Leading retailer prevails in commercial lease dispute
Clients Leading retail department store
Jones Day achieved a complete victory for its client, a leading retail department store, in a JAMS arbitration concerning the effectiveness of the store’s exercise of its option rights under its long-term commercial lease. The retailer’s landlord sought to evict the retailer, arguing that its exercise of its option to extend the lease was ineffective. The arbitration panel found in favor of the client on all claims and counterclaims.