Live Breaking News & Updates on Equinox Bedford Ave Inc
Stay updated with breaking news from Equinox bedford ave inc. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
A few months ago, a Commercial Division court granted summary judgment in favor of the plaintiff-landlord in a case involving a commercial lease for a gym that was closed due to. ....
Commercial tenancies, COVID-19 and 'frustration of purpose' – Maryland Daily Record thedailyrecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thedailyrecord.com Daily Mail and Mail on Sunday newspapers.
The United States District Court for the Southern District of New York (the “Court”) decided in Gap Inc. v. Ponte Gadea N.Y. LLC on March 8, 2021 that a retail tenant will not be able. ....
Advertisement COVID-19 Update: Can t Lose What You Never Had: Court Rejects All Legal Theories Asserted by Retail Tenant Wednesday, May 19, 2021 Court”) decided in Gap Inc. v. Ponte Gadea N.Y. LLC on March 8, 2021, that a retail tenant will not be able to use the COVID-19 pandemic as an excuse for not making rent payments under multiple legal theories. This case is one of many cases now before New York courts in the aftermath of New York’s decision to shut down non-essential businesses during the rise of the COVID-19 pandemic. The Gap Inc. (the “ GAP”) commenced the action against its landlord, Ponte Gadea New York LLC (“ ....
To print this article, all you need is to be registered or login on Mondaq.com. In a survey of cases in federal, state and bankruptcy courts, commercial tenants seeking to delay or excuse the payment of rent because of pandemic-related downturns in business sometimes looked to the equitable doctrines of frustration of purpose and impossibility for relief. Both of these doctrines allow for the argument that a default is excusable under circumstances that were unforeseeable to the parties at the time of the contract s formation. While commercial tenants sometimes use these doctrines in tandem, they are distinguishable in their underlying aims. The ....