Protect Yourself From the 'Bad Boys'

, New York Law Journal


David Djaha and Keith Wofford, partners at Ropes & Gray, and Chrystal LaRoche, an associate with the firm, write: Given some recent court decisions strictly enforcing bad boy guaranties and related legislative enactments and proposals, borrowers and their sponsors who assume personal liability under these guaranties are well advised to carefully scrutinize and to try to negotiate non-recourse carve-out provisions contained in their real estate transaction documents.

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