Many years ago, in 1999, the Canadian shopping centre industry endured the previously unthinkable: the Canada-wide closure of the venerable Eatons chain of department stores. A proposal under the CCAA was sanctioned by the Ontario Superior Court of Justice. In due time, the process culminated in bankruptcy. The Eatons CCAA Order had a novel impact on others occupants' leases: for the first time, a CCAA Order prohibited other tenants of shopping centres formerly anchored by Eatons from exercising any co-tenancy rights under their leases, that would otherwise have been triggered by Eatons' closure.
Read the full article here: Everything Old is New Again- October 5-2015
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