Freeman

The First of its Kind, Court Rules That Commercial Tenant is Entitled to Reduction in Rent Due to COVID-19 – June 19, 2020

by Arash Beral, Jeffrey S. Goodfried and Jeffrey M. Jensen In what appears to be the first notable decision in the country tackling COVID-19 related implications vis-à-vis commercial contracts, the Bankruptcy Court for the Northern District of Illinois issued an order recently requiring a tenant (a restaurant) to pay only 25% of rent due during…

Contracts in the Era of the Coronavirus Pandemic: Lessons From California World War II-Era Cases that May Inform Our Future – March 25, 2020

by Arash Beral Contracting parties have been aflutter over their duties and obligations in the wake of the coronavirus pandemic.  “Help! Can you help us get out of our contract?” has been a common refrain lately as has been (from the other side) “How could they possibly back out of our deal?”  The onset of…

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