<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:m="http://schemas.microsoft.com/office/2004/12/omml" xmlns="http://www.w3.org/TR/REC-html40">
<head>
<meta http-equiv="Content-Type" content="text/html; charset=utf-8">
<meta name="Generator" content="Microsoft Word 14 (filtered medium)">
<!--[if !mso]><style>v\:* {behavior:url(#default#VML);}
o\:* {behavior:url(#default#VML);}
w\:* {behavior:url(#default#VML);}
.shape {behavior:url(#default#VML);}
</style><![endif]--><style><!--
/* Font Definitions */
@font-face
{font-family:Calibri;
panose-1:2 15 5 2 2 2 4 3 2 4;}
@font-face
{font-family:"Arial Black";
panose-1:2 11 10 4 2 1 2 2 2 4;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{margin:0in;
margin-bottom:.0001pt;
font-size:12.0pt;
font-family:"Times New Roman","serif";}
a:link, span.MsoHyperlink
{mso-style-priority:99;
color:blue;
text-decoration:underline;}
a:visited, span.MsoHyperlinkFollowed
{mso-style-priority:99;
color:purple;
text-decoration:underline;}
p
{mso-style-priority:99;
mso-margin-top-alt:auto;
margin-right:0in;
mso-margin-bottom-alt:auto;
margin-left:0in;
font-size:12.0pt;
font-family:"Times New Roman","serif";}
p.msonormal0, li.msonormal0, div.msonormal0
{mso-style-name:msonormal;
mso-style-priority:99;
mso-margin-top-alt:auto;
margin-right:0in;
mso-margin-bottom-alt:auto;
margin-left:0in;
font-size:12.0pt;
font-family:"Times New Roman","serif";}
span.EmailStyle19
{mso-style-type:personal;
font-family:"Calibri","sans-serif";
color:#1F497D;}
span.EmailStyle22
{mso-style-type:personal-reply;
font-family:"Calibri","sans-serif";
color:#1F497D;}
.MsoChpDefault
{mso-style-type:export-only;
font-size:10.0pt;}
@page WordSection1
{size:8.5in 11.0in;
margin:1.0in 1.0in 1.0in 1.0in;}
div.WordSection1
{page:WordSection1;}
/* List Definitions */
@list l0
{mso-list-id:960844822;
mso-list-template-ids:921855670;}
@list l1
{mso-list-id:1692027283;
mso-list-template-ids:-2108100520;}
ol
{margin-bottom:0in;}
ul
{margin-bottom:0in;}
--></style><!--[if gte mso 9]><xml>
<o:shapedefaults v:ext="edit" spidmax="1026" />
</xml><![endif]--><!--[if gte mso 9]><xml>
<o:shapelayout v:ext="edit">
<o:idmap v:ext="edit" data="1" />
</o:shapelayout></xml><![endif]-->
</head>
<body lang="EN-US" link="blue" vlink="purple">
<div class="WordSection1">
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Hello Gotham.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">I do hope this e mail finds everyone in our community safe and healthy.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">As many of you know, Anderson Kill\u2019s Coop and Condo Practice Group specializes in representation of Coop, Condo and HOA Boards.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">I am pleased to share with you our most recent client newsletter entitled \u201cCoronavirus Containment: The Board\u2019s Role.\u201d (See Below).<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">I hope some of you find our counsel helpful.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Remain Safe!<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<div>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif"">If you are active on LinkedIn, please go to the
<a href="https://www.linkedin.com/company/andersonkilllaw/?viewAsMember=true">AK LinkedIn</a> page and
<i>\u201cLike, Comment, Share<span style="color:#1F497D">.</span>\u201d<o:p></o:p></i></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<div class="MsoNormal" align="center" style="text-align:center">
<hr size="2" width="100%" align="center">
</div>
</div>
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="650" style="width:487.5pt">
<tbody>
<tr>
<td width="240" valign="bottom" style="width:2.5in;padding:0in 0in 0in 0in">
<p class="MsoNormal"><span style="font-size:7.5pt;font-family:"Arial","sans-serif"">If you can\u2019t read this email,
<a href="https://mailworks.priworks.com/t/y-e-uikdgt-tkikildthu-e">
<span style="color:#333333">try the web version</span></a>. <o:p></o:p></span></p>
</td>
<td width="410" style="width:307.5pt;padding:0in 0in 0in 0in"></td>
</tr>
<tr>
<td colspan="2" style="padding:0in 0in 0in 0in">
<p class="MsoNormal"> <o:p></o:p></p>
</td>
</tr>
<tr>
<td colspan="2" style="padding:0in 0in 0in 0in">
<p class="MsoNormal"><b><span style="font-size:13.5pt;font-family:"Arial","sans-serif";color:#0075C5"><img border="0" id="_x0000_i1026" src="http://i1.cmail20.com/ei/y/09/C1E/97F/054549/csimport/ccre-advisor-banner_0.gif" alt="Co-op, Condo and Real Estate Advisor"><o:p></o:p></span></b></p>
</td>
</tr>
</tbody>
</table>
<p class="MsoNormal"><span style="display:none"><o:p> </o:p></span></p>
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="650" style="width:487.5pt">
<tbody>
<tr>
<td style="border-top:solid black 1.0pt;border-left:none;border-bottom:solid black 1.0pt;border-right:none;padding:0in 0in 0in 0in">
<p class="MsoNormal"> <o:p></o:p></p>
</td>
<td colspan="4" style="border-top:solid black 1.0pt;border-left:none;border-bottom:solid black 1.0pt;border-right:none;padding:0in 0in 0in 0in">
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:9.0pt;font-family:"Arial","sans-serif"">March 2020<o:p></o:p></span></p>
</td>
<td style="border-top:solid black 1.0pt;border-left:none;border-bottom:solid black 1.0pt;border-right:none;padding:0in 0in 0in 0in">
<p class="MsoNormal"> <o:p></o:p></p>
</td>
</tr>
<tr>
<td style="padding:0in 0in 0in 0in">
