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NY Decision Opens Door For Yellowstone Injunction Waivers

Law360 (February 9, 2018, 11:40 AM EST) -- In New York City, the world of commercial landlord/tenant disputes is big business. And in that world, the bedrock of commercial tenant rights is the Yellowstone injunction. What is a Yellowstone injunction? When a landlord believes that a commercial tenant is in default of its lease obligations, the landlord typically will send a default notice to the tenant specifying a brief time frame for the tenant to cure the default (generally between 5 and 30 days). Where the tenant disputes that it is in default, it...
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