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NY S01546
Bill
Status
10/3/2012
Primary Sponsor
John Sampson
Click for details
AI Summary
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Amends Judiciary Law Section 475 to extend attorney charging liens to awards and settlement proceeds obtained through alternative dispute resolution (mediation, arbitration) and settlement negotiations, in addition to court judgments and verdicts.
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Allows an attorney's lien to attach to any award, settlement, judgment, or final order in the client's favor from the commencement of alternative dispute resolution or settlement negotiations, not just from the start of a court action.
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Amends Judiciary Law Section 475-a to permit attorneys to serve notice of lien prior to initiating arbitration, mediation, or other alternative dispute resolution to establish a lien on the client's claim or cause of action.
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Specifies that liens established under these provisions cannot be affected by any settlement between parties and applies the same enforcement procedures as liens obtained under existing lien statutes.
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Takes effect 90 days after becoming law.
Legislative Description
Authorizes an attorney to attach a lien to awards and settlement proceeds received by his or her client through alternative dispute resolution or settlement negotiations.
Last Action
SIGNED CHAP.478
10/3/2012