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    Court Confirmation of Strata Wind-Up Resolutions - The Experience So Far in B.C.
    2018-01-23

    Introduction

    Before July 2016, in order to wind-up a strata corporation voluntarily through a liquidator in B.C., unanimous approval of the strata owners was generally required. The unanimity requirement made strata wind-ups a rare event, and consequently it was exceedingly difficult for owners to sell a strata complex in its entirety for redevelopment. In an influential 2015 report, the B.C. Law Institute (“BCLI”) identified some of the problems with the unanimity requirement:

    Filed under:
    Canada, British Columbia, Insolvency & Restructuring, Litigation, Real Estate, McCarthy Tétrault LLP, Liquidator (law), British Columbia Supreme Court
    Location:
    Canada
    Firm:
    McCarthy Tétrault LLP

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