Under New York Law a Recourse Provision Bars Most Claims Except for Fraud
By EsqSocial Corporation 12/03/25
In Iberdrola Energy Projects v. Oaktree Capital Management L.P., 231 A.D.3d 33, 216 N.Y.S.3d 124, the Appellate Division for the First Department ruled that a nonrecourse provision in a contract barred a plaintiff’s causes of action for tortious interference with contract, unjust enrichment, and statutory violations of a trade practices statute, but not for fraud....
By: Robinson+Cole Construction Law Zone