Originally Posted by The Big D
I imagine this same strategy works under European law too.
I hate it from an ethical standpoint when people freeroll on bankruptcy law like that, but it is a VERY effective strategy for restructuring leases and contracts.
I'm not sure it's very effective. If I were the landlord I would be tempted to say: go ahead and file for bankruptcy. I hate being blackmailed and would rather eat the loss of the remaining term than let them get away with it.
Collaborating to get to a solution both parties can live with is better than playing win/lose games.