Legal updates for: CPLR

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Don’t Find Yourself SOL: Know Whether the Statute of Limitations Applies to Your Arbitration

by Stinson Leonard Street - Arbitration Nation on

... of limitations provide peace of mind for many attorneys and clients, knowing previous conduct cannot lead to liability after a prescribed time period. But, do statutes of limitations apply to arbitration proceedings? The answer is: not necessarily. Because of that, advocates and parties need to know when statutes of limitation may apply as well... more

New York Enforcement Update

by King & Spalding on

... York has long been a critical enforcement venue for parties holding unsatisfied arbitral awards and/or judgments. New York is the financial capital of the United States, and that reality, coupled with the state’s expert courts and a body of law that affords award and judgment creditors a broad array of effective remedies to satisfy... more

Orrick's Financial Industry Week in Review

by Orrick, Herrington & Sutcliffe LLP on

... Introduce SAFE Lending Act - On April 7, 2016, several Democratic Senators introduced the Stopping Abuse and Fraud in Electronic (SAFE) Lending Act, SAFE 2016, which is designed to change the manner in which certain short-term unsecured consumer lending is conducted. The legislation would amend the Truth in Lending Act to establish additional... more

New York’s Appellate Division Reinstates Attorney General’s Statutory Fraud Claim Against “Trump University”

by Proskauer - Minding Your Business on

... State of New York v. Trump Entrepreneur Initiative LLC, New York’s Appellate Division recently denied a motion by Donald Trump’ organization to dismiss a fraud claim brought by the New York Attorney General (“AG”) under Executive Law § 63(12). Aside from the fame, or perhaps notoriety, of the respondents, Trump is... more

To submit or not to submit – questions of jurisdiction

by Reed Smith on

... appeal arose out of the litigation fallout from the Bernard Madoff Ponzi scheme. In the appeal, the Privy Council considered whether, at common law, an agreement to submit to jurisdiction must be express or whether it could be implied or inferred. The Board of the Privy Council found that an agreement to submit to jurisdiction need not be express... more