Daily Archives: Thursday, April 12, 2018

Posted: April 12, 2018

“Notwithstanding” Clause Trumps Potentially Contradictory Contract Provision

On April 5, 2018, the First Department issued a decision in Veneto Hotel & Casino, S.A. v. German American Capital Corp., 2018 NY Slip Op. 02414, holding that a “notwithstanding” clause trumps a potentially conflicting contract provision, explaining: [E]ven if section 3.1.7(v) could be interpreted to be inconsistent with section 3.1.11(a), section 3.1.11(a) would still… Read more »