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Hong Kong retail stand-off turns nasty with landlords suing tenants to recover arrears as recession

The months-long stand-off between Hong Kong’s commercial landlords and retailers is taking a turn for the worse, as a third wave of coronavirus outbreak amid the city’s worst recession crimped retail sales, pushing many businesses to the brink of bankruptcy.

Harbour City, one of Hong Kong’s best-known luxury shopping centres and a favourite for mainland China’s shopping tourists, last week sealed off the stores of clothing retailers G2000 and Anagram in a dispute between the owners and the landlord Wharf Real Estate Investment Corp.

Wharf Reic also separately sued UA Cinemas last week for HK$1.92 million in unpaid rent at its Times Square building in Causeway Bay, while Hang Lung Properties has sued UA six times since May for HK$7.17 million owed at Amoy Plaza.

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