<p class="MsoNormal"> <o:p></o:p></p>
</td>
<td valign="top" style="padding:0in 0in 0in 0in">
<p class="MsoNormal"> <o:p></o:p></p>
</td>
<td valign="top" style="padding:0in 0in 0in 0in">
<p class="MsoNormal"> <o:p></o:p></p>
</td>
<td valign="top" style="background:#FBE6D5;padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:9.75pt"><span style="font-size:9.0pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
<td valign="top" style="background:#FBE6D5;padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:9.75pt"><span style="font-size:9.0pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
<td style="background:#FBE6D5;padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:9.75pt"><span style="font-size:9.0pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
</tr>
<tr>
<td width="10" style="width:7.5pt;padding:0in 0in 0in 0in">
<p class="MsoNormal"> <o:p></o:p></p>
</td>
<td valign="top" style="padding:0in 0in 0in 0in">
<p><img border="0" id="_x0000_i1027" src="http://i2.cmail20.com/ei/y/09/C1E/97F/054549/csimport/share-this_1.gif" alt="Share This"><a href="https://andersonkill.forwardtomyfriend.com/y-tkikildthu-D4668E6F-uikdgt-l-s"><span style="text-decoration:none"><img border="0" id="_x0000_i1028" src="http://i3.cmail20.com/ei/y/09/C1E/97F/054549/csimport/mail_2.png" alt="Forward to a Friend"></span></a><a href="https://mailworks.priworks.com/t/y-l-uikdgt-tkikildthu-r" target="_blank"><span style="text-decoration:none"><img border="0" id="_x0000_i1029" src="http://i4.cmail20.com/ei/y/09/C1E/97F/054549/csimport/linkedinicon_3.png" alt="LinkedIn"></span></a><a href="https://mailworks.priworks.com/t/y-l-uikdgt-tkikildthu-y" target="_blank"><span style="text-decoration:none"><img border="0" id="_x0000_i1030" src="http://i5.cmail20.com/ei/y/09/C1E/97F/054549/csimport/twittericon_4.png" alt="Tweet"></span></a><a href="https://mailworks.priworks.com/t/y-l-uikdgt-tkikildthu-j" target="_blank"><span style="text-decoration:none"><img border="0" id="_x0000_i1031" src="http://i6.cmail20.com/ei/y/09/C1E/97F/054549/csimport/fbicon_5.png" alt="Like!"></span></a><o:p></o:p></p>
<p align="center" style="text-align:center"><span style="font-size:16.5pt;font-family:"Arial Black","sans-serif"">Coronavirus Containment: The Board\u2019s Role</span>
<o:p></o:p></p>
<p align="center" style="text-align:center"><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">By
<strong><span style="font-family:"Arial","sans-serif""><a href="https://mailworks.priworks.com/t/y-l-uikdgt-tkikildthu-t" target="_blank"><span style="color:#333333">Bruce A. Cholst</span></a></span></strong>,
<strong><span style="font-family:"Arial","sans-serif""><a href="https://mailworks.priworks.com/t/y-l-uikdgt-tkikildthu-i" target="_blank"><span style="color:#333333">Deborah B. Koplovitz</span></a></span></strong> and
<strong><span style="font-family:"Arial","sans-serif""><a href="https://mailworks.priworks.com/t/y-l-uikdgt-tkikildthu-d" target="_blank"><span style="color:#333333">Karol S. Robinson</span></a></span></strong></span><o:p></o:p></p>
<p style="line-height:12.75pt"><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">With the coronavirus deemed a pandemic by the World Health Organization, and government at all levels urging community mitigation strategies to slow the spread of
COVID-19, coop, condo and HOA boards need to do their part to prevent transmission within their developments.<o:p></o:p></span></p>
<p style="line-height:12.75pt"><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">While it is incumbent on individual residents to take prudent measures within their units, such as self-isolating if they develop symptoms or learn that they have
been in physical contact with someone else who has developed symptoms, boards are responsible for exercising due care in containing spread of the coronavirus from within common areas and from building staff, as well as for disseminating pertinent information
so that residents can take protective measures of their own. Below we suggest protocols to help boards contain the spread of the coronavirus within their communities, along with possible adjustments to operating procedures to facilitate this objective.<o:p></o:p></span></p>
<p><b><span style="font-family:"Arial","sans-serif";color:#C47125">Protocols for Containment<o:p></o:p></span></b></p>
<p style="line-height:12.75pt"><strong><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">1. Compliance with Governmental Guidelines:
</span></strong><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">The most crucial advice for boards is to comply with governmental guidelines for addressing the coronavirus. Two agencies in particular have issued directives, namely the
<a href="https://mailworks.priworks.com/t/y-l-uikdgt-tkikildthu-h" target="_blank">
<span style="color:#9E6119">Centers for Disease Control and Prevention</span></a> (CDC) and the
<a href="https://mailworks.priworks.com/t/y-l-uikdgt-tkikildthu-k" target="_blank">
<span style="color:#9E6119">NYC Department of Health and Mental Hygiene</span></a>. If buildings are directed by either of these agencies to take particular actions they should comply with alacrity.<o:p></o:p></span></p>
<p style="line-height:12.75pt"><strong><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">2</span></strong><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">.
