New York

Located in the Northeastern portion of the United States, and in the Second Federal Circuit, New York is a state that often sets precedent across the country with its court decisions as well as its legislation and regulations. It is the fourth most populous state in the United States and was one of the 13 original colonies. It was admitted as the eleventh state to the union on July 26, 1788. With 29 votes in the Electoral College, the state is highly prominent and influential in national elections.

 

New York City is home to nearly 40% of the state’s residents and is the most populous city in the US. The city is a premier gateway for legal immigration into the US; NYC is also home to the United Nations Headquarters. It has often been referred to as the media, financial, and cultural capital of the world, and the world’s most economically-powerful city.

 

Bordered by New Jersey and Pennsylvania, New York has a very diverse population. The state shares a maritime border with Connecticut and Rhode Island, and an international border with Canada. New York’s education system is comprised of over 200 public colleges and universities, including Columbia University, Cornell, New York University, and Rockefeller University; all which have been ranked in the top 35 universities in the world.

 

New York is known worldwide as a cultural center, and for many dangerous incidents which have occurred throughout its history. From the World Trade Center (911 attacks) on September 11, 2001, where two planes were hijacked and flew into the Twin Towers, to the devastation from Hurricane Sandy in 2012, several natural disasters, and terrorist attacks have been plotted in the State, namely its most prominent city, New York City. Heightened security and police forces are often present, especially during major events in the state.

New York State Government consists of a judicial, an executive and a legislative branch mirroring the federal government. New York has had four constitutions since the original colonial charter was replaced in 1777.  The most recent was in 1894; however, there was a constitutional convention as recently as 1967, however, those provisions and amendments were not adopted by the New York electorate.

 

The Executive branch consists of the elected positions of Governor, Lieutenant Governor,  Attorney General and Comptroller, with over 100 state agencies and 20 departments.  Regulations are compiled in the New York Codes, Rules and Regulations and published by the New York Department of State.  The Legislative branch of New York includes the New York State Senate and the New York General Assembly, with powers and procedures again mirroring the federal government.

 

The New York Unified Court System is overseen by the Chief Judge of the State of New York in concert with the Chief Administrative judge and the Office of Court Administration with other New York agencies playing a smaller role.

 

The New York State Supreme Court has general jurisdiction in civil cases across New York and criminal cases in New York City.  The Appellate Division of the Supreme Court hears appeals, and the Court of Appeals, that sits in Albany is the highest court in the state.  Individual county courts hear felony criminal cases, and New York Civil Court and New York Criminal Court hear cases around the state. 

The National Law Review covers news, legislation, and litigation from New York. From state regulations on data protection and cybersecurity, same-sex marriage, to employment law, disputes within the workplace and FMLA legislation, are a few of the stories readers will find on the site. Agency news from the NLRB, litigation dealing with social media/online media, budget bills, and the NYSE/world markets, are among the many topics visitors will find on the National Law Review.

