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Duty to Disclose Due Diligence

Kohrman Jackson & Krantz LLP

Ohio Supreme Court Clarifies No Duty of Disclosure in Guaranty Agreements

In August 2025, the Supreme Court of Ohio issued its decision in Huntington National Bank v. Schneider providing important guidance on the obligations of lenders in guaranty and suretyship relationships. The Court rejected...more

McGlinchey Stafford

Ohio Supreme Court Clarifies Disclosure Duties Between Creditors and Sureties

McGlinchey Stafford on

In a recent opinion, the Supreme Court of Ohio definitively held that a creditor does not have an affirmative duty to disclose facts that materially increase risk to a surety—and nor does a surety have a duty to disclose to...more

Morgan Lewis

Seller Has Increased Duty of Care in Case of a Virtual Provision of Information During Due Diligence Process

Morgan Lewis on

In its verdict of September 15, 2023 (case reference V ZR 77/22), the German Federal Court of Justice (BGH) increased the requirements to be placed on a seller in the context of due diligence. The court determines under which...more

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