In its June 11, 2014 decision in Iona Contractors Ltd. (Re), 2014 ABQB 347 (“Iona Contractors”), the Court of Queen’s Bench of Alberta (the “Alberta QB”) held that the trust created by section 22 of the Builders’ Lien Act (Alberta) is not effective in the bankruptcy of a would-be trustee debtor. This result is consistent with, but reached completely independently of, the recent Ontario Superior Court of Justice (Commercial List) decision in Royal Bank of Canada v. Atlas Block Co.
Pan Canadian Mortgage Group v. 679972 B.C. Ltd., 2013 BCSC 1078 (Pan Canadian), addresses the nature and priority of a purchaser’s lien, which, in general terms, is a financial charge that results when a purchaser pays a deposit toward the purchase price under a contract of purchase and sale.
On September 6, 2012, the Commission des lésions professionnelles (the CLP) deliberated on the interpretation of article 316 of An Act Respecting Industrial Accidents and Occupational Diseases(the Act) which states that the Commission de la santé et de la sécurité du travail (the CSST) can require from an employer that retains the services of a contractor to pay the assessment due by said contractor.
When a contractor pays money into court to discharge a lien of a sub-contractor, can that money only be used to discharge that lien holder’s claim? Or is it available to pay the liens of all eventual lien holders? In Canadian Western Bank v.
In the recently released Judgment in Bank of Montreal v. Peri Formwork Systems Inc.1, the British Columbia Court of Appeal was called upon to decide whether a Monitor, under the Companies’ Creditors Arrangement Act (“CCAA”)2, or a Receiver, under the Builders Lien Act 3, could borrow monies to complete a development project in priority to claims of builder’s liens registered against the project.
Bill 68 – An Act to promote Ontario as open for business by amending or repealing
certain Acts (the “Open for Business Act”)1 received Royal Assent on October 25,
2010. It is an omnibus Act which contains more than 100 amendments to existing
legislation spread out across 10 ministries.
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.
In Kerr Interior Systems Ltd., the Court of Queen’s Bench of Alberta discussed a number of issues which arose as a result of two creditors registering builders liens against a third party’s property in Saskatchewan.
Ausgangssituation
Hsin Chong Construction Company Limited [2019] 原诉法庭 1531 (判决日期2019年6月13日)
合资企业协议通常会包含如下条款:在发生特定事件(包括违约方破产)时,赋予无过错方将违约方排除在合资企业之外的权利。本案中,法庭对该类条款是否无效进行了考虑。
背景介绍
2013年11月,Hsin Chong Construction Company Limited (以下简称“该公司”)与Build King Construction Limited (以下简称“Build King”)签订了一份合资企业协议(“合资企业协议”)并成立了一家非法人型合资企业(“合资企业”),目的是向香港一个政府建设项目(“该项目”)提交投标。该公司和Build King在合资企业中持有的权益分别为65%和35%。香港政府于2016年6月22日将该合同授予给了该合资企业。
该公司于2017年陷入财务困境,并于2018年8月27日面临清盘的命运。
2018年12月13日,Build King行使了其在合资协议下的权利,以该公司破产为由,将该公司从合资企业中排除(“排除条款”)。