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    Court preserves right to sue receiver in respect of court-approved transaction
    2009-07-30

    1117387 Ontario Inc., by court order in October 2003, was placed under receivership for defaulting on payment of a mortgage. In October 2008, the Court was asked to approve the receiver’s third report and the proposed sale of the mortgaged lands. A complicating factor was that the mortgaged lands were subject to environmental contamination as a result of a neighbouring oil and gas facility.

    Filed under:
    Canada, Banking, Insolvency & Restructuring, Litigation, Dentons, Pollution, Surety, Debtor, Debt, Mortgage loan, Fossil fuel, Frivolous litigation, Vexatious litigation, Default (finance)
    Authors:
    David W. Mann , David LeGeyt
    Location:
    Canada
    Firm:
    Dentons

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