COMPAÑÍA DE INVERSIONES DE ENGERGÍA S.A. v. AEI

4116, 600245/09, 4116A.

80 A.D.3d 533 (2011)

915 N.Y.S.2d 546

COMPAÑÍA DE INVERSIONES DE ENGERGÍA S.A., Respondent, v. AEI, Formerly Known as ASHMORE ENERGY INTERNATIONAL and Another, Appellant.

Appellate Division of the Supreme Court of New York, First Department.

Decided January 27, 2011.


We agree with the motion court that the documentary evidence submitted in support of defendant's motion to dismiss fails to resolve all factual issues concerning whether the parties' restructuring agreement constitutes an "acknowledgment or promise" within the meaning of General Obligations Law § 17-101, and is sufficient to revive defendant's time-barred claim on certain debts owed by plaintiff under bonds issued in 1997. While the restructuring agreement contains an...

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