New York Appellate Court Puts Huge Road Block In Way Of Borrowers Seeking To Enjoin UCC Article 9 Sales
By EsqSocial Corporation 26/03/21
Over the last year, since the onslaught of the COVID-19 pandemic, we have continued to report on how the courts have handled efforts by lenders to address pandemic-related defaults, including by means of Uniform Commercial Code (“UCC”) Article 9 sales, and borrowers’ efforts to enjoin and otherwise avoid such sales. (MHH May Blog, MHH June Blog and MHH November Blog) Our prior reports noted a change in the tide of the courts’ views of UCC Article 9 sales, from the more critical view expressed...
By: Moritt Hock & Hamroff LLP