Considering Lease Concessions In The Face Of A Tenant Bankruptcy by Douglas Rosner, Goulston & Storrs
Landlords are receiving a deluge of requests to provide rent relief to commercial tenants whose operations have either been closed or substantially restricted as a result of state and local governments’ COVID-19 stay-at-home orders and related restrictions. Some tenants are using the threat of a bankruptcy filing as leverage to obtain these concessions.
Inheritance and Condominium: an Example of (Avoidable) Condominium Litigation by Gianfranco Di Garbo, Interconsulting
Reading this sentence of the Court of Rome one touches with one's hand an example of avoidable quarrel between condominiums, a phenomenon that, according to a reliable statistic, has reached considerable proportions, absorbing about a fifth of all pending civil cases in Italy, many of which could be resolved with common sense, as well as, of course, with the mediation tool, which, however, as we know, has historically had a low success rate
NYC Legislation Limits Enforcement of Personal Liability Provisions and Prohibits Harassment for Certain Commercial Tenants by Derek Domian, Goulston & Storrs
On May 26, 2020, the New York City Council passed two laws, effective immediately, intended to provide relief to certain commercial tenants during the COVID-19 pandemic. These laws supplement federal relief bills and the executive orders that have been issued by Governor Cuomo, and purport to limit the recourse available to landlords against certain guarantors of leases. This advisory summarizes these laws, their implications, and their potential vulnerability to legal challenge.