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" ... New York's adoption of the UVTA will have the effect of superceding many decades of New York's legal decisions — particularly the huge mass of confusing New York opinions dealing with "fair consideration", which phrase is not used at all in the UVTA — and creating a clean slate for the New York courts to start resolving fraudulent transfer issues according to the text of this new statute, albeit with the benefit of over three decades of non-New York cases arising under the UFTA for the New York courts to review for guidance. It is a change that is long overdue. ... "