The United States Bankruptcy Court for the Northern District of Illinois ruled that a force majeure clause in a commercial lease partially excused a restaurant tenant from paying rent during the period of the Illinois state executive order restricting dine-in restaurant operations. This decision is one of the first to test the application of a force majeure clause in the COVID-19 pandemic.
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On May 26, 2020, New York City Mayor Bill de Blasio signed into law NYC Council Int. No. 1932-A and NYC Council Int. No. 1914-A, which provide greater protections for commercial tenants affected by the COVID-19 pandemic.
To read the full text of this Duane Morris Alert, please visit the firm website.
The global outbreak of the novel coronavirus (COVID-19) is the most critical problem facing the world now.
The Singapore government has acted swiftly to reduce the risks of local transmission. At the time of publication of this Alert, all bars and entertainment venues such as nightclubs, cinemas and games centres have been prohibited from operating. In addition, all gatherings involving more than 10 persons have been prohibited. Food and beverage, retail, and health and fitness businesses have been allowed to continue their operations (but with further precautionary measures)―for now. It is certain that these regulations will, and must, be tightened if the health crisis continues on its current trajectory.
To read the full text of this Duane Morris Alert, please visit the firm website.
