In the News
Uniform Voidable Transactions Act Signed Into Law (New York Law Journal)
New York Law Journal, December 9, 2019
Uniform Voidable Transactions Act Signed Into Law
On Dec. 6, 2019, Gov. Andrew Cuomo signed legislation modernizing New York’s 95-year-old fraudulent conveyance law and making it consistent with the U.S. Bankruptcy Code and the law of at least 44 other states. The Uniform Voidable Transactions Act (UVTA) primarily clarifies the rights and remedies of parties involved in transactions with financially distressed entities…. Both the New York City Bar Association and the New York State Bar Association supported New York’s adoption of the UVTA.
