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The Film or Movie Completion Bond
Today, I want to discuss the Film/Movie Completion Bond. A completion guarantee assures that a project will be completed within a certain amount of time and on budget. Completion guarantees have become more popular with smaller, independent film houses. The bond is...
Bonding Back — a Way of Limiting Your Risk
I wanted to discuss performance and payment bonds where a project is being overseen by a general contractor and that contractor elects to have his subcontractors provide performance and payment bonds as well, which is commonly referred to as bonding back in the...
Connecticut Prejudgment Attachment
In the State of Connecticut, there is an ability for Prejudgment Remedy pursuant to Connecticut General Statute Section 52-278c, where you can apply for what's called a Prejudgment Attachment. If you were the party being attached, there is a provision to post the bond...
The Difference Between CPLR 6301, 6312 and CPLR 5518
The New York State Civil Practice Law and Rules allow for a procedure pursuant to CPLR 5518, where a party is seeking a preliminary injunction or temporary restraining order (TRO) at the Appellate Division of the Supreme Court of the State of New York. In the past, my...
Stay Pursuant to CPLR 5519
Recently, I had a client contact my office for a Stay pursuant to CPLR 5519/ CPLR 5518 where the court granted a replevin action where the client would have to turn over certain items, and which required the party seeking the replevin to post a bond. The party that...
Release of a Temporary Restraining Order (TRO) Bond
Today, I want to speak about a Release of a Temporary Restraining Order (TRO) Bond. In the past, we've spoken about temporary restraining order bonds where a corporation, an entity, or individual is seeking to restrain someone from doing something. In the past, that's...
Writ of Certiorari Bond
A Writ of Certiorari bond is a surety bond that guarantees the payment for costs related to the transfer of a suit from one court to another. The primary way to petition the court for review is to ask it to grant a writ of certiorari in which the Supreme Court orders...
Bonds to Secure the Faithful Performance of Duties
At times, Referees are appointed by a Judge pursuant to a Court Order for matters related to the sale of certain assets. A Referee can be appointed to sell real property, review accountings, and various other matters that may arise in the course of a court proceeding....
Pedersen & Sons — A Global Bonding Agency
A common question that lawyers ask my office is: When I am handling either an estate or litigation for a client in another state outside of New York, do you know somebody to whom I can refer for the bond that's going to be needed?” My answer is always, "Why don't you...
Non-Construction Payment and Performance Surety Bonds [VIDEO]
Information on securing payment and performance surety bonds for clients who need them for non-construction contracts. Neil Pedersen PEDERSEN & SONS SURETY BOND AGENCY, INC. 15 Maiden Lane Suite #800 New York, NY 10038 212-227-7277 800-720-7277...