August 7, 2020

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New York Court Allows J.Crew to Shutter Under Terms of Mall Lease Despite Continuous Operations Provision

Malls throughout The united states, lengthy suffering even just before the rise of COVID-19, are now pressured to confront a wave of retailer closures. Troubled vendors will, without having doubt, look for to close their failing shopping mall places. To stem these attempts, landlords have applied to courts for injunctive reduction to pressure merchants to stay open and running, inspite of lagging revenue, through the enforcement of the “constant functions provision” identified in shopping mall leases.