Court of Appeal for British Columbia delivers landmark decision addressing reverse vesting orders in receiverships

In a groundbreaking ruling, the Court of Appeal for British Columbia recently delivered a decision that is poised to significantly influence insolvency proceedings. The case, cited as British Columbia v. Peakhill Capital Inc., 2024 BCCA 246, marks the first time an appellate court has addressed the jurisdiction and appropriateness of reverse vesting orders (RVOs) in receivership contexts. This ruling provides crucial insights into the court's reasoning and its implications for legal and non-legal professionals alike.

Background and core issue

Filed under:
Canada, Insolvency & Restructuring, Litigation, Dentons, British Columbia Court of Appeal
Authors:
Jordan Schultz
Location:
Canada
Firm:
Dentons
Review of the Jameson House restructuring

Jameson House Properties Ltd. and Jameson House Ventures Ltd. (the Jameson Companies) were incorporated to develop a 37-storey mixed-use building in downtown Vancouver called Jameson House. By 2008, after many years of planning and development, the Jameson House project was well underway.

Filed under:
Canada, Construction, Insolvency & Restructuring, Litigation, Dentons, Bankruptcy, Legal personality, Debtor, Liquidation, Cashflow, Companies' Creditors Arrangement Act 1933 (Canada), Bankruptcy and Insolvency Act 1985 (Canada)
Authors:
John R. Sandrelli , David A. Goult , Robert G. Nikelski , Jordan Schultz
Location:
Canada
Firm:
Dentons