The 9th Circuit dealt with conflict-of-laws in a bankruptcy case involving a contract’s choice-of-law clause. The Court noted that in bankruptcy cases, federal choice-of-law governs which state law applies in a dispute. This case involved a promissory note, which provided that Ohio law would apply to lawsuits brought under the note.
Debtors purchased a condo in California, but one of the notes entered into by the Debtors contained a clause stating that: “[N]ote shall be governed by and construed in accordance with the laws of Ohio, without regard to conflict of law principles.”
Log In to READ MORE
Please note, in order to view NACBA Member Content, you must sign in and then visit NEWS. If you are not a NACBA member, you may Become a NACBA Member
No Comments