First Department Recognizes, But Does Not Decide, Unsettled Question of Veil Piercing in Limited Partnerships

First Department Recognizes, But Does Not Decide, Unsettled Question of Veil Piercing in Limited Partnerships

On September 24, 2026, the First Department issued a decision in Matter of UBS Sec. LLC v. Dondero, 2026 NY Slip Op. 05460, recognizing, but not deciding, the question of veil piercing in limited partnerships . . . Continue reading First Department Recognizes, But Does Not Decide, Unsettled Question of Veil Piercing in Limited Partnerships

Agreement’s Indemnification Provision Fails to Meet Hooper’s High Hurdle for Inter-Party Indemnification

Agreement’s Indemnification Provision Fails to Meet Hooper’s High Hurdle for Inter-Party Indemnification

On September 22, 2026, the First Department issued a decision in Aurelius Capital Master Ltd. v. Hertz Intl. Ltd., 2026 NY Slip Op. 05369, holding that an agreement’s indemnification provision failed to meet Hooper’s high hurdle for inter-party indemnification . . . Continue reading Agreement’s Indemnification Provision Fails to Meet Hooper’s High Hurdle for Inter-Party Indemnification

Party That Fails to Timely Move to Vacate a Note of Issue Faces a High Burden to Vacate It

Party That Fails to Timely Move to Vacate a Note of Issue Faces a High Burden to Vacate It

On September 2, 2026, Justice Reed of the New York County Commercial Division issued a decision in Python Fin. Solutions, Inc. v. SDCK I LLC, 2026 NY Slip Op. 51450(U), holding that a party that fails timely to move to vacate a Note of Issue faces a high burden in vacating it . . . Continue reading Party That Fails to Timely Move to Vacate a Note of Issue Faces a High Burden to Vacate It