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Program
Description
Protecting a Commercial Tenant's Security Deposit from Bankruptcy - A Novel Approach
Provided By:
New York Law Journal
Approved for CLE credit in:
NY
The recessionary economy has resulted in the downgrade of the creditworthiness of many once financially healthy commercial tenants. An unprecedented number of these tenants have filed for bankruptcy, and the end to this disturbing trend seems nowhere in sight. Accordingly, it is more important than ever that a commercial tenant's security deposit be legally structured as best as possible to withstand the consequences of a tenant bankruptcy. The usual method landlords have used for structuring tenant security deposits can be vulnerable in a bankruptcy setting. This program presents a novel legal structure for better protecting the landlord's rights in a tenant's security deposit from the legal adversities stemming from the tenant's bankruptcy.
Agenda
No agenda is available for this program.
CLE Credit
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This program is has been approved for credit in NY |
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Panelist
Biographies
Benjamin J. Kursman
Partner
Herrick Feinstein
New York, NY
Benjamin F. Kursman concentrates his practice in all aspects of real estate law, including complex financing, joint ventures, sales, acquisitions, development, leasing and construction contracts.
Benjamin is a respected author in the area of commercial real estate. His recent contributions include in-depth articles in industry publications including The New York Law Journal, Commercial Lease Law Insider, Real Estate New York's Property & the Law column and the Real Estate Alert.
Prior to joining Herrick, Ben worked at Baer, Marks & Upham. He graduated Temple University School of Law, magna cum laude, in 1977, and received the American Jurisprudence Award for Conflicts of Law. Prior to law school, Ben studied at the Wharton School of Business where he graduated magna cum laude.
Recent noteworthy representations include Artimus Construction which involved the acquisition of vacant land from a Harlem church for the development of 161 condominium units and a for-profit parking garage in exchange for building and selling back to the church a sanctuary and income producing apartments.
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Protecting a Commercial Tenant's Security Deposit from Bankruptcy - A Novel Approach
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