The CEC Entertainment case shows that bankruptcy courts may be willing to grant debtors extraordinary relief in light of the ongoing pandemic, but only if there is some contractual basis to do so.
The Upper West Side building has garnered substantial attention for its potential "haircut," or the removal of already-built floors at the top of the tower.
The law firm is leaving it up to employees whether they work from home or the new office. The COVID-19 pandemic didn't change its original plan for a 50,000-square-foot space.
The pandemic left the house's tenants unemployed and unable to pay rent, Gaber wrote. But landlords repeatedly demanded the tenants pay the rent or move out, according to the complaint, and in July, the situation escalated.