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Jan 17, 2013

Common Sense Trumps Extra Words in Governing Law Clause

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In IRB-Brasil Resseguros v. Inepar Investments, the New York Court of Appeals held that a court interpreting a contract where the parties have chosen New York law, pursuant to New York General Obligations Law section 5-1401, should apply New York substantive law to the contract. New York substantive law applies regardless of whether the parties explicitly excluded New York conflict-of-laws rules and even if a traditional conflict of laws analysis would result in the application of another jurisdiction’s substantive law.

View full memo, "Common Sense Trumps Extra Words in Governing Law Clause"

Authors and Contributors

Antonia E. Stolper

Partner

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Adam Hakki

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Brian H. Polovoy

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Henry Weisburg

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International Arbitration

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Jonathan L. Greenblatt

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John Gueli

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Joshua Thompson

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Gregory Tan

Partner

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Reade Ryan, Jr.

Of Counsel

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