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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).
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."
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