Contech Enterprises Ltd. v. Vegherb, LLC
The Court of Appeal allowed the appeal, holding the license was a PPSA security agreement and Vegherb had a perfected PMSI. The proposal's classification and extinguishment terms were unfair.
- Proposal approval under bia s.59(2)
- Security interest characterization under ppsa
- Purchase money security interest (pmsi) priority
- Classification of creditors/commonality of interest
- Termination of license vs. ppsa remedies
- Application of re giffen