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This author previously suggested consideration of amending CPLR ' 6501. See Sharrow, “A Possible Need to Amend CPLR ' 6501,” New York Real Estate Law Reporter, Vol. 19, No. 11, Oct. 2005, p. 1, questioning what happens to a properly filed Notice of Pendency (the “N/P”) when the plenary action in which the N/P was filed is converted into a landlord-tenant summary proceeding to recover real property (the “S/P-R”). The article herein addresses an additional reason for amending CPLR ' 6501, to wit: whether a properly filed N/P in a mortgage foreclosure plenary action binds to its results a later created interest in the subject realty evidenced by any type of lease or other possessory interest agreement for a term of less than three (3) years.
Presently, CPLR ' 6501 disallows filing of a N/P in any S/P-R, but does permit a N/P in any landlord-tenant or other plenary action seeking possession of realty. Both involve claims of use, possession or enjoyment of demised premises, but only the plenary action permits filing a N/P. The prohibition against filing a N/P in a S/P-R applies whether the claimed entitlement to recover/enjoy/possess the subject realty is based upon an oral or written agreement for any interest in the real estate and/or merely an implied agreement for just a one month time period; or, if not written, having the maximum duration allowable by the applicable Statute of Frauds. Gen'l Obl. L. ' 5-703.
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
The parameters set forth in the DOJ's memorandum have implications not only for the government's evaluation of compliance programs in the context of criminal charging decisions, but also for how defense counsel structure their conference-room advocacy seeking declinations or lesser sanctions in both criminal and civil investigations.
This article discusses the practical and policy reasons for the use of DPAs and NPAs in white-collar criminal investigations, and considers the NDAA's new reporting provision and its relationship with other efforts to enhance transparency in DOJ decision-making.
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.