The New York City Council just set the tax rates for the 2019/20 tax year. All tax rates increased except Tax Class 2 apartment buildings. The New York City Department of Finance (DOF) recalculated the 2019/20 taxes using the new rates and is now sending out the new tax bills for payment due January 1, […]
The U.S. Department of Commerce today announced that Akrivis Law Group, PLLC’s client Technology Links Pvt. Ltd of Pakistan will be removed from its Entity List. This ends an over year-long period under which the prominent company faced serious challenges threatening its 30-year existence. This designation effectively placed a prohibition on the sale and transfer […]
How can an apartment that’s selling for $500,000 or $1 million have income restrictions? This is an issue that many HDFC [Housing Development Fund Corporation] cooperatives face. They are special-purpose co-ops that were created under the New York State Private Housing Finance Law, with the purpose of providing homeownership opportunities for low-to-moderate-income New Yorkers. Some […]
Oswald Jansen of Resolución B.V. and Teresa N. Taylor of Akrivis Law Group, PLLC met up at Chez Billy Sud in Georgetown, Washington D.C. this week and enjoyed a fabulous working lunch discussing their practices. It’s always great to hear about our members meeting up, thank you for sharing this photo with us. If you are travelling and […]
The sixth and final season of Silicon Valley premiered on HBO on October 27th, 2019. One cannot talk about Silicon Valley without mentioning the character Dinesh Chugthai played by Kumail Nanjiani. Nanjiani was born in Karachi, Pakistan in 1978 where he grew up until the age of 18 when he moved to the United States to […]
Tighter Regulations Needed for the Global Data Tsunami. As we enter the age of artificial intelligence and the Internet of Things, our personal data matters more than ever. By the […]
Read moreYour fellow members; Akrivis Law Group, PLLC are pleased to announce that they have expanded their membership with IR Global by taking on a new practice area and jurisdiction. This new position adds further strength to their membership and offers further support for fellow members in New York. Teresa N. Taylor will be the go-to member […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Scott Sambur of Seward & Kissel LLP. Scott has joined IR as our exclusive Wills & Estates Member in US-New York. Scott Sambur is a partner in the Trusts & Estates group at Seward & Kissel LLP. Scott represents fiduciaries and individuals […]
In Kuzmich et al. v 50 Murray Street Acquisition LLC, 34 N.Y. 3d 84, the Court of Appeals held that apartments in buildings receiving tax benefits under Real Property Tax Law (RPTL §421-g are not eligible for luxury deregulation under the Rent Stabilization Law (RSL), unlike most other rent-stabilized apartments. To appreciate the importance and […]
French Montana’s ‘Unforgettable’ swept the nation as one of the biggest Hip Hop songs of the year in 2017 with his album Jungle Rules putting him on the world stage as a musician. Many people know his name, but do not know his immigration story. Karim Kharbouch is his real name, and he was born […]
Office buildings, hotels, and retail properties were set to enjoy a 2.2% drop in property tax rates this year. But under a new law, commercial buildings’ taxes will instead increase slightly so that 1- to 3-family homeowners’ taxes won’t increase as much. Commercial buildings really could have used the tax break. Retail has suffered through […]
By Sabina Mollot Five months into the cityʼs new rent regulations, the industry continues to digest the sweeping changes to how landlords can and can’t raise rents. At a seminar hosted by the New York Bar Association last week, panelists argued over the pros and cons of the legislation, with freshman New York State Senator […]
