On April 7, 2014, the United States District Court for the Southern District of New York decided CP III Rincon Towers, Inc. v. Richard Cohen. The question before the court was whether or not real estate owner’s association (“REOA”) and mechanic’s liens triggered full recourse under a non-recourse carveout guaranty. Concluding that these were involuntary liens, the court found that these liens did not result in full recourse under the guaranty. The court also found these items did not trigger loss ...  MORE>

Related Practice

Real Estate