Legal Alert - Nevada Supreme Court Clarifies Lender v. Mechanics' Lien Priority Disputes
November 13, 2012
by Leon F. Mead II, Laura Ellen Browning and Alison Tashima
On October 25, 2012, the Nevada Supreme Court, in a case of first impression, held that equitable subrogation cannot be used as a method to repair broken priority over mechanics' liens, but left the door open to the potential for a contractual subordination alternative in its decision In re: Fontainebleau Las Vegas Holdings, LLC, 128 Nev. Adv. Op. 53 (Oct. 25, 2012).
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