Commercial Division Enforces Forum-Selection Clause | Patterson Belknap Webb & Tyler LLP
To embed, copy and paste the code into your website or blog: Can the purchasers of promissory notes containing non-New York forum-selection clauses enforce the notes in the Commercial Division? Not without an extraordinary showing as to why the clauses should be set aside, according to Commercial Division Justice Elizabeth Emerson’s recent decision in Stein v. United Wind, Inc.[1] In Stein, Justice Emerson granted a motion to dismiss an action to enforce promissory notes where the notes designated Delaware as the exclusive forum for any disputes arising in connection with the notes. ...
Source: jdsupra.com