Suttongate Holdings Limited v Laconm Management N.v. et al. .

Motion No: M-2364

Slip Opinion No: 2017 NYSlipOp 81335(U)

Decided on August 1, 2017

Appellate Division, First Department, Motion Decision

Published by New York State Law Reporting Bureau pursuant to Judiciary Law § 431.

This motion is uncorrected and is not subject to publication in the Official Reports.

August 1, 2017

Suttongate Holdings Limited,

Plaintiff-Respondent,

v

Laconm Management N.V., et al.,

Defendants-Appellants.

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[And other actions]

An appeal having been taken to this Court from the order of the Supreme Court, New York County, entered on or about April 27, 2017, And defendants-appellants having moved for a stay of their obligation to impose mortgages on properties located in St. Maarten, Now, upon reading and filing the papers with respect to the motion, and due deliberation having been had thereon, It is ordered that the motion is granted to the extent of staying defendants' obligations to mortgage the subject properties, on condition that defendants-appellants remain current in their obligations with respect to any existing mortgages and provide immediate notice to plaintiff of any default thereon, or any foreclosure proceeding involving the subject properties, and upon further condition that the appeal is perfected on or before October 2, 2017 for the December 2017 Term, with no further enlargements to be granted. The Clerk is directed to maintain the appeal on for said December 2017 Term, and the motion is otherwise denied. ENTERED: August 1, 2017

_____________________ CLERK

Present - Hon. Rolando T. Acosta, Presiding Justice, Dianne T. Renwick Rosalyn H. Richter Troy K. Webber, Justices

M-2364

Index No. 652393/15