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Cineworld was in the process of acquiring Cineplex, the largest theatre chain in Canada, when the pandemic happened. They want to walk away from the contract an
by smnrchrds 6y ago
Cineworld was in the process of acquiring Cineplex, the largest theatre chain in Canada, when the pandemic happened. They want to walk away from the contract and Cineplex in suing them. IIRC, the contract specifically says pandemics are not a valid reason for termination, so this should be interesting to watch.
https://www.cbc.ca/news/business/cineworld-takeover-cineplex-termination-1.5573054 https://www.cbc.ca/news/business/cineworld-takeover-cineplex...
- claydavisss 6y agoAt worst, Cineworld pays a penalty for breach of contract, but that will be another debt collected in bankruptcy.