On 28 March 2020, the lower chamber of the Polish Parliament (Sejm) enacted an amendment to the Law on Special Measures for COVID-19 and Crisis Prevention (hereinafter referred to as the Amendment). With reference to the real...more
The Polish government has submitted an amendment to the Law on Special Measures for COVID-19 and Crisis Prevention which, among other things, stipulates a temporary 90% rent reduction for most tenants in shopping centers.
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3/30/2020
/ Business Closures ,
Business Interruption ,
Coronavirus/COVID-19 ,
Landlords ,
Poland ,
Proposed Amendments ,
Relief Measures ,
Rental Property ,
Retail Market ,
Shopping Centers ,
Tenants
The “business as usual” strategy, as adopted by many market players, allows for the minimisation of negative consequences and the avoidance of destabilisation. Nevertheless, with regard to administrative measures imposed by...more