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Arbitration of SEZ sub-lease monetary claims preserves rent, maintenance, termination, improvements and damages disputes while unused premises are vacated.
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Possession of unused premises in a non-operational Special Economic Zone unit was separated from the parties' monetary claims to facilitate use by a viable entrepreneur. The applicable rent-control, Special Economic Zone, or public-premises eviction regime was treated as academic and left open. Claims for rent, maintenance, termination, improvements and damages were referred to arbitration, while the respondent was required to vacate after supervised removal of movables and evaluation of improvements.
Possession of unused premises in a non-operational Special Economic Zone unit was separated from the parties' monetary claims to facilitate use by a viable entrepreneur. The applicable rent-control, Special Economic Zone, or public-premises eviction regime was treated as academic and left open. Claims for rent, maintenance, termination, improvements and damages were referred to arbitration, while the respondent was required to vacate after supervised removal of movables and evaluation of improvements.
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