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New York City’s FARE Act In Court: Whether It’s “Fair” Is Still Under Review
In late 2024, the City Council upended the New York City rental markets when it passed the Fairness in Apartment Rental Expenses (FARE) Act (the Act), which, in part, prevents a real estate broker who “publishes” a real estate listing or who enters into a listing agreement with a landlord from seeking payment of their brokerage fee from the prospective tenant. The real estate industry — led by the Real Estate Board of New York (REBNY), the New York State Association of REALTORS® (NYSAR), real estate brokerage firms who specialize in rental listings, and certain landlords — sued the City and the Department of Consumer and Worker Protection Commissioner, arguing the law is unconstitutional and preempted by state statute.
On June 10, 2025, however, U.S. District Judge Ronnie Abrams issued an Opinion in REBNY v. City of New York denying plaintiffs’ request for an injunction and dismissing their First Amendment and Preemption challenges, while allowing the claim under the Contracts Clause to proceed. That ruling allowed the Act to take effect on June 11, 2025. This article analyzes the court’s decision, its impact, and what happens next.
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Bankruptcy Sales: Finding a Diamond In the Rough
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.
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
A Lawyer's System for Active Reading
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.
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.
The DOJ's Corporate Enforcement Policy: One Year Later
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.