That Lender Chose Not to Demand Repayment of Note for 15 Years Did Not Make it Not an Instrument for the Payment of Money Only
Commercial Case Notes / Summary Judgment

That Lender Chose Not to Demand Repayment of Note for 15 Years Did Not Make it Not an Instrument for the Payment of Money Only

On June 26, 2025, Justice Chan of the New York County Commercial Division issued a decision in Canaan Equity Partners III, LLC v. Verance Corp., 2025 NY Slip Op. 32540(U), holding that even though a lender chose not to demand repayment of a note for 15 years did not make the note not an instrument for the payment of money only . . . Continue reading That Lender Chose Not to Demand Repayment of Note for 15 Years Did Not Make it Not an Instrument for the Payment of Money Only

UCC Article 2 Four-Year Statute of Limitations Does Not Apply to a Construction Contract
Commercial Case Notes / Statute of Limitation/Laches

UCC Article 2 Four-Year Statute of Limitations Does Not Apply to a Construction Contract

On July 8, 2025, justice Patel of the New York County Commercial Division issued a decision in Board of Mgrs. of 252 Condominium v. World-Wide Holdings Corp., 2025 NY Slip Op. 32565(U), holding that UCC Article 2’s four-year statute of limitations does not apply to a construction contract . . . Continue reading UCC Article 2 Four-Year Statute of Limitations Does Not Apply to a Construction Contract

Counsel Disqualification Denied for Failure to Show Current Representation of Prior Representation in a Related Matter
Commercial Case Notes / Law Firms and Professional Ethics

Counsel Disqualification Denied for Failure to Show Current Representation of Prior Representation in a Related Matter

On July 9, 2025, Justice Borrok of the New York County Commercial Division issued a decision in AT&T Mobility LLC v. Harman Connected Servs., Inc., 2025 NY Slip Op. 32617(U), denying a motion to disqualify counsel for failure to show either current representation or prior representation in a related matter . . . Continue reading Counsel Disqualification Denied for Failure to Show Current Representation of Prior Representation in a Related Matter

Defendant Subject to Jurisdiction in New York Because of Close Relationship to Company That Signed Note With New York Forum Selection Clause
Commercial Case Notes / Personal Jurisdiction

Defendant Subject to Jurisdiction in New York Because of Close Relationship to Company That Signed Note With New York Forum Selection Clause

On July 11, 2025, Justice Masley of the New York County Commercial Division issued a decision in Benuvia Holdings, LLC v. Next Frontier Holdings, Inc., 2025 NY Slip Op. 32597(U), holding that a defendant was subject to personal jurisdiction in New York because of his close relationship to a business that signed a note with a New York forum selection clause . . . Continue reading Defendant Subject to Jurisdiction in New York Because of Close Relationship to Company That Signed Note With New York Forum Selection Clause

Conversion Claim Seeking Same Damages as Contract Claim Dismissed as Duplicative
Commercial Case Notes / Conversion/Trespass to Chattel

Conversion Claim Seeking Same Damages as Contract Claim Dismissed as Duplicative

On July 1, 2025, Justice Chan of the New York County Commercial Division issued a decision in GSP Merrimack LLC v. Javelin Global Commodities (UK) Ltd., 2025 NY Slip Op. 32421(U), dismissing a conversion claim because, among other reasons, it sought the same damages as a breach of contract claim . . . Continue reading Conversion Claim Seeking Same Damages as Contract Claim Dismissed as Duplicative