- Category
- Articles
- Date
- Aug. 10, 2017
- Title
-
Understanding When Claims Travel With The Debt
Corporate partners Abbe L. Dienstag and John Bessonette’s article “Understanding When Claims Travel With The Debt” appeared in Law360 on August 10, 2017. The article examines section 13-107 of the New York General Obligations Law which provides a transfer of a bond “vests in the transferee all claims or demands of the transferrer.” Section 13-107 extends to all claims, whether in contract or in tort, including fraud. However, it is limited to claims against obligors and certain other direct actors. The recent New York State Supreme Court case of One Williams Street Capital Management LP v. U.S. Education Loan Trust IV LLC affords a useful opportunity to review this important statute.
Related People
-
-
Abbe L. Dienstag
-
- Counsel
- Co-author
- New York
- vcard
-
-
-
John Bessonette
-
- Partner
- Co-author
- New York
- vcard
-
