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Richard Shore is counsel in our Affordable Housing and Real Estate practice. Richard has over a decade of experience in complex commercial litigation, dispute resolution, regulatory compliance, and government investigations. Richard has experience representing a wide variety of parties, including but not limited to multinational corporations, developers, boards of directors, shareholders, landlords, and tenants in real estate, corporate, and securities litigations, governmental investigations, and regulatory compliance matters.
I focus on complex commercial disputes and regulatory compliance, with a particular focus on real estate and cooperative and condominium law. I have extensive experience with the Martin Act—New York’s blue sky law, the New York Executive Law, commercial lease disputes, and the rent stabilization laws governing residential and commercial properties. I handle litigations, government investigations, dispute resolution, and regulatory compliance matters.
I continuously rely on the experience I gained as an assistant attorney general in the enforcement section of the Real Estate Finance Bureau at the New York State Attorney General’s Office. In that role, I led complex investigations and enforcement proceedings under the New York’s Business Corporation Law, General Business Law, and the Executive Law where I regularly issued subpoenas, took testimony, drafted litigation papers, and appeared in State court in proceedings involving various real estate matters on behalf of the State of New York. My experience as a government regulator is coupled with over a decade of experience in private practice handling dispute resolutions, litigating in New York State and Federal courts, appearing before arbitration tribunals, and conducting internal investigations for private companies to avoid litigation.
With interest rates rising and a potential recession looming, coupled with construction cost increases due to inflation and other world events, disputes are on the rise, whether between parties to a transaction or former partners. The changes in the economic realities of many businesses and shifts in markets have resulted in contractual disputes regarding performance and payment. Every day, we are faced with difficult questions relating to the future of these relationships, from providing advice to landlord and tenant clients relating to commercial lease disputes arising out of the long-term economic impacts of the pandemic to construction litigation and construction defect disputes to business term renegotiations and business divorces.
Over the last several years, we have also seen increased government regulation and investigations and enforcement of regulations, particularly in the New York real estate sector.
This backdrop is coupled with the need for developers, landlords, boards, and tenants to rely on increasingly specialized counsel to help navigate their legal rights and obligations as a result of the 2019 changes to the rent and conversion laws, the effects of which are still being understood and litigated. As the New York housing market adjusts to the sweeping changes in rent and conversion laws, developers, landlords, tenants, cooperatives/condominiums, and shareholders/unit owners will need to rely on increasingly specialized counsel to understand and navigate their rights and legal obligations in the new environment.
Creative thinking and cooperation among government agencies, tenants, and landlords will be necessary for all parties to succeed in this economic slowdown and “post-pandemic” environment. Unfortunately, collaboration is often difficult, and parties will resort to the courts to resolve issues, and the government will use its vast enforcement powers to ensure new laws are followed. I stand ready to represent my clients on these matters. Owners and developers would also be wise to review their internal practices and policies to ensure they comply with new laws and regulations, especially in light of the shifting priorities of state government enforcement agencies and increased resources devoted to enforcement by federal counterparts.
I look forward to working with my clients on best practices to avoid litigation and government scrutiny.
U.S. District Court, Eastern District of New York
U.S. District Court, Southern District of New York
Seattle University School of Law, J.D.
University of Wisconsin-Madison, B.A.
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