Extrinsic evidence is inadmissible to contradict unambiguous contract terms; a party cannot anticipatorily breach a contract obligation that does not exist

In Art Works Inc. v. Al-Hadid, Index No. 651267/2021 (N.Y. Sup. Ct., N.Y. County, May 10 2022), the New York Supreme Court held that a consignment agreement did not give an art gallery an ownership interest in an artist’s consigned work. The court also held that a party’s insistence on agreement to terms for a mediation did not constitute anticipatory breach of the contract’s mediation provision… Read more

New York Not Proper Forum for Action Against Foreign Defendant for Conduct Abroad

In Kingstown Capital Mgmt. v. Vitek, 0:20-cv-03406 (2d Cir. Sep. 1, 2022), the Second Circuit affirmed the dismissal of a RICO suit filed in the Southern District of New York by a Delaware investment firm against foreign defendants for conduct that occurred outside the United States and was already the subject of a foreign proceeding under foreign law… Read more