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Article 20 Jul. 2021
Partner Emanuella Agostinelli authors article on Italian Insolvency during COVID-19 in International Corporate Rescue.
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International Insight: Disclosure of Beneficial Ownership in 2021 – General EU Perspective – Alert 2 of the Series
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International Insight: Disclosure of Beneficial Ownership in 2021 – International and US Perspectives – Alert 1 of the Series
Client Alert 24 Jun. 2021
U.S. Insight: Update on Virtual Notarization (Executive Order 202.7) During the COVID-19 (Coronavirus) Pandemic (Updated: June 24, 2021)
U.S. Insight: Update on Virtual Witnessing (New York Executive Order 202.14) During The COVID-19 (Coronavirus) Pandemic (Updated: June 24, 2021)
IMPORTANT UPDATE: New York’s State of Emergency expired on June 24, 2021. The Executive Orders executed pursuant to the state of emergency are no longer active, and therefore virtual witnessing is presumptively no longer valid under New York State law.
The alert is available for download here.
In response to the COVID-19 (novel coronavirus) pandemic, New York State Governor Andrew Cuomo signed Executive Order 202.14 (the “Order”) on April 7, 2020, authorizing virtual witnessing for certain documents, including wills and trusts. The impacted statutes are Estates Powers and Trusts Law (EPTL) 3‑2.1(a)(2), EPTL 3‑2.1(a)(4) and EPTL 7‑1.17, Public Health Law 2981(2)(a), Public Health Law 4201(3), Article 9 of the Real Property Law, and General Obligations Law 5‑1514(9)(b). The Order is currently in effect until May 7, 2020.
The act of virtual witnessing allows individuals to attest to the validity of a signatory’s identity over audio-visual technology. Pursuant to the guidelines issued in the Order, to complete the act of virtual witnessing over video conferencing technology, the signatory and the witness must fulfill the following conditions:
The standards for completing the act of witnessing over audio-visual technology are similar (but not identical) to the standards for virtual notarization which the Governor authorized in Executive Order 202.7 and further clarified in guidelines issued by the New York Department of State on March 25 and March 31, 2020. Curtis’ published update on those virtual notarization guidelines can be found here.
UPDATE: Executive Orders allowing virtual witnessing have been issued monthly since the initial Executive Order, with the most recent renewal on June 5, 2021, which extends virtual witnessing through July 5, 2021.
Attorney advertising. The material contained in this Client Alert is only a general review of the subjects covered and does not constitute legal advice. No legal or business decision should be based on its contents.
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