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Should the conditional sale vendor or lessor include the electric vehicle charging unit in the deal?
Learn about the recent recognitions received by our Financial Services and Restructuring Group lawyers. Vehicles need fuel to operate. Until recently the fuel was usually a petroleum product. Conditional sale vendors and lessors of vehicles do not finance equipment to...
Projet de loi 96 : nouveauté ou déjà vu ?
Le 13 mai 2021, le projet de loi 96 : Loi sur la langue officielle et commune du Québec, le français (le « Projet de loi ») a été déposé par le gouvernement du Québec. Ce Projet de loi vise à assurer...
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Lessons for lenders: Personal knowledge and addressing the evidentiary burden remains key
Introduction It is common for a special loans officer of a secured lender to swear an Affidavit on behalf of their financing institution in connection with enforcement proceedings. However, a recent Master’s decision, Meridian OneCap Credit Corp v Nikos Directional...
Paiement par la caution des honoraires juridiques du prêteur encourus pour poursuivre l’emprunteur
Voici un sommaire d’un jugement portant sur le droit de la Banque de se faire rembourser les honoraires juridiques qu’elle a encourus pour poursuivre la Caution en justice et obtenir un jugement contre elle. Faits Les faits de cette affaire...
Mise en garde aux créanciers : La maîtrise, l’opposabilité et le rang de leur sûretés sur des créances pécuniaires
Le 2 décembre 2020, la Cour d’appel du Québec (la « Cour »), sous la plume du Juge Robert M. Mainville, a rendu le premier jugement (le « Jugement ») à propos de l’application de l’article 2713.3 du Code civil du Québec (le « C.c.Q. ») dans l’affaire...
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Decentralized finance: Regulation, growth, and legal enforcement
Decentralized finance (“DeFi”) is a financial alternative offered through various cryptocurrency platforms where liquidity pools are available to investors without the need for third-party lending institutions. In the years to come, the nascent DeFi industry may shape, transform and even...
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Lenders take note: Exercising discretion in good faith affirmed by the Supreme Court of Canada
On February 5, 2021, the Supreme Court of Canada released its decision in Wastech Services Ltd. v. Greater Vancouver Sewerage and Drainage District[1] (“Wastech v. Metro”), where it clarified the duty of contracting parties to exercise discretion in good faith....
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The Highly Affected Sectors Credit Availability Program (HASCAP): A further COVID-19 relief measure for businesses
As the COVID-19 pandemic continues to take a toll on the Canadian economy, many continue to need additional financial relief to help them survive the negative impact of the pandemic on their business and their corresponding cash flow. By now...
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Paths Forward in Financially Troubled Times: A Restructuring and Insolvency Guidebook for Charities and Non-profit Organizations
The Muttart Foundation
Susan Manwaring and Craig Mills are contributors to The Muttart Foundation’s Paths Forward in Financially Troubled Times: A Restructuring and Insolvency Guidebook for Charities and Non-profit Organizations. The resource sets out various options available to organizations experiencing financial hardship. Read...
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Expansion of s. 38 of the BIA assignment of claims
Historically, an assignment of claims pursuant to s. 38 of Bankruptcy and Insolvency Act (the “BIA”)[1] has only been used in the context of an assignment in bankruptcy. For instance, the use of s. 38 of the BIA in the...
