Case Updates
New York Court of Appeals holds that the “validity” of a security under the state Uniform Commercial Code is based on the local law of the issuer’s jurisdiction (even in the presence of a New York choice-of-law clause), but whether the security is enforceable is a question of New York law
February 20, 2024
U.S. Chamber files coalition amicus brief urging New York Court of Appeals to hold that the “validity” of a security under the New York Uniform Commercial Code does not turn on whether a security is enforceable under foreign law
November 09, 2023
U.S. Chamber Coalition Amicus Brief
Vincent Levy and Daniel M. Sullivan of Holwell Shuster & Goldberg LLP and the U.S. Chamber Litigation Center served as co-counsel for the Chamber.