On April 6, 2021, in Bank of Nova Scotia v. Davidovit, the Québec Court of Appeal confirmed the validity of the clause in a contract of personal guarantee (or suretyship) for a commercial loan which provides that the guarantor is liable for the legal fees incurred by the creditor to collect from the debtor or […]

The resolutory right is a common guarantee withing the framework of the balance of sale price during an acquisition. It is often used to secure a non-monetary obligation of the buyer. This right is granted to the seller and gives him the right to request the resolution of the sale of an immovable in the […]