Recently, two significant distressed companies with thousands of commercial leases, Rite Aid Corp. and WeWork Inc., each filed Chapter 11 bankruptcy cases, seeking in part to rationalize their geographic footprints through...more
Emphasizing that the COVID-19 pandemic remains a public health emergency that continues to have an economic impact on the city, Seattle Mayor Jenny Durkan issued an Executive Order to extend orders from March that prohibit...more
Commercial leases often give the landlord the right to accelerate rent through the end of the lease term when the tenant defaults. Acceleration clauses do not usually cause too much controversy in litigation, but there is...more