The Property Line is a brief and lively discussion of the biggest issues facing the commercial real estate industry. The podcast will deliver insights from Seyfarth's real estate lawyers and other industry leaders on current market trends and how they impact all facets of commercial real estate.
This multipart series explores the impact of COVID-19 on commercial leasing and examines new retail leasing issues that will likely live on well past the pandemic. The series is led by Eric Greenberg and James O'Brien, two Seyfarth real estate attorneys who handle commercial real estate issues for some of the nation's largest retailers and landlords.
Episode 3: Force Majeure and US Bankruptcy Case In re Hitz Restaurant Group
In February, Hitz Restaurant Group filed for bankruptcy and stopped paying rent. In March, Illinois Governor J.B. Pritzker issued a government order to suspend food and beverage service due to the COVID-19 pandemic. How was Hitz able to use the government order to trigger force majeure and to partially suspend its rent payments?
This episode discusses the details of this unique case, deconstructing the force majeure clause and highlighting best practices when drafting force majeure provisions.
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