Legal updates for: CPLR

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Investor’s Relocation to New York after Structuring a Financing Deal in Hong Kong Does Not Provide a Basis for Suit Against Swiss Bank UBS in New York, Holds Commercial Division

by Patterson Belknap Webb & Tyler LLP on

... Ace Decade Holdings Ltd. v. UBS AG, No. 653316/2015, 2016 BL 413780 (N.Y. Sup. Ct. Dec. 7, 2016), Justice Eileen Bransten of the Commercial Division dismissed a $500 million fraud suit brought by an investment holding company incorporated in the British Virgin Islands, Ace Decade Holdings Ltd. (“Ace Decade”), against the Swiss Bank UBS... more

2016 Year-End Estate Planning Advisory

by Katten Muchin Rosenman LLP on

... 2016, we continued to experience a period of relative stability in our federal transfer tax system and have been able to plan without expecting imminent significant changes to the system. Under the American Taxpayer Relief Act of 2012 (ATRA 2012), the estate, gift and generation-skipping transfer (GST) tax exclusion amounts (the "applicable... more

Creating and Maximizing Enforceable Settlements

by Cozen O'Connor on

... a case may be the culmination of years of litigation or a strategic move at the outset to avoid litigation costs. Many times, settlement occurs at some point in between. Regardless of when the settlement occurs, it’s important to focus on certain considerations that should be part of any settlement process and the eventual... more

Recent Developments in Acquisition Finance

by Dechert LLP on

...A recent Delaware bankruptcy court decision may potentially place at risk an equity sponsor’s ability to retain proceeds from the sale of a portfolio company whose performance later deteriorates, where the selling sponsor acted in bad faith and the portfolio company was or became insolvent at the time of or on account of the sale.... more

3 Steps To Successful Judgment Enforcement

by Robins Kaplan LLP on

... After a hard-fought battle, your client’s win is secured and the opposition’s liability determined. But don’t rest easy; obtaining judgment in your client’s favor does not mean the fight is over. Originally published in Law360, New York - September 15, 2016. Please see full Publication below for more... more

Second Circuit Affirms Arab Bank’s Decision to Uphold Kiobel I

by King & Spalding on

... August 24, 2016, the U.S. Court of Appeals for the Second Circuit (“Second Circuit”) issued its decision in Licci et al. v. Lebanese Canadian Bank, SAL, which involved claims brought against Lebanese Canadian Bank, SAL (LCB) under the Alien Tort Statute (ATS), a federal statute providing U.S. courts with jurisdiction over foreign... more