February 20, 2015 | New York Law Journal
Merger Clauses and Parol Evidence RuleIn their Commercial Division Update, George Bundy Smith and Thomas J. Hall write: In New York, the existence of a merger clause in a contract appears to have little effect on a court's willingness to admit parol evidence to clarify an ambiguity. But what if a party seeks to use extrinsic evidence, not to clarify an ambiguity, but to establish that a separate agreement exists and must be considered in deciding the dispute under the written contract in question?
By George Bundy Smith and Thomas J. Hall
11 minute read
February 19, 2015 | New York Law Journal
Merger Clauses and Parol Evidence RuleIn their Commercial Division Update, George Bundy Smith and Thomas J. Hall write: In New York, the existence of a merger clause in a contract appears to have little effect on a court's willingness to admit parol evidence to clarify an ambiguity. But what if a party seeks to use extrinsic evidence, not to clarify an ambiguity, but to establish that a separate agreement exists and must be considered in deciding the dispute under the written contract in question?
By George Bundy Smith and Thomas J. Hall
11 minute read
December 19, 2014 | New York Law Journal
Lack of Marketability Discounts In Statutory Fair Value ProceedingsIn their Commercial Division Update column, George Bundy Smith and Thomas Hall discuss the so-called “discount for lack of marketability” — when New York courts will discount the value of minority shares to account for the lack of marketability inherent in the sale of a close corporation— and review recent Commercial Division cases that refine its application.
By George Bundy Smith and Thomas J. Hall
10 minute read
October 20, 2014 | Commercial Litigation Insider
General Jurisdiction in New York After 'Daimler'George Bundy Smith and Thomas Hall write: Recent Commercial Division decisions make clear that the new standard set forth under Daimler v. Bauman has reduced the reach of New York courts' general jurisdiction over non-domiciliary corporations by providing only a 'limited set of affiliations' that can now confer general jurisdiction.
By George Bundy Smith and Thomas J. Hall
11 minute read
October 17, 2014 | New York Law Journal
General Jurisdiction in New York After 'Daimler'In their Commercial Division Update, George Bundy Smith and Thomas J. Hall review recent decisions that make it clear that the new standard set by the U.S. Supreme Court in 'Daimler v. Bauman' has reduced the reach of New York courts' general jurisdiction over non-domiciliary corporations by providing only a "limited set of affiliations" that can now confer general jurisdiction.
By George Bundy Smith and Thomas J. Hall
11 minute read
August 15, 2014 | New York Law Journal
The Wrongful Act Requirement for Piercing the Corporate VeilIn their Commercial Division Update, George Bundy Smith and Thomas J. Hall review recent decisions that make it clear that abuse of the corporate form is not enough to impose a corporation's liabilities on its shareholders. A party seeking to pierce the corporate veil needs to prove a wrong committed against it, and must also establish a causal connection between the abuse of the corporate form and the wrongful conduct for which relief is sought.
By George Bundy Smith and Thomas J. Hall
11 minute read
June 24, 2014 | Commercial Litigation Insider
Interpreting Conflicting Contractual ProvisionsIn their Commercial Division Update for the New York Law Journal, George Bundy Smith and Thomas J. Hall write: As the New York Court of Appeals has directed, where clauses in a contract appear in conflict, "every attempt should be made to harmonize the two provisions using common-law tools of contract interpretation." We examine some of those tools used by the Commercial Division and other courts in resolving such conflicts.
By George Bundy Smith and Thomas J. Hall
11 minute read
June 20, 2014 | New York Law Journal
Interpreting Conflicting Contractual ProvisionsIn their Commercial Division Update, George Bundy Smith and Thomas J. Hall write: As the New York Court of Appeals has directed, where clauses in a contract appear in conflict, "every attempt should be made to harmonize the two provisions using common-law tools of contract interpretation." We examine some of those tools used by the Commercial Division and other courts in resolving such conflicts.
By George Bundy Smith and Thomas J. Hall
11 minute read
May 01, 2014 | New York Law Journal
Voting Engages Citizens on Important IssuesThomas J. Hall, president of the Richmond County Bar Association, writes: Every citizen who exercises his or her right to vote becomes engaged on the variety of issues that affect that citizen's national, state and local government.
By Thomas J. Hall
3 minute read
April 22, 2014 | Commercial Litigation Insider
Determining Third-Party Beneficiary StatusIn their Commercial Division Update for the New York Law Journal, George Bundy Smith, an arbitrator and mediator with JAMS, and Thomas J. Hall, a partner at Chadbourne & Parke, write: Recent cases demonstrate that the Appellate Departments have developed somewhat antithetical, yet equally supported, views on how circumstances surrounding a contract's formation can affect a party's status as an intended beneficiary of a contract.
By George Bundy Smith and Thomas J. Hall
11 minute read