Court Rules New York City’s ‘Guaranty Law’ is Unconstitutional

April 5, 2023 by Calin Dixon

The Bottom Line The Guaranty Law provided protection to personal guarantors of commercial leases in New York City. However, a New York federal court decided on March 31, 2023, that the Guaranty Law violates the U.S. Constitution’s Contracts Clause.Commercial landlords and tenants in New York City Continue Reading

Alert - April 5, 2023

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