Knowledge Library

New York City’s Guaranty Law Struck Down as Unconstitutional in Recent Federal Court Decision

MSF Real Estate Partner & Co-Chair, Scott Newmark in collaboration with Law Clerk, Michael Forlini summarize New York City’s Guaranty Law in this client alert- On March 31, 2023, United States District Judge Ronnie Abrams of the Southern District of New York held that New York City’s Guaranty Law, which provided that personal guaranties related to certain restaurant and retail commercial leases are unenforceable, violated the Contracts Clause of the United States Constitution.

To read the full client alert, please click here. 

Scott Newmark

Scott A. Newmark
Partner | Co-Chair, Commercial Real Estate
(212) 655-3509 |

In Collaboration with:

Michael D. Forlini
Law Clerk | Commercial Real Estate
(646) 860-3134 |