Wednesday, November 4, 2015

“Equitable” Forced Buyout

EquitableForced Buyout

      Peter Mahler, at New York Business Divorce, has reviewed the second decision by the New Jersey Court of Appeals in All Saints University of Medicine Aruba v. Chilana, No. A-2425-13T1 (N.J. Super. Ct. App. Oct. 27, 2015).  In this decision, notwithstanding the absence of a mandatory buyout upon dissociation provision in the then controlling New Jersey LLC Act, the Court of Appeals directed the lower court to consider ordering a buyout as a common-law equitable remedy.
       HERE IS A LINK to Peter’s review of this decision

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