Court of Appeals Holds Bankruptcy Law Does Not Preempt Lender’s Tortious Interference Claims Against Third-Party Non-Debtors

1In Sutton 58 Associates LLC v.

Filed under:
USA, New York, Insolvency & Restructuring, Litigation, Patterson Belknap Webb & Tyler LLP
Authors:
Muhammad U. Faridi
Location:
USA
Firm:
Patterson Belknap Webb & Tyler LLP
New York Amends Its Fraudulent Conveyance Law by Enacting the Uniform Voidable Transactions Act

Last month, New York enacted the Uniform Voidable Transactions Act (“UVTA”)[1], which seeks to modernize the state’s fraudulent conveyance law.

Since its introduction by the Uniform Law Commission in 2014, the UVTA has now been adopted by 21 states.[2] The UVTA was originally drafted by the Uniform Law Commission as an amendment to the 1984 Uniform Fraudulent Transfer Act (“UFTA”); New York was one of only seven states that did not adopt the original UFTA.[3]

Filed under:
USA, New York, Insolvency & Restructuring, Patterson Belknap Webb & Tyler LLP
Authors:
Muhammad U. Faridi
Location:
USA
Firm:
Patterson Belknap Webb & Tyler LLP
Commercial Division Declines to Use New York Debtor and Creditor Law to Enjoin a Defendant’s Asset Sale Without Evidence of Inadequate Consideration

In Del Forte USA, Inc. v. Blue Beverage Group, Inc. et al., No. 518454/2016, 2017 BL 253248 (Sup. Ct. Jul. 17, 2017), New York Commercial Division Justice Sylvia G. Ash denied plaintiff Del Forte’s preliminary injunction motion that sought, pursuant to N.Y.

Filed under:
USA, Insolvency & Restructuring, Litigation, Patterson Belknap Webb & Tyler LLP, Breach of contract, Preliminary injunction
Authors:
Muhammad U. Faridi
Location:
USA
Firm:
Patterson Belknap Webb & Tyler LLP
Commercial Division Declines to Use New York Debtor and Creditor Law to Enjoin a Defendant’s Asset Sale Without Evidence of Inadequate Consideration

In Del Forte USA, Inc. v. Blue Beverage Group, Inc. et al., No. 518454/2016, 2017 BL 253248 (Sup. Ct. Jul. 17, 2017), New York Commercial Division Justice Sylvia G. Ash denied plaintiff Del Forte’s preliminary injunction motion that sought, pursuant to N.Y.

Filed under:
USA, New York, Insolvency & Restructuring, Litigation, Patterson Belknap Webb & Tyler LLP
Authors:
Muhammad U. Faridi
Location:
USA
Firm:
Patterson Belknap Webb & Tyler LLP
New York Amends Its Fraudulent Conveyance Law by Enacting the Uniform Voidable Transactions Act

Last month, New York enacted the Uniform Voidable Transactions Act (“UVTA”)[1], which seeks to modernize the state’s fraudulent conveyance law.

Since its introduction by the Uniform Law Commission in 2014, the UVTA has now been adopted by 21 states.[2] The UVTA was originally drafted by the Uniform Law Commission as an amendment to the 1984 Uniform Fraudulent Transfer Act (“UFTA”); New York was one of only seven states that did not adopt the original UFTA.[3]

Filed under:
USA, New York, Insolvency & Restructuring, Patterson Belknap Webb & Tyler LLP
Authors:
Muhammad U. Faridi
Location:
USA
Firm:
Patterson Belknap Webb & Tyler LLP
Commercial Division Declines to Use New York Debtor and Creditor Law to Enjoin a Defendant’s Asset Sale Without Evidence of Inadequate Consideration

In Del Forte USA, Inc. v. Blue Beverage Group, Inc. et al., No. 518454/2016, 2017 BL 253248 (Sup. Ct. Jul. 17, 2017), New York Commercial Division Justice Sylvia G. Ash denied plaintiff Del Forte’s preliminary injunction motion that sought, pursuant to N.Y.

Filed under:
USA, New York, Insolvency & Restructuring, Litigation, Patterson Belknap Webb & Tyler LLP
Authors:
Muhammad U. Faridi
Location:
USA
Firm:
Patterson Belknap Webb & Tyler LLP
Commercial Division Declines to Use New York Debtor and Creditor Law to Enjoin a Defendant’s Asset Sale Without Evidence of Inadequate Consideration

In Del Forte USA, Inc. v. Blue Beverage Group, Inc. et al., No. 518454/2016, 2017 BL 253248 (Sup. Ct. Jul. 17, 2017), New York Commercial Division Justice Sylvia G. Ash denied plaintiff Del Forte’s preliminary injunction motion that sought, pursuant to N.Y.

Filed under:
USA, Insolvency & Restructuring, Litigation, Patterson Belknap Webb & Tyler LLP, Breach of contract, Preliminary injunction
Authors:
Jordan Engelhardt , Muhammad U. Faridi
Location:
USA
Firm:
Patterson Belknap Webb & Tyler LLP