New York law
Commercial Litigation Laws in New York.
New York is arguably the leading U.S. commercial-litigation venue. The Supreme Court Commercial Division (created 1995) is a nationally recognized specialized business court with judges handling complex commercial cases in multiple counties. New York law is the most commonly chosen choice-of-law for commercial contracts. New York follows the UCC. New York's General Business Law § 349 (deceptive practices) and § 350 (false advertising) provide plaintiff-friendly consumer-protection remedies. The Southern District of New York is a leading federal commercial court for securities, banking, and international matters.
Last verified: 2026-04-17
State law
Statute of Limitations
Written and oral contracts: 6 years. Property damage and most torts: 3 years. Fraud: 6 years from cause, or 2 years from discovery (whichever later).
State law
Key New York Statutes
Governs sales of goods including warranties, remedies, statute of frauds ($500+), and breach. 4-year statute of limitations for UCC sales claims.
Specialized Commercial Division operates in New York, Kings, Queens, Bronx, Westchester, Nassau, Suffolk, Erie, Onondaga, Albany, Monroe, and additional counties. Handles complex commercial cases meeting monetary and subject-matter thresholds (generally $500K+ in NY County; varies by county).
Prohibits deceptive acts or practices (§ 349) and false advertising (§ 350) in consumer-oriented conduct. Private cause of action with actual damages, up to $50 statutory damages (or treble if willful up to $1,000), and attorney fees.
New York state-law antitrust statute. Prohibits restraints of trade and monopolization. Private cause of action with treble damages.
New York's blue-sky securities statute enforced by the Attorney General. Provides broad civil and criminal remedies for securities fraud; no private cause of action under Martin Act itself.
Statutory rate of 9% per annum — mandatory on most contract judgments, discretionary on tort judgments.
State law
Official Sources
Not Legal Advice
This page summarizes publicly available statutes and rules for informational purposes only. It does not constitute legal advice, and no attorney-client relationship is created by viewing this content. Laws change — always verify with the primary source or consult a licensed attorney in New York.
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