Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
ARBITRATION
An arbitration clause was limited to the issue of fair market value of the tenant's interest in the leased property. A lease with a hotel gave the landlord the right to purchase the tenant's interest in the hotel if the tenant elected to transfer its hotel business to a third party. In the event the parties could not agree on the fair market value of the interest, the lease required the parties to arbitrate. When the landlord decided to exercise its option to purchase, and the parties were unable to agree on the price, the hotel filed a demand for arbitration of that issue as well as several other disputes between the parties.
The landlord filed a motion to stay arbitration and the court concluded that the sole issue for arbitration would be the fair market value for the tenant's interest in the hotel, pursuant to the arbitration clause in the lease. The court subsequently stayed the arbitration when it found that the hotel had defaulted on the lease and the landlord had terminated it.
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?