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Jan
26
2022
New York Proposes Significant Regulation for Fashion Industry: The 'Fashion Sustainability and Social Accountability Act' Katten
Jan
17
2024
New York Will Soon Require Merchants to Provide Additional Credit Card Surcharge Disclosures Katten
Oct
11
2013
New York Stock Exchange Proposes New Rules to Harmonize Quantitative Continued Listing Standards and Modify Reverse Merger Listing Requirements Katten
Mar
26
2024
New York Attorney General Sues JBS for Alleged Greenwashing Katten
Oct
28
2014
Better Culture; Accountants; London Whale; Asset-Backed Securities; Collusive Activity; Cybersecurity - Bridging the Week: October 20-27, 2014 [VIDEO] Katten
Dec
12
2014
New York Department of Taxation and Finance Issues Tax Guidance on Virtual Currency Transactions Katten
Jul
8
2015
New York BitLicense Regulations Virtually Certain to Significantly Impact Transactions in Virtual Currencies Katten
Dec
8
2017
CFTC Releases Rule Enforcement Review of the Chicago Board of Trade, Chicago Mercantile Exchange, Commodity Exchange, Inc. and New York Mercantile Exchange, Inc. Katten
May
8
2020
New York Proposes New Rules to Modernize Securities Filings Affecting Private Funds and Significant Exam and Registration Requirements on "Finders" Katten
Apr
23
2021
New York City's Article XI Real Property Tax Exemption Program: Providing Attractive Real Property Tax Benefits for Multi-family Properties Katten
Apr
26
2013
Southern District of New York (SDNY) Imposes Second Highest Penalty Under Foreign Corrupt Practices Act Katten
Aug
30
2013
SEC Requires Admission of Wrongdoing as Part of Settlement Katten
Aug
1
2019
New York Shields Consumer Data With Broader Breach Notification, Security, and Identity Theft Protection Laws Katten
May
29
2020
NYC Law Renders Some Commercial Lease Guarantees Unenforceable Katten
Aug
7
2020
The Wait is Over: New York Department of Financial Services Files First Enforcement Action Under Cybersecurity Regulation Katten
Apr
9
2021
UPDATE: Proposed Taxes on Mezzanine and Preferred Equity Financing and "Pied-à-Terre" Taxes Not Included in Final New York Budget Bill Katten
May
26
2021
New York Expands Liability Provisions for New York Real Estate Transfer Tax Katten
Jan
12
2023
UPDATE: Proposed Taxes on Mezzanine and Preferred Equity Financing Resurface in New York Legislature Katten
Oct
14
2013
Admissions of Wrongdoing in SEC Settlement Lead to Ban From Managing Any New York Licensed Insurer Katten
Feb
24
2014
The New York Non-Profit Revitalization Act of 2013 – Important Changes Affecting New York Nonprofit Entities and Charitable Trusts Katten
May
11
2014
Federal Financial Institutions Examination Council (FFIEC) Member Agencies and State of New York to Focus Attention on Cybersecurity Katten
Dec
19
2014
Conference of New York State Bank Supervisors Issues Draft Model Regulatory Framework on Virtual Currency Katten
Jun
19
2020
SEC, NYSE Updates: Reg BI and Form CRS; Partial Floor Re-Opening Katten
Jul
22
2020
New Empire State of Mind? Potential Easing of Restrictions for New York Virtual Currency Business Licenses Katten
Dec
10
2012
Former Hedge Fund Founder Ordered to Pay $5 Million for Securities Law Violations Katten
Apr
18
2024
NYDFS Cybersecurity Regulation Deadlines Approaching on April 15 and April 29 Katten
Feb
2
2014
Shareholder Derivative Suit Dismissed for Failure to Show Demand Futility Katten
Dec
20
2014
DFS Superintendent Lawsky Discusses Revised BitLicense Framework Katten
Sep
21
2018
What Investors Need to Know About the New $6.2 Billion Visa, Mastercard Settlement Katten
Mar
29
2021
New York State Lawmakers Consider New Taxes on Mezzanine and Preferred Equity Financing, Owners of Second "Pied-à-Terre" Homes in Bid to Cover Budget Gap Katten
May
31
2023
NY Attorney General Proposes to Increase Obligations on Crypto Businesses Operating in NY or with NY Residents Katten
Jul
25
2014
SEC Settles Third-Party Insider Trading Claim Against New York Investor Relations Executive Katten
Jul
15
2019
Bridging the Week by Gary DeWaal: July 8 – 12, and July 15, 2019 (Crypto Custody; An International Exchange and Truth; One + One = Two) Katten
Jun
19
2020
NYSE Proposes Rule Changes Regarding the Partial Re-Opening of the Trading Floor Katten
Dec
13
2013
US District Court in the Southern District of New York (SDNY) Holds No Attorney-Client Privilege Applies to Communications With In-House Legal Department in China Katten
 

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