NJ High Court Demands Mediation Settlements In Writing

Law360, New York (August 15, 2013, 3:50 PM EDT) -- Ruling in a dispute between commercial real estate companies over a New Jersey mall property, the state Supreme Court said Thursday that parties looking to enforce a settlement reached in mediation must reduce those terms to a signed, written agreement before the mediation concludes.

Still, the unanimous court refused Willingboro Mall Ltd.'s bid to avoid the enforcement of an oral settlement with 240/242 Franklin Ave. LLC, finding that Willingboro didn't timely raise the lack of a signed, written agreement as a defense. Willingboro, the owner of...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.