Forjay Management Ltd. v. 0981478 B.C. Ltd., 2018 BCSC 527

Robert Cooper, K.C. and Eric Aitken, acting alongside Nicholas Hooge at Farris Vaughan Wills & Murphy LLP, were successful for the respondent developer.

The British Columbia Supreme Court rejected an application brought by the court-appointed Receiver to complete 40 pre-sale purchase contracts. The court sided with the developer and the secured creditors in holding that in light of the substantial increase in market value of the 40 units, it was appropriate to direct the Receiver to disclaim the contracts and take immediate steps to remarket and sell the units. See Forjay Management Ltd. v. 0981478 B.C. Ltd., 2018 BCSC 527 

 

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