During her many years as Presiding Justice of the Brooklyn Commercial Division, New York Supreme Court Justice Carolyn E. Demarest (Ret.) decided some of the most important and challenging business divorce matters including the Mizrahi case which established equitable buy-out as an available remedy in LLC dissolution cases, and the Natanel case in which after trial she ordered dissolution of a 50/50 real estate LLC that had no operating agreement based on conflicting testimony as to its purpose. In this episode of the Business Divorce Roundtable, Justice Demarest shares her judicial perspective on those cases and a variety of other issues in business divorce litigation. The interview also features a discussion with Justice Demarest, who joined JAMS as a neutral after leaving the bench last year, about the benefits of mediating business divorce disputes.
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