Allegations Regarding the Existence of a Joint Venture Fail for Lack of Agreement to Share Both Profits and Losses
Commercial Case Notes / Partnerships

Allegations Regarding the Existence of a Joint Venture Fail for Lack of Agreement to Share Both Profits and Losses

On June 4, 2025, the Second Department issued a decision in IPA Asset Mgt., LLC v. Schuman, 2025 NY Slip Op. 03314, dismissing claims based on the existence of a joint venture for lack of allegations of an agreement to share both profits and losses . . . Continue reading Allegations Regarding the Existence of a Joint Venture Fail for Lack of Agreement to Share Both Profits and Losses

Suit Where the Main Parties on Both Sides are Foreign Residents Dismissed on Forum Non Conveniens Grounds
Choice of Forum/Forum Non Conveniens / Commercial Case Notes

Suit Where the Main Parties on Both Sides are Foreign Residents Dismissed on Forum Non Conveniens Grounds

On June 3, 2025, the First Department issued a decision in Zhakiyanov v. Ogai, 2025 NY Slip Op. 03294, affirming the dismissal of a suit on forum non conveniens grounds when the main parties on both sides were foreign residents . . . Continue reading Suit Where the Main Parties on Both Sides are Foreign Residents Dismissed on Forum Non Conveniens Grounds

Party May Not Appeal Decision That Did Not Deny it Relief or Enter Relief Against it, Even if the Decision Contained Reasoning Harmful to the Party’s Case
Appeals / Commercial Case Notes

Party May Not Appeal Decision That Did Not Deny it Relief or Enter Relief Against it, Even if the Decision Contained Reasoning Harmful to the Party’s Case

On June 3, 2025, the First Department issued a decision in Charles Condominiums, LLC v. Victor RPM First, LLC, 2025 NY Slip Op. 03274, holding that a party may not appeal a decision that neither denied it relief nor entered relief against it, even if the decision contained reasoning harmful to a party’s case . . . Continue reading Party May Not Appeal Decision That Did Not Deny it Relief or Enter Relief Against it, Even if the Decision Contained Reasoning Harmful to the Party’s Case