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The New York Prompt Pay Act: An Underutilized Tool for Getting Your Client Paid

Monday, September 9, 2013, 6:00pm - 9:00pm

Registration for this course is now closed.

Intended Audience:

Click Here to download September Orderform

Location: 2nd floor auditorium

Course ID: C09092013

Number of Sessions: 1

Credits: 3 NJ Credits: 3 General
3 NY Credits: 3 PP; Transitional and Non-transitional

Course Description:

Learn about New York’s Prompt Payment Act, designed to expedite payments for construction work on private projects pursuant to a construction contract. Our panel of experts will address such issues as:

  • Application of the Law
  • Valid Reasons for Disapproval of Invoices
  • What an Owner/Contractor Can Withhold
  • Remedies for Late Payment
  • Legality of the Statute’s Mandatory Arbitration Provision
  • The Scope of the Arbitration and What AAA Rules Apply
  • The application of the statue where the parties have provided for binding arbitration of all disputes arising out of the contract.
  • Whether a contractor or subcontractor may commence a proceeding under CPLR 3213 Summary Judgment In Lieu of Complaint seeking payment of an invoice to which no timely objection has been made ?
  • The interplay between GBL 757 (1) and General Obligations Law 5-140

Faculty:

Program Co-sponsors: NYCLA’s Construction Law and Arbitration & ADR Committees

Faculty: Neal Eiseman, Goetz Fitzpatrick LLP; Henry L. Goldberg, Goldberg & Connolly; Michael Marra, American Arbitration Association; Robert MacPherson, Gibbons P.C.

Moderstor: Joel Sciascia, Pavarini McGovern LLC


 

 

 

 

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