<strong><span style="font-family:"Arial","sans-serif"">Cleaning Protocols</span></strong>: The NYC Health Department in particular has prescribed a vigorous cleaning and disinfectant protocol for residential buildings. All public areas and high-traffic surfaces,
including elevators, door handles and landings, should receive multiple daily cleanings. High-traffic areas such as laundry rooms should receive special attention in terms of cleaning. Amenities (if left open, contrary to our advice below) should be similarly
cleaned, including gyms, playrooms and swimming pools. Signs should be placed in these areas reminding users to wipe down any surface areas they might have touched. Hand sanitizers should be placed in high-traffic areas such as near mailboxes, elevators, doors
and the concierge desk. Vendors, contractors and delivery persons should be specifically reminded to use the sanitizers.<o:p></o:p></span></p>
<p style="line-height:12.75pt"><em><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">Most importantly from a legal perspective: Logs should be maintained documenting multiple daily cleanings and other cleansing efforts undertaken by staff so that
management\u2019s due diligence can be proved if necessary.</span></em><span style="font-size:10.0pt;font-family:"Arial","sans-serif""><o:p></o:p></span></p>
<p style="line-height:12.75pt"><strong><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">3. Social Distancing Practices:</span></strong><span style="font-size:10.0pt;font-family:"Arial","sans-serif""> To limit unnecessary social contact, boards
might consider temporarily closing non-essential public spaces such as gyms, playrooms, pools and community spaces. Boards should also consider limiting the number of people in an elevator at any given time. Residents should be required to pick up their deliveries
at the building\u2019s entrance to limit non-resident traffic in the hallways. Similarly, sellers\u2019 open houses should be temporarily suspended, although continuation of individual apartment showings seems warranted. The practice of maintaining \u201cconvenience keys\u201d
at the concierge desk should be temporarily suspended. Board meetings and interviews (both admissions and interviews for staff positions) can and should be conducted remotely on a temporary basis. (Gov. Cuomo has just signed an executive order permitting corporate
board meetings to be conducted remotely, through at least April 19.) Annual meetings can and should be adjourned until the pandemic subsides.<o:p></o:p></span></p>
<p style="line-height:12.75pt"><strong><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">4. Restrictions on Non-Essential Staff Repairs:</span></strong><span style="font-size:10.0pt;font-family:"Arial","sans-serif""> In accordance with NYC Health
Department guidelines, staff members should pose two questions before entering a resident\u2019s home:
<o:p></o:p></span></p>
<ol start="1" type="1">
<li class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;line-height:12.75pt;mso-list:l0 level1 lfo1">
<span style="font-size:10.0pt;font-family:"Arial","sans-serif"">Has anyone in the home had a fever, cough and/or shortness of breath?
<o:p></o:p></span></li><li class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;line-height:12.75pt;mso-list:l0 level1 lfo1">
<span style="font-size:10.0pt;font-family:"Arial","sans-serif"">Within the last 14 days, has anyone in the home traveled outside the U.S. or recently had contact with a person suspected or confirmed to be infected with the coronavirus?<o:p></o:p></span></li></ol>
<p style="line-height:12.75pt"><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">If the response is yes to any of these questions and the repair is non-essential, it should be postponed for at least 14 days. If the repair cannot be postponed,
the affected individual should remain in a separate room with the door closed for the duration of the repair or, if there is no separate room, be required to maintain a six-foot distance from the staff member and wear a face mask for the duration of the repair.<o:p></o:p></span></p>
<p style="line-height:12.75pt"><strong><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">5. Dealing with Suspected COVID-19 Exposure or Disease:</span></strong><span style="font-size:10.0pt;font-family:"Arial","sans-serif""> If management becomes
aware, through self-identification or otherwise, that a resident has been exposed to the coronavirus or has COVID-19 (the disease caused by the coronavirus), the resident should be spoken to immediately to procure a commitment of self-quarantine and to ascertain
the protocol for treatment and monitoring they intend to follow during confinement. If the resident is offering anything less than 100% cooperation, management should not hesitate to
<em><span style="font-family:"Arial","sans-serif"">immediately</span></em> notify the NYC Health Department.<o:p></o:p></span></p>
<p style="line-height:12.75pt"><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">If a resident has tested positive for COVID-19, they should commit to following NYC Health Department guidelines for the period of quarantine. That is, if testing
is available, quarantine will continue until the resident and other unit occupants receive two negative tests, 24 hours apart. If testing is not available, quarantine will continue until the resident has had no fever for at least 72 hours \u2014 without use of
fever-reducing medicine \u2014 and other symptoms have improved.<o:p></o:p></span></p>
<p style="line-height:12.75pt"><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">If a resident needs to go to the hospital to visit a COVID-19 patient, arrange for special, scheduled access to the elevator, with thorough disinfection to follow
use. Building staff should manually send the elevator to the resident\u2019s floor and clear a path for entering and exiting the elevator. While hospital visitation is extremely limited at present, that may be changing as testing and protective equipment become
more readily available over time.<o:p></o:p></span></p>
<p style="line-height:12.75pt"><strong><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">6. Disclosure of Identity of Suspected COVID-19 Exposure or Disease:</span></strong><span style="font-size:10.0pt;font-family:"Arial","sans-serif""> In the
event a building resident is either positively identified as having COVID-19 or as being exposed within the preceding 14-day period to someone who has the COVID-19 disease, we believe the board has a fiduciary duty to the other residents to apprise them of
the situation so they have the opportunity to take whatever precautionary measures they deem appropriate.
<o:p></o:p></span></p>
<p style="line-height:12.75pt"><em><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">The identity of the affected resident (including their floor or unit number) must, however, be concealed to avoid violation of privacy laws.</span></em><span style="font-size:10.0pt;font-family:"Arial","sans-serif""><o:p></o:p></span></p>
<p style="line-height:12.75pt"><strong><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">7. Dealing with Staff:</span></strong><span style="font-size:10.0pt;font-family:"Arial","sans-serif""> Staff should be thoroughly trained in the cleansing
protocols detailed above and instructed to log and document their due care to avoid legal liability. They should be instructed to stay home in the event of their own illness or in the event any family member has been exposed to or contracts COVID-19, and should
under no circumstances be docked for any such illness. As with residents who contract or are exposed to COVID-19, management should disclose the fact to the building residency immediately while preserving the staff member\u2019s anonymity. Staff members must be
instructed to refrain from physical contact with residents, such as hugging and \u201chigh fives,\u201d no matter what the occasion may be. It is important to note that the mandatory workforce reduction to 25% capacity directed by Gov. Cuomo exempts residential building
staff members.<o:p></o:p></span></p>
<p><b><span style="font-family:"Arial","sans-serif";color:#C47125">Adjustments to Building Operation<o:p></o:p></span></b></p>
<p style="line-height:12.75pt"><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">With the closure of New York City public schools through at least April 20 and restaurants open only for take-out and phone orders, building staff and resources will
likely be taxed to the hilt over the next few months. The problem will become especially acute if there is a building staff shortage due to employees being quarantined or forced to stay home to care for their school-aged children. In addition to the foregoing
measures concerning cleaning protocols, closing of public facilities and other social distancing provisions, staff management, and approaches to admissions and governance matters, boards might consider some of the following adjustments to address the increased
operational burdens.<o:p></o:p></span></p>
<p style="line-height:12.75pt"><strong><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">1. Food, Package and Dry-Cleaning Deliveries</span></strong><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">: In addition to social distancing
considerations, the increased burden on building staff strongly supports a mandate requiring residents to pick up their own deliveries and dry cleaning in the building\u2019s lobby until the pandemic subsides.<o:p></o:p></span></p>
<p style="line-height:12.75pt"><strong><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">2. Suspension of Apartment Renovations and Non-Essential Building Projects:
</span></strong><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">Apartment renovations and non-essential construction jobs obviously consume a significant amount of building resources. Boards should seriously consider a suspension of this type
of work until the pandemic subsides.<o:p></o:p></span></p>
<p style="line-height:12.75pt"><strong><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">3. Organization of a Corps of Volunteers:
</span></strong><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">As previously noted, the pandemic may well result in acute shortages of available building staff. Boards might consider proactively organizing a corps of resident volunteers to
perform functions ordinarily performed by building staff, or perhaps to bring deliveries (especially pharmacy deliveries) to residents with limited mobility. Volunteers might also be pressed into service to go shopping for or otherwise assist neighbors with
limited mobility.<o:p></o:p></span></p>
<p><b><span style="font-family:"Arial","sans-serif";color:#C47125">Enforcement of Pandemic-Related Procedures<o:p></o:p></span></b></p>
<p style="line-height:12.75pt"><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">When a board issues its list of pandemic-related measures to shareholders in the form of a letter, it might consider ratification of the measures at its next meeting
to give the provisions the force of house rule, violation of which could be deemed a breach of the proprietary lease in the case of a coop or a violation of condominium bylaws.
