New York's Guaranty Law Continues to Divide Opinion

This article discusses the recent developments surrounding the constitutionality of New York's Guaranty Law. In particular, we address the Southern District's view that the statute is unconstitutional and the splintered view of the statute's constitutionality expressed by New York State courts.

6 minute read April 01, 2024 at 12:11 AM
By
Matthew J. Schenker and Joshua Kopelowitz
New York's Guaranty Law Continues to Divide Opinion

In our article in the October 2022 issue, we discussed NYC Administrative Code §22-1005 (the Guaranty Law), which, under certain conditions, canceled the obligations of guarantors of commercial leases. This article discusses the recent developments surrounding the constitutionality of the statute.

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