Greetings. Here are your articles for May 2021
Bressler, Amery & Ross, First Woman Managing Principal Diana C. Manning, Esq.
When Bressler Amery & Ross made the decision to elect Diana Manning as the firm’s Managing Principal, it was the culmination of her incredibly successful journey at the well-known New Jersey based firm.

Bressler has eight offices, two of which are located in Florham Park and New York, while also enjoying a strong presence across the south and west, specifically in Miami, Ft. Lauderdale, Birmingham, Charlotte, Dallas and Houston.  
Despite its size and developing national footprint, Diana’s advance to her current position at Bressler is no surprise to anyone. In fact, she has been preparing for over two decades to assume these responsibilities as she has helped to guide the steady growth and expansion of the organization.
The Good, the Bad and the Ugly!
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The New York Legislature and Governor Andrew Cuomo announced an agreed-upon state budget package on April 7, 2021, which was subsequently signed into law by the Governor on April 19, 2021. 

There are three significant changes included in the 2021-2022 New York state budget that should be brought to everyone’s attention. These represent the Good, the Bad, and the Ugly!
LIBOR Phases out in 2021: Are you ready?

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Even though the US Federal Reserve and United Kingdom regulators have been aggressively urging banks to prepare for the 2021 phase-out of LIBOR (London Interbank Offered Rate) as the primary benchmark for overnight borrowing costs for banks, current reporting estimates that at least 50% of companies questioned have not yet focused on replacing LIBOR, and only about 34% of financial institutions questioned state that they are on track for the approaching year-end transition.