NYC Hostel Law Faces Safety Hurdle

Law360, New York (July 15, 2013, 6:52 PM EDT) -- A bill to allow the development and operation of for-profit hostels in New York City under the oversight of a special city office could fill an important gap in New York's hotel market, experts say, but a debate over safety concerns may stymie the effort.

The proposed law would establish a city office to license and regulate for-profit hostels, currently illegal in New York thanks to a statute forbidding more than four unrelated people from staying in single hotel room that isn't run by a not-for-profit....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.