<o:p></o:p></span></p>
<p style="line-height:12.75pt"><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">As previously noted, the best means of dealing with a resident who refuses to self-quarantine when such action is appropriate is not through litigation, but rather
through communication with the NYC Health Department.<o:p></o:p></span></p>
<p><b><span style="font-family:"Arial","sans-serif";color:#C47125">Insurance Issues<o:p></o:p></span></b></p>
<p style="line-height:12.75pt"><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">For the past few weeks, Anderson Kill has been fielding a steady stream of calls about insurance coverage for coronavirus-related business income losses and has reviewed
a range of clients\u2019 property insurance policies along those lines. <o:p></o:p></span></p>
<p style="line-height:12.75pt"><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">You might be interested in these key takeaways:
<o:p></o:p></span></p>
<ol start="1" type="1">
<li class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;line-height:12.75pt;mso-list:l1 level1 lfo2">
<span style="font-size:10.0pt;font-family:"Arial","sans-serif"">Although property loss and business interruption coverage require physical loss or damage, the presence of a virus on property may constitute physical damage and trigger coverage.
<o:p></o:p></span></li><li class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;line-height:12.75pt;mso-list:l1 level1 lfo2">
<span style="font-size:10.0pt;font-family:"Arial","sans-serif"">Some policies specifically exclude coverage for losses caused by a virus, but many policies do not exclude such losses; and an exclusion for \u201cpollution,\u201d \u201cfungi\u201d or \u201cbacteria\u201d is not the same thing
as an exclusion for \u201cvirus.\u201d Moreover, even if a policy has an exclusion for virus, it may not necessarily apply to all of a policy\u2019s different extensions of coverage.
<o:p></o:p></span></li><li class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;line-height:12.75pt;mso-list:l1 level1 lfo2">
<span style="font-size:10.0pt;font-family:"Arial","sans-serif"">There will be more and more government orders in the coming days and weeks that may trigger coverage for business income losses under civil authority provisions.
<o:p></o:p></span></li><li class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;line-height:12.75pt;mso-list:l1 level1 lfo2">
<span style="font-size:10.0pt;font-family:"Arial","sans-serif"">Many property policies have \u201ccontingent business interruption\u201d coverage that covers losses where damage from the virus disrupts your supply chain \u2014 even if it occurs far away from your business.
<o:p></o:p></span></li></ol>
<p style="line-height:12.75pt"><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">Bottom line, it is a good idea to take a close look at your insurance policy wording, as well as the circumstances driving your company\u2019s business losses, and make
a careful analysis of whether you have coverage for some or all of those losses. My partners and I are hard at work looking into these important matters and we\u2019re here to answer questions if you or someone you know might have them.<o:p></o:p></span></p>
<p><b><span style="font-family:"Arial","sans-serif";color:#C47125">Anderson Kill\u2019s Response to the Pandemic<o:p></o:p></span></b></p>
<p style="line-height:12.75pt"><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">We as a law firm have taken steps to make sure we can continue to provide you with excellent service despite the disruption created by the coronavirus.<o:p></o:p></span></p>
<p style="line-height:12.75pt"><span style="font-size:10.0pt;font-family:"Arial","sans-serif"">We have great Zoom and Skype capabilities enabling us to meet with you electronically rather than in person. Our IT department can walk you through the process in
the event you require assistance.<o:p></o:p></span></p>
<p><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#333333">»
<a href="https://mailworks.priworks.com/t/y-l-uikdgt-tkikildthu-u" target="_blank">
<span style="color:#333333">Print/download a PDF version.</span></a><o:p></o:p></span></b></p>
<p><b><span style="font-size:8.5pt;font-family:"Arial","sans-serif";color:#333333"> <o:p></o:p></span></b></p>
</td>
<td width="10" valign="top" style="width:7.5pt;padding:0in 0in 0in 0in">
<p class="MsoNormal"> <o:p></o:p></p>
</td>
<td width="10" valign="top" style="width:7.5pt;background:#FBE6D5;padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:10.5pt"><span style="font-size:9.0pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
<td width="170" valign="top" style="width:127.5pt;background:#FBE6D5;padding:0in 0in 0in 0in">
