In an earlier article, Are Yellowstone Waivers Enforceable?, New York Law Journal, April 10, 2014, at 4, col. 1, we explored whether a commercial tenant could waive its common law right to seek a Yellowstone Injunction.
As It Turns Out, <i>Yellowstone</i> Waivers Are Enforceable
Four years ago, we explored whether a commercial tenant could waive its common law right to seek a <i>Yellowstone</i> Injunction. At that time, there was no appellate authority directly on point. This all changed on Jan. 31, 2018, when the Appellate Division, Second Department ruled in <i>159 MP Corp., v Redbridge Bedford, LLC</i> that the “commercial tenants' voluntary and limited waiver of declaratory judgment remedies in their written lease is valid and enforceable, and not violative of New York's public policy …”
By
Jeffrey Turkel and Joshua Kopelowitz
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