On Friday, November 12, Bronx Borough President Ruben Diaz Jr. and the Bronx Overall Economic Development Corporation (BOEDC) hosted a special “Legal Review Forum” on the Small Business Survival Act, City Council Int. 0154-2010, to evaluate the legal arguments and the supportive case law dealing with the constitutionality of the proposed law.
If passed, the Small Business Survival Act would create a process of arbitration in commercial lease negotiations in New York City, creating rights for small business owners in the lease process that do not currently exist. The forum participants discussed if the Small Business Survival Act is fully constitutional and legally sound to withstand likely court challenges, and recommended changes that would make it stronger to endure those possible court challenges.
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