<p style="line-height:10.5pt"><span style="font-size:9.0pt;font-family:"Arial","sans-serif""><a href="https://mailworks.priworks.com/t/y-l-uikdgt-tkikildthu-o" target="_blank"><b><span style="color:#333333">www.andersonkill.com</span></b></a><o:p></o:p></span></p>
<div class="MsoNormal" align="center" style="text-align:center;line-height:10.5pt">
<span style="font-size:9.0pt;font-family:"Arial","sans-serif"">
<hr size="2" width="100%" noshade="" style="color:#A0A0A0" align="center">
</span></div>
<p class="MsoNormal" style="line-height:10.5pt"><span style="font-size:9.0pt;font-family:"Arial","sans-serif""><o:p> </o:p></span></p>
<table class="MsoNormalTable" border="0" cellpadding="0" width="170" style="width:127.5pt">
<tbody>
<tr>
<td style="background:white;padding:.75pt .75pt .75pt .75pt">
<p align="center" style="mso-margin-top-alt:6.0pt;margin-right:0in;margin-bottom:3.75pt;margin-left:0in;text-align:center">
<strong><span style="font-size:11.5pt;font-family:"Arial","sans-serif";color:#C47125">Connect with us on</span></strong><span style="font-size:11.5pt;font-family:"Arial","sans-serif";color:#C47125"><o:p></o:p></span></p>
<p class="MsoNormal" align="center" style="text-align:center"><a href="https://mailworks.priworks.com/t/y-l-uikdgt-tkikildthu-b" target="_blank"><span style="text-decoration:none"><img border="0" id="_x0000_i1033" src="http://i7.cmail20.com/ei/y/09/C1E/97F/054549/csimport/linkedin-logo_6.gif"></span></a><o:p></o:p></p>
<p align="center" style="mso-margin-top-alt:3.75pt;margin-right:0in;margin-bottom:6.0pt;margin-left:0in;text-align:center">
<strong><span style="font-size:10.5pt;font-family:"Arial","sans-serif";color:#C47125">/andersonkilllaw
</span></strong><span style="font-size:10.5pt;font-family:"Arial","sans-serif";color:#C47125"><o:p></o:p></span></p>
</td>
</tr>
</tbody>
</table>
<p class="MsoNormal" style="line-height:10.5pt"><span style="font-size:9.0pt;font-family:"Arial","sans-serif""><o:p> </o:p></span></p>
<div class="MsoNormal" align="center" style="text-align:center;line-height:10.5pt">
<span style="font-size:9.0pt;font-family:"Arial","sans-serif"">
<hr size="2" width="100%" noshade="" style="color:#A0A0A0" align="center">
</span></div>
<p style="line-height:10.5pt;background:#FBE6D5"><b><span style="font-size:9.0pt;font-family:"Arial","sans-serif";color:#C47125">ABOUT THE AUTHORS<o:p></o:p></span></b></p>
<p style="line-height:10.5pt"><span style="font-size:9.0pt;font-family:"Arial","sans-serif""><img border="0" width="170" id="_x0000_i1035" src="http://i8.cmail20.com/ei/y/09/C1E/97F/054549/csimport/cholst_7.jpg" alt="Bruce A. Cholst"><o:p></o:p></span></p>
<p style="line-height:10.5pt"><strong><span style="font-size:9.0pt;font-family:"Arial","sans-serif""><a href="https://mailworks.priworks.com/t/y-l-uikdgt-tkikildthu-n" target="_blank"><span style="color:#333333">Bruce A. Cholst</span></a></span></strong><span style="font-size:9.0pt;font-family:"Arial","sans-serif"">
is a shareholder in Anderson Kill\u2019s New York office. Bruce represents cooperative and condominium clients in complex sponsor defect and sponsor arrears litigation, shareholder controversies, commercial and residential nonpayment actions, foreclosure suits,
vendor claims, and board election disputes. He also counsels clients on corporate and governance issues and negotiates their commercial leases and management contracts.<o:p></o:p></span></p>
<p style="line-height:10.5pt"><strong><span style="font-size:9.0pt;font-family:"Arial","sans-serif""><a href="mailto:bcholst@andersonkill.com"><span style="color:#333333">bcholst@andersonkill.com</span></a></span></strong><b><span style="font-size:9.0pt;font-family:"Arial","sans-serif""><br>
<strong><span style="font-family:"Arial","sans-serif"">(212) 278-1086</span></strong></span></b><span style="font-size:9.0pt;font-family:"Arial","sans-serif""><o:p></o:p></span></p>
<p style="line-height:10.5pt"><span style="font-size:9.0pt;font-family:"Arial","sans-serif""><img border="0" width="170" id="_x0000_i1036" src="http://i9.cmail20.com/ei/y/09/C1E/97F/054549/csimport/koplovitz_8.jpg" alt="Deborah B. Koplovitz"><o:p></o:p></span></p>
<p style="line-height:10.5pt"><strong><span style="font-size:9.0pt;font-family:"Arial","sans-serif""><a href="https://mailworks.priworks.com/t/y-l-uikdgt-tkikildthu-p" target="_blank"><span style="color:#333333">Deborah B. Koplovitz</span></a></span></strong><span style="font-size:9.0pt;font-family:"Arial","sans-serif"">
is a shareholder in Anderson Kill's New York office and co-chairs the firm's Cooperative and Condominium Law Group. Deborah concentrates her practice in real estate litigation and general representation of condominiums, cooperatives and sponsors.
