It is not uncommon in the restaurant business for a restauranteur to partner with a silent-partner investor, i.e. the money guy. It’s not uncommon for the restaurant partners to fight over the control of the restaurant....more
Spring is soon upon us. March Madness is at our doorstep. The Formula 1 season is underway. Baseball season will be in full swing shortly. And my allergies are already in bloom....more
3/17/2025
/ Arbitration ,
Business Disputes ,
Business Divorce ,
Business Litigation ,
Buy-Sell Agreements ,
Corporate Governance ,
Dispute Resolution ,
Fiduciary Duty ,
Limited Liability Company (LLC) ,
Shareholder Litigation ,
Shareholders' Agreements
Join me if you know this refrain: In New York, deadlock is not an independent ground for LLC dissolution.
But…
Almost exactly two years ago from today, Peter Mahler published a post titled: “Has the Time Come for...more
Evidence of ownership. Necessary in business divorce. Not always so easy to prove. Today’s case— Xiaoyan Lu v Sagewood SFF III LLC, 2024 NY Slip Op 05895 (1st Dept 2024)—gives an example of how far (or not) the doctrines of...more
About 40 years ago, a son and his mother first teamed up to invest in purchasing and managing over a dozen buildings in New York through 4 co-owned entities, each owned on a 50/50 basis. Fast forward several decades and the...more
6/24/2024
/ Appraisal ,
Bench Trial ,
Business Litigation ,
Business Valuations ,
Co-Ownership ,
Fair Valuation ,
Family Businesses ,
Limited Liability Company (LLC) ,
Loans ,
Property Valuation ,
Real Estate Holding Companies