Latest on Tenants Inducing Breach of Lease - Liability of Officers and Directors
Date:
September 1 2001
There are often situations where the corporate tenant who has abandoned its lease or otherwise defaulted on its lease obligations has no assets, and there are no guarantees (or inadequate guarantees). The issue then becomes whether there is any claim which will allow the landlord to get around the corporate veil in order to pursue the directors and officers (and shareholders) of the corporate tenant.
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