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Parker McCay Blog
October 24, 2019
Has Your Business Recently Consulted an Attorney?

Multi-national companies often maintain a team of in-house attorneys to keep abreast of changes in the law and take appropriate actions to protect the best interest of the company. On the other hand, small to mid-sized businesses choose to spare the resources as an in-house legal department can be expensive.

By Natalia P. Teekah, Yin Zhou on October 24, 2019
SRRA 2.0 and the Direct Oversight Program – Important Information for Prospective Purchasers

In a prior blog post we examined recent changes to New Jersey Site Remediation Reform Act ("SRRA") stemming from the passage of Assembly Bill A-5293. This new law, colloquially known as "SRRA 2.0," makes a few important changes to New Jersey's site remediation laws that may impact clients involved in purchase-and-sale or other property transfer transactions.

By Susan S. Hodges on October 4, 2019
Boards of Education Can No Longer Pay Teachers for Union-Only Work

Last month, the Appellate Division determined that provisions in a teachers' union contract that allowed two teachers to collect their full pay and benefits for days when they did not teach but instead performed union duties were unenforceable.

By Christopher R. Sullivan on September 30, 2019
Due Diligence Issues in Commercial Real Estate Transactions, Part II: Impacts of a Tax Sale Certificate on Property Ownership

In Part I of this series, we examined what Tax Sale Certificates ("TSC") were and how they are acquired in New Jersey. In this Part II, we will explore what a holder of a TSC can do to maintain priority lien position on the property as well as how it can acquire title to the property in question. 

By Susan S. Hodges on September 24, 2019
The U.S. Department of Labor Announces Final Rule to Make More American Workers Eligible for Overtime Pay under the Fair Labor Standards Act (FLSA).

The U.S. Department of Labor announced today a final rule that updates the FLSA overtime regulations. The rule updates the earnings thresholds necessary to exempt executive, administrative, or professional employees from the FLSA's minimum wage and overtime pay requirements. 

By Anand A. Acharya on September 18, 2019
Why Simple Agreements for Future Equity (SAFEs) are Not Always Safe

Entrepreneurs have a myriad of options for raising capital for their early-stage businesses including bootstrapping, crowdfunding, issuance of common stock, and issuance of convertible notes.

September 9, 2019
Financing Your Business: Part 2 – Equity Financing

Businesses often require additional capital to start, grow, or manage business operations. To satisfy this need, businesses can pursue a variety of financing options. 

By Jeffrey D. Winitsky on August 28, 2019
Changes to Timing for Payment of Non-Residential Tax Appeals by Municipalities  

On August 9, 2019, Governor Phil Murphy Assembly Bill A-2004, (the "Bill"), which now permits municipalities in New Jersey to pay non-residential property tax appeal refunds over a period of three years.   

By Yin Zhou, Natalia P. Teekah on August 27, 2019
SRRA 2.0: What You Need to Know about Changes to New Jersey's Site Remediation Program

In May of 2009, Governor John Corzine signed the Site Remediation Reform Act ("SRRA") into law, enacting sweeping changes to New Jersey's site remediation program. The Act created the Licensed Site Remediation Professionals ("LSRP") Program and imposed strict reporting requirements and an affirmative obligation to remediate contaminated sites.

By Christopher R. Sullivan on August 22, 2019
Due Diligence Issues in Commercial Real Estate Transactions, Part I:  Acquisition of a Tax Sale Certificate

New Jersey law requires property owners to pay property taxes and other municipal charges relating to their real estate holdings. These charges can include water, sewer and other special assessments or utilities impacting the property.

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