Challenge to priority for default interest fails

Section 8 of the Interest Act (Canada) (the Act) was considered by the Ontario Superior Court of Justice in Grant Forest Products Inc. (Re) in the context of an inter-creditor dispute.

Filed under:
Canada, Ontario, Insolvency & Restructuring, Litigation, Blake, Cassels & Graydon LLP, Credit (finance), Debtor, Interest, Debt, Liquidation, Default (finance)
Authors:
Michael Birch
Location:
Canada
Firm:
Blake, Cassels & Graydon LLP