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Court of Appeal set aside a fraudulent conveyance declaration over hashpower transfers, finding NYDIG had known and accepted the business model before lending.
The Supreme Court of British Columbia approved a global CCAA settlement, amended interim financing, a claims process, a stay extension, and retroactive wind farm transaction approval.
The court approved replacement DIP financing and a stalking-horse SISP for UrtheCast, while restructuring priorities so Haleâs charge retained only specified priority amounts.
The court dismissed Andre Bouletâs oppression petition against Inventys, holding the nominations issue was barred by a release and limitation period, and that no oppressive conduct was proven.
Because Lendcare structured and operated its point-of-sale financing so that the vendor effectively approved and controlled the transaction, Lendcare was bound by the vendor's express 10-day cancellation right and could not enforce repayment after the sale and related financing were cancelled; claimant's action was dismissed.
Source excerpt
The court approved a CCAA meeting order and granted a modified declaration giving effect to a clear subordination clause in an Opco note, with limitation-period protections.
The court stayed a British Columbia action over a financing dispute, holding Quebec was the more appropriate forum under the CJPT and an unambiguous Montreal forum clause.
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