This edition of the Baker & McKenzie's Hotels, Resorts & Tourism Newsletter focuses on Non Disturbance Agreements and the issues that account for their complexity.
Long time readers of this newsletter will be aware that we have given considerable attention to Non Disturbance Agreements (NDAs) in past editions. In a post GFC world, an increasing number of operators are insisting that an owner obtain an NDA in a form which is either attached to the management agreement or acceptable to the operator. Often however, the owner, the operator and the financier will have differing views as to whether an NDA is appropriate and, if so, its content.
The starting point is a consideration of the operator, financier and owner motivations.
You can read the September 2011 edition of the Hotels, Resorts & Tourism Newsletter here.
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Founded in 1949, Baker & McKenzie provides sophisticated advice and legal services to many of the world’s most dynamic and successful organizations through more than 3,800 locally qualified lawyers and more than 5,700 professional staff in 68 offices and 40 countries. Baker & McKenzie is known for having a deep understanding of the language and culture of business, an uncompromising commitment to excellence, and world-class fluency in the way we think, work and behave. (www.bakermckenzie.com)