Allen Matkins Partners Scott Leipzig and Tim Hsu Prevail in Arbitration Concerning a Buyer’s Right to Terminate a Purchase Agreement and Recover its Deposit Following COVID-19 Disruptions
By EsqSocial Corporation 19/01/21
Last week, an arbitrator ruled that the purchaser of a commercial real estate property could terminate its purchase agreement and recover its non-refundable deposit, even though it had previously waived all contingencies, based on the specific impacts on the property from the COVID-19 pandemic given the specific language of the governing agreement....
By: Allen Matkins