<o:p></o:p></span></p>
<p style="line-height:10.5pt"><strong><span style="font-size:9.0pt;font-family:"Arial","sans-serif""><a href="mailto:dkoplovitz@andersonkill.com"><span style="color:#333333">dkoplovitz@andersonkill.com</span></a></span></strong><b><span style="font-size:9.0pt;font-family:"Arial","sans-serif""><br>
<strong><span style="font-family:"Arial","sans-serif"">(212) 278-1084</span></strong></span></b><span style="font-size:9.0pt;font-family:"Arial","sans-serif""><o:p></o:p></span></p>
<p style="line-height:10.5pt"><span style="font-size:9.0pt;font-family:"Arial","sans-serif""><img border="0" width="170" id="_x0000_i1037" src="http://i10.cmail20.com/ei/y/09/C1E/97F/054549/csimport/robinson_9.jpg" alt="Karol S. Robinson"><o:p></o:p></span></p>
<p style="line-height:10.5pt"><strong><span style="font-size:9.0pt;font-family:"Arial","sans-serif""><a href="https://mailworks.priworks.com/t/y-l-uikdgt-tkikildthu-x" target="_blank"><span style="color:#333333">Karol S. Robinson</span></a></span></strong><span style="font-size:9.0pt;font-family:"Arial","sans-serif"">
is a shareholder in the New York office of Anderson Kill. Karol practices cooperative, condominium, and real estate law with a focus on affordable housing, nonprofit organizations and general transactional work.<o:p></o:p></span></p>
<p style="line-height:10.5pt"><strong><span style="font-size:9.0pt;font-family:"Arial","sans-serif""><a href="mailto:ksrobinson@andersonkill.com"><span style="color:#333333">ksrobinson@andersonkill.com</span></a></span></strong><b><span style="font-size:9.0pt;font-family:"Arial","sans-serif""><br>
<strong><span style="font-family:"Arial","sans-serif"">(212) 278-1247 </span></strong></span></b><span style="font-size:9.0pt;font-family:"Arial","sans-serif""><o:p></o:p></span></p>
<div class="MsoNormal" align="center" style="text-align:center;line-height:10.5pt">
<span style="font-size:9.0pt;font-family:"Arial","sans-serif"">
<hr size="2" width="100%" noshade="" style="color:#A0A0A0" align="center">
</span></div>
<p style="line-height:10.5pt"><b><span style="font-size:8.5pt;font-family:"Arial","sans-serif";color:#C47125;background:#FBE6D5">AK COOPERATIVE AND CONDOMINIUM LAW GROUP</span></b><span style="font-size:9.0pt;font-family:"Arial","sans-serif""><br>
» <a href="https://mailworks.priworks.com/t/y-l-uikdgt-tkikildthu-m" target="_blank">
<b><span style="color:#333333">Practice Group</span></b></a><br>
» <a href="https://mailworks.priworks.com/t/y-l-uikdgt-tkikildthu-c" target="_blank">
<b><span style="color:#333333">Attorneys</span></b></a><o:p></o:p></span></p>
<div class="MsoNormal" align="center" style="text-align:center;line-height:10.5pt">
<span style="font-size:9.0pt;font-family:"Arial","sans-serif"">
<hr size="2" width="100%" noshade="" style="color:#A0A0A0" align="center">
</span></div>
<p style="line-height:10.5pt"><b><span style="font-size:8.5pt;font-family:"Arial","sans-serif";color:#C47125;background:#FBE6D5">AK REAL ESTATE AND CONSTRUCTION GROUP</span></b><span style="font-size:9.0pt;font-family:"Arial","sans-serif""><br>
» <a href="https://mailworks.priworks.com/t/y-l-uikdgt-tkikildthu-q" target="_blank">
<b><span style="color:#333333">Practice Group</span></b></a><br>
» <a href="https://mailworks.priworks.com/t/y-l-uikdgt-tkikildthu-a" target="_blank">
<b><span style="color:#333333">Attorneys</span></b></a><o:p></o:p></span></p>
<div class="MsoNormal" align="center" style="text-align:center;line-height:10.5pt">
<span style="font-size:9.0pt;font-family:"Arial","sans-serif"">
<hr size="2" width="100%" noshade="" style="color:#A0A0A0" align="center">
</span></div>
<p style="line-height:10.5pt"><b><span style="font-size:8.5pt;font-family:"Arial","sans-serif";color:#C47125;background:#FBE6D5">AK PUBLICATIONS
</span></b><span style="font-size:9.0pt;font-family:"Arial","sans-serif""><br>
» <a href="https://mailworks.priworks.com/t/y-l-uikdgt-tkikildthu-f" target="_blank">
<b><span style="color:#333333">All AK Newsletters/Alerts </span></b></a><br>
» <a href="https://mailworks.priworks.com/t/y-l-uikdgt-tkikildthu-z" target="_blank">
<b><span style="color:#333333">Subscribe</span></b></a><o:p></o:p></span></p>
<div class="MsoNormal" align="center" style="text-align:center;line-height:10.5pt">
<span style="font-size:9.0pt;font-family:"Arial","sans-serif"">
<hr size="2" width="100%" noshade="" style="color:#A0A0A0" align="center">
</span></div>
<p class="MsoNormal" align="center" style="text-align:center;line-height:10.5pt">
<span style="font-size:9.0pt;font-family:"Arial","sans-serif""><o:p></o:p></span></p>
</td>
<td width="10" style="width:7.5pt;background:#FBE6D5;padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:10.5pt"><span style="font-size:9.0pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
</tr>
</tbody>
</table>
<p class="MsoNormal"><span style="display:none"><o:p> </o:p></span></p>
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="650" style="width:487.5pt">
<tbody>
<tr>
<td style="border-top:solid black 1.0pt;border-left:none;border-bottom:solid black 1.0pt;border-right:none;padding:0in 0in 0in 0in">
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:9.0pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
</tr>
</tbody>
</table>
<p class="MsoNormal"><span style="display:none"><o:p> </o:p></span></p>
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="650" style="width:487.5pt">
<tbody>
<tr>
<td width="10" style="width:7.5pt;padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:9.0pt"><span style="font-size:8.5pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
<td valign="top" style="padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:9.0pt"><span style="font-size:8.5pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
<td width="10" valign="top" style="width:7.5pt;background:#FBE6D5;padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:9.0pt"><span style="font-size:8.5pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
<td width="170" valign="top" style="width:127.5pt;background:#FBE6D5;padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:9.0pt"><span style="font-size:8.5pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
<td width="10" style="width:7.5pt;background:#FBE6D5;padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:9.0pt"><span style="font-size:8.5pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
</tr>
<tr>
<td style="padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:9.0pt"><span style="font-size:8.5pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
<td style="padding:0in 0in 0in 0in">
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width:100.0%">
<tbody>
<tr>
<td width="60" style="width:45.0pt;padding:0in 0in 0in 0in">
<p class="MsoNormal"><b><span style="font-size:8.5pt;font-family:"Arial","sans-serif";color:#333333"><img border="0" width="60" height="50" id="_x0000_i1042" src="http://i1.cmail20.com/ei/y/09/C1E/97F/054549/csimport/icon_feedback_10.gif"></span></b><o:p></o:p></p>
</td>
<td style="padding:0in 0in 0in 0in">
<p class="MsoNormal"><b><span style="font-size:9.0pt;font-family:"Arial","sans-serif";color:#333333">FEEDBACK
</span></b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#666666"><br>
We are interested in your feedback on topics for future articles and seminars. Please
<a href="mailto:swilliams@andersonkill.com?subject=Feedback%20on%20topics%20for%20future%20articles%20and%20seminars">
<strong><span style="font-family:"Arial","sans-serif";color:#333333">email us</span></strong></a>.</span><span style="font-family:"Arial","sans-serif""><o:p></o:p></span></p>
</td>
</tr>
</tbody>
</table>
</td>
<td valign="top" style="background:#FBE6D5;padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:9.0pt"><span style="font-size:8.5pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
<td style="background:#FBE6D5;padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:10.5pt"><b><span style="font-size:9.0pt;font-family:"Arial","sans-serif";color:#333333">NEED HELP?
