Entries by C4 Communications

TAK VILLAGE: SIGNIFICANT PARTNERSHIP BETWEEN DEV MCGILL AND KNIGHTSBRIDGE

Gascon is proud to have participated in the establishment of a partnership between two well-known actors from the Montreal real estate community, Dev McGill and KnightsBridge, for the realization of the Tak Village housing project. Tak Village will bring together condos and townhouses in a green village located in the effervescent neighborhood of Rosemont. Our […]

GASCON REPRESENTS A COMPANY MANUFACTURING AND SELLING TUBULAR CHAIN CONVEYOR SYSTEMS BEFORE THE SUPERIOR COURT OF QUÉBEC

On March 27, 2019, in Luxme International Ltd. v. Patrice Lasnier, Axis Conveyor Inc. and Tube4 Conveyor Inc., the Superior Court rendered a judgment granting the injunctive conclusions sought by the plaintiff against the defendants. In this case, which raised intellectual property, unfair competition and labor issues, the Superior Court found that defendant Lasnier, a […]

IMPLEMENTATION OF A PARTNERSHIP BETWEEN PRÉVEL AND IPSO FACTO FOR THE DEVELOPMENT OF A MAJOR PROJECT NEAR THE JACQUES CARTIER BRIDGE

Built on more than 400,000 sq. ft. of land near the Jacques-Cartier Bridge and representing one of the largest sites still available for real estate development in the downtown area, Prével, in partnership with Ipso Facto, investissement immobilier, intends to develop a major mixed-use project that will allow for the cohabitation of residential buildings, offices […]

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PARTNERSHIPS ARE NOW 90% WELCOME

Since the introduction of the transfer duties tax, otherwise known as the “welcome tax”, various exemptions existed for transfers of real estate between 90% closely related persons or entities. 90% closely related means that one party has a 90% or more interest in the other party. However, for some unknown reason, partnerships, general or limited […]

BILL 401 AND ITS IMPACT ON CO-OWNERSHIP INSURANCE

Bill No.401, namely the Act mainly to improve the quality of buildings, the regulation of divided co-ownership and the operation of the Régie du logement, which came into effect in July 2018, brought significant changes to the law of co-ownership, especially in the field of insurance. Here are a few of them: Liability insurance The […]

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DOES A PARTNERSHIP HAVE THE RIGHT TO AVAIL ITSELF OF THE PROVISIONS OF 10(1) OF THE INTEREST ACT TO REIMBURSE A LOAN AFTER 5 YEARS?

Subsection 10(1) of the Interest Act (RSC 1985 c I-15) (the « Act ») stipulates that when a loan (principal or interest) guaranteed by a hypothec on immovables or real property becomes payable more than five years after the date of the hypothec, the debtor has the right, at any time following the expiry of the said […]

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IS A NOMINEE STILL USEFUL IN REAL ESTATE TRANSACTIONS?

Since the tabling of the provincial budget on March 17, 2016, when there is a transfer of an immovable property in Québec and such transfer is not published in the land register, the purchaser must nevertheless report it to the relevant municipality and pay the applicable transfer duties.  Failing this, the purchaser exposes itself to […]