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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?
BUSINESS LAW, REAL ESTATE LAWSubsection 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,…
BANKRUPTCY AND SUMS HELD IN TRUST AS SECURITY FOR COSTS: THE COURT OF APPEAL RULES IN FAVOR OF THE TRUSTEE IN BANKRUPTCY
LITIGATIONAre the sums held in trust by a bankrupt's attorney as security for costs, pursuant to Section 492 of the Code of Civil Procedure, the property of the bankrupt?
On August 31, 2018, in PricewaterhouseCoopers Inc. vs. Proteau [1], the Court…
IS A NOMINEE STILL USEFUL IN REAL ESTATE TRANSACTIONS?
BUSINESS LAW, REAL ESTATE LAWSince 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…