Janice Mac Avoy Matthew D Parrott Cynthia Luo
July 16, 2018 | New York Law Journal
New York Court Confirms Enforceability of UCC Equity Interest PledgesJustice Barry Ostrager's holding in the HH Cincinnati case is highly significant. It represents the first written decision under New York law expressly confirming that when parties to complex commercial real estate financing transactions decide to include both a real property mortgage and a pledge of UCC security interests as collateral for the loan, the lender's right to enforce its remedies pursuant to either security interest will be fully enforced.
By Janice Mac Avoy, Matthew D. Parrott, Cynthia Luo
1 minute read
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