A recent decision from the Southern District of New York may pave the way for broader excuse of performance in COVID-19 force majeure litigation after finding the pandemic is a “natural disaster” that is beyond the parties’...more
1/25/2021
/ Act of God ,
Art Auctions ,
Bankruptcy Court ,
Breach of Contract ,
Commercial Tenants ,
Construction Project ,
Coronavirus/COVID-19 ,
Force Majeure Clause ,
License Agreements ,
Natural Disasters ,
Real Estate Transactions
A recent Chuck E. Cheese decision rejects the debtor’s/tenant’s request to avoid paying rent based upon state law equity arguments.
CEC’s leases expressly do not permit rent relief even if force majeure is triggered....more