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Kenneth M. Block, a partner at Tannenbaum Helpern Syracuse & Hirschtritt, writes: The current economic crisis has resulted in the suspension or abandonment of many incomplete construction projects, leaving in their wake competing lien claims between lenders and contractors. The resolution of these claims is generally a function of the lenders' strict compliance with the Lien Law which, when properly followed should give the upper hand to the lender.
May 13, 2009 at 12:00 AM
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