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Email A recent decision of New York’s highest court potentially strengthens the ability of lenders to bring suits against third parties for participation in a borrower’s breach of single purpose entity/bankruptcy remote loan document covenants. https://www.cadwalader.com/resources/clients-friends-memos/dont-lend-no-hand-to-raise-no-flag-atop-no-ship-of-fools-breach-of-spe-provisions-by-non-borrower-exposes-non-borrower-to-potential-tort-liability