Filing a lien can be a daunting task, ensure it is done correctly and avoid loss of lien rights.
New York has had a Mechanic's Lien Law since the 19th Century. Over time, it has evolved somewhat, but is value as a tool for contractors is mixed. It provides a source of funds to pay contractors, but it comes with strict deadlines and other constraints. The NY Prompt Pay Act has supplemented the Lien Law and in certain circumstances is preferable to the Lien Law for contractor claims. This Program will provide a review of the basic current developments in the Lien Law, consider the pros and cons of lien foreclosure actions and the Prompt Pay Act, and assist potential parties in a lien situation on filing strategies, frustrating lienors, and defenses to lien claims.
Agenda
Faculty
Carol A. Sigmond
Greenspoon Marder LLP
- Partner in the New York office of Greenspoon Marder LLP
- Concentrates her practice on construction industry matters, including contract preparation, mediation, litigation, suretyship, bid protests, appeals, and arbitration
- Extensive experience in litigation of construction disputes for public works and buildings in both the public and private sectors
- Experienced mediator and is on the New York County Supreme Court Commercial Division Roster of Volunteer Mediators and the American Arbitration Association’s Roster of Construction Industry Arbitrators
- Former President of the New York County Lawyers’ Association, former Vice President of the New York State Bar Association for the 1st Judicial Department, and member of the New York Building Congress, GCA New York, SCL North America, CLSA, ABA, New York State Bar Association and New York County Lawyers Association
- Frequent speaker and author on topics relating to Construction Law
- J.D. degree, The Catholic University of America School of Law; B.A. degree, Grinnell College
- Can be contacted at (212) 524-5074 or [email protected]
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