Ontario Court of Appeal strengthens the application of the trust provisions of the Construction Act in insolvency context

Earlier this year, the Ontario Court of Appeal released its decision in Urbancorp Cumberland 2 GP Inc. (Re)[PDF], which clarifies the scope and effectiveness of a section 9(1) vendor’s trust under the Ontario Construction Lien Act in insolvency proceedings.

Filed under:
Canada, Ontario, Insolvency & Restructuring, Litigation, Osler Hoskin & Harcourt LLP
Authors:
Roger Gillott , Lia Bruschetta , Catherine Gleason-Mercier
Location:
Canada
Firm:
Osler Hoskin & Harcourt LLP