The Champerty Doctrine Under New York Law

A recent New York case demonstrates that the common law doctrine of champerty still poses a threat to the market for distressed debt.

11 minute read January 29, 2013 at 10:55 AM

Jeffrey Gross And Nathaniel J. Palmer

The Champerty Doctrine Under New York Law

A recent New York case demonstrates that the common law doctrine of champerty still poses a threat to the market for distressed debt. Historically, this doctrine barred litigation brought by assignees.

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