</span></b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#666666"><br>
<a href="mailto:swilliams@andersonkill.com" target="_blank"><strong><span style="font-family:"Arial","sans-serif";color:#333333">Email</span></strong></a> Sabrina Williams</span><span style="font-size:8.5pt;font-family:"Arial","sans-serif""><o:p></o:p></span></p>
</td>
<td style="background:#FBE6D5;padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:9.0pt"><span style="font-size:8.5pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
</tr>
<tr>
<td style="padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:9.0pt"><span style="font-size:8.5pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
<td style="padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:9.0pt"><span style="font-size:8.5pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
<td valign="top" style="background:#FBE6D5;padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:9.0pt"><span style="font-size:8.5pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
<td style="background:#FBE6D5;padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:9.0pt"><span style="font-size:8.5pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
<td style="background:#FBE6D5;padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:9.0pt"><span style="font-size:8.5pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
</tr>
<tr>
<td style="padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:9.0pt"><span style="font-size:8.5pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
<td style="padding:0in 0in 0in 0in">
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width:100.0%">
<tbody>
<tr>
<td width="60" style="width:45.0pt;padding:0in 0in 0in 0in">
<p class="MsoNormal"><b><span style="font-size:8.5pt;font-family:"Arial","sans-serif";color:#333333"><img border="0" width="60" height="50" id="_x0000_i1043" src="http://i2.cmail20.com/ei/y/09/C1E/97F/054549/csimport/icon_unsub_11.gif"></span></b><o:p></o:p></p>
</td>
<td style="padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:10.5pt"><b><span style="font-size:9.0pt;font-family:"Arial","sans-serif";color:#333333">OPT-OUT INFORMATION
</span></b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#666666"><br>
<a href="https://mailworks.priworks.com/t/y-u-uikdgt-tkikildthu-g" target="_blank"><b><span style="color:#333333">Opt-out</span></b></a> of our email list.
</span><span style="font-size:8.5pt;font-family:"Arial","sans-serif""><o:p></o:p></span></p>
</td>
</tr>
</tbody>
</table>
</td>
<td valign="top" style="background:#FBE6D5;padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:9.0pt"><span style="font-size:8.5pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
<td style="background:#FBE6D5;padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:10.5pt"><b><span style="font-size:9.0pt;font-family:"Arial","sans-serif";color:#333333">ANDERSON KILL</span></b><span style="font-size:8.5pt;font-family:"Arial","sans-serif""><br>
</span><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#666666">1251 Avenue of the Americas<br>
New York, NY 10020</span><span style="font-size:8.5pt;font-family:"Arial","sans-serif""><o:p></o:p></span></p>
</td>
<td style="background:#FBE6D5;padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:9.0pt"><span style="font-size:8.5pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
</tr>
<tr>
<td style="padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:9.0pt"><span style="font-size:8.5pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
<td style="padding:0in 0in 0in 0in"></td>
<td valign="top" style="background:#FBE6D5;padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:9.0pt"><span style="font-size:8.5pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
<td style="background:#FBE6D5;padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:9.0pt"><span style="font-size:8.5pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
<td style="background:#FBE6D5;padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:9.0pt"><span style="font-size:8.5pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
</tr>
<tr>
<td style="padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:9.0pt"><span style="font-size:8.5pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
<td style="padding:0in 0in 0in 0in">
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width:100.0%">
<tbody>
<tr>
<td width="60" style="width:45.0pt;padding:0in 0in 0in 0in">
<p class="MsoNormal"><b><span style="font-size:8.5pt;font-family:"Arial","sans-serif";color:#333333"><img border="0" width="60" height="50" id="_x0000_i1044" src="http://i3.cmail20.com/ei/y/09/C1E/97F/054549/csimport/icon_ftaf_12.gif"></span></b><o:p></o:p></p>
</td>
<td style="padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:10.5pt"><b><span style="font-size:9.0pt;font-family:"Arial","sans-serif";color:#333333">FORWARD TO A FRIEND</span></b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#666666"><br>
<a href="https://andersonkill.forwardtomyfriend.com/y-tkikildthu-D4668E6F-uikdgt-l-w" target="_blank"><b><span style="color:#333333">Forward this article</span></b></a> to as many people as you\u2019d like.
