Two recent Ontario cases act as a reminder and reconfirmation
  1. Leases Over One Year Must be Registered in all Provinces Except Québec

In recent years the Ontario Personal Property Security Act (“PPSA”) changed the scope of its application to include all leases for a term of more than one year, regardless of whether it is a “true” or “financing” lease. This is a different rule than exists in the United States and one often missed on cross border transactions.

Filed under:
Canada, Ontario, Asset Finance, Insolvency & Restructuring, Litigation, Real Estate, Cassels Brock & Blackwell LLP, Ontario Superior Court of Justice, Quebec Court of Appeal
Authors:
Keri Wallace , Sarah McKinnon
Location:
Canada
Firm:
Cassels Brock & Blackwell LLP