</span><span style="font-size:8.5pt;font-family:"Arial","sans-serif""><o:p></o:p></span></p>
</td>
</tr>
</tbody>
</table>
</td>
<td valign="top" style="background:#FBE6D5;padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:9.0pt"><span style="font-size:8.5pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
<td style="background:#FBE6D5;padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:10.5pt"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#666666"><a href="mailto:akony@andersonkill.com" target="_blank"><b><span style="color:#333333">akoNY@andersonkill.com</span></b></a><br>
T: 212-278-1000<br>
F: 212-278-1733</span><span style="font-size:8.5pt;font-family:"Arial","sans-serif""><o:p></o:p></span></p>
</td>
<td style="background:#FBE6D5;padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:9.0pt"><span style="font-size:8.5pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
</tr>
<tr>
<td style="padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:9.0pt"><span style="font-size:8.5pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
<td style="padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:9.0pt"><span style="font-size:8.5pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
<td valign="top" style="background:#FBE6D5;padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:9.0pt"><span style="font-size:8.5pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
<td style="background:#FBE6D5;padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:9.0pt"><span style="font-size:8.5pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
<td style="background:#FBE6D5;padding:0in 0in 0in 0in">
<p class="MsoNormal" style="line-height:9.0pt"><span style="font-size:8.5pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
</tr>
</tbody>
</table>
<p class="MsoNormal"><span style="display:none"><o:p> </o:p></span></p>
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="650" style="width:487.5pt">
<tbody>
<tr>
<td width="10" style="width:7.5pt;border-top:solid black 1.0pt;border-left:none;border-bottom:solid black 1.0pt;border-right:none;padding:0in 0in 0in 0in">
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:9.0pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
<td style="border-top:solid black 1.0pt;border-left:none;border-bottom:solid black 1.0pt;border-right:none;padding:0in 0in 0in 0in">
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:9.0pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
<td width="10" style="width:7.5pt;border-top:solid black 1.0pt;border-left:none;border-bottom:solid black 1.0pt;border-right:none;padding:0in 0in 0in 0in">
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:9.0pt;font-family:"Arial","sans-serif""> <o:p></o:p></span></p>
</td>
</tr>
<tr>
<td colspan="3" style="padding:0in 0in 0in 0in">
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="100%" style="width:100.0%">
<tbody>
<tr>
<td colspan="2" style="background:#D2D2D2;padding:0in 0in 0in 0in">
<p class="MsoNormal"> <o:p></o:p></p>
</td>
</tr>
<tr>
<td width="15" style="width:11.25pt;background:#D2D2D2;padding:0in 0in 0in 0in">
<p class="MsoNormal"> <o:p></o:p></p>
</td>
<td style="background:#D2D2D2;padding:0in 0in 0in 0in">
<p style="line-height:9.0pt"><span style="font-size:8.5pt;font-family:"Arial","sans-serif""><a href="https://mailworks.priworks.com/t/y-l-uikdgt-tkikildthu-v"><strong><span style="font-family:"Arial","sans-serif";color:#333333">Subscribe
to the </span></strong><em><b><span style="font-family:"Arial","sans-serif";color:#333333">Co-op, Condo & Real Estate Advisor</span></b></em></a><em><span style="font-family:"Arial","sans-serif"">
</span></em>(or any of our other complimentary newsletters).<o:p></o:p></span></p>
</td>
</tr>
<tr>
<td colspan="2" style="border:none;border-bottom:solid black 1.0pt;background:#D2D2D2;padding:0in 0in 0in 0in">
<p class="MsoNormal"> <o:p></o:p></p>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
<tr>
<td colspan="2" style="padding:0in 0in 0in 0in">
<p class="MsoNormal"> <o:p></o:p></p>
</td>
<td style="padding:0in 0in 0in 0in"></td>
</tr>
<tr>
<td width="10" style="width:7.5pt;padding:0in 0in 0in 0in">
<p class="MsoNormal"> <o:p></o:p></p>
</td>
<td style="padding:0in 0in 0in 0in">
<p style="line-height:9.0pt"><span style="font-size:8.5pt;font-family:"Arial","sans-serif"">Based in New York City, the firm also has offices in Philadelphia, PA, Stamford, CT, Washington, DC, Newark, NJ, and Los Angeles, CA.<o:p></o:p></span></p>
<p style="line-height:9.0pt"><span style="font-size:8.5pt;font-family:"Arial","sans-serif"">©2020 Anderson Kill P.C.<o:p></o:p></span></p>
<p style="line-height:9.0pt"><span style="font-size:8.5pt;font-family:"Arial","sans-serif"">This newsletter was prepared by Anderson Kill P.C. to provide information of interest to readers. Distribution of this publication does not establish an attorney-client
relationship or provide legal advice. Prior results do not guarantee a similar outcome. Future developments may supersede this information. We invite you to contact the editor, Bruce A. Cholst, at
<a href="mailto:bcholst@andersonkill.com" target="_blank"><b><span style="color:#333333">bcholst@andersonkill.com</span></b></a> or (212) 278-1086, with any questions.
<o:p></o:p></span></p>
<p style="line-height:9.0pt"><span style="font-size:8.5pt;font-family:"Arial","sans-serif"">ATTORNEY ADVERTISING<o:p></o:p></span></p>
</td>
<td width="10" style="width:7.5pt;padding:0in 0in 0in 0in">
<p class="MsoNormal"> <o:p></o:p></p>
</td>
</tr>
<tr>
<td width="10" style="width:7.5pt;padding:0in 0in 0in 0in">
<p class="MsoNormal"> <o:p></o:p></p>
</td>
<td style="padding:0in 0in 0in 0in">
<p class="MsoNormal"> <o:p></o:p></p>
</td>
<td width="10" style="width:7.5pt;padding:0in 0in 0in 0in">
<p class="MsoNormal"> <o:p></o:p></p>
</td>
</tr>
</tbody>
</table>
<p class="MsoNormal"><img border="0" width="1" height="1" id="_x0000_i1045" src="https://andersonkill.cmail20.com/t/y-o-uikdgt-tkikildthu/o.gif"><o:p></o:p></p>
</div>
<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<title>Untitled 1</title>
<style type="text/css">
p.MsoPlainText
{margin-bottom:.0001pt;
font-size:11.0pt;
font-family:"Calibri","sans-serif";
margin-left: 0in;
margin-right: 0in;
margin-top: 0in;
}
</style>
<p class="MsoPlainText" style="font-family: Arial, Helvetica, sans-serif; font-size: xx-small; color: #808080">
This electronic mail transmission may contain privileged, confidential and/or proprietary information intended only for the person(s) named. Any use, distribution, copying or disclosure to another person is strictly prohibited. If you are not the addressee
indicated in this message (or responsible for delivery of the message to such person), you may not copy or deliver this message to anyone. In such case, you should destroy this message and kindly notify the sender by reply email.<br>
<br>
</p>
<p class="MsoPlainText" style="font-family: Arial, Helvetica, sans-serif; font-size: xx-small; color: #808080">
<br>
</p>
<p class="MsoPlainText" style="font-family: Arial, Helvetica, sans-serif; font-size: xx-small; color: #808080">
</p>
</body>
</html>