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Canada Case Law

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Insolvency 2022 BCSC 1132

9019235 Canada Inc. v. Coast Fraser Enterprises Ltd.

The court held the monitor had affirmed the contracts, could terminate the credit facility, validly assessed margin after default, and recovered CA$232,700 plus interest.

  • Margin call
  • Credit facility
  • Contract interpretation
  • Contract termination
  • Trustee powers
  • Close-out valuation
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Bankruptcy C26616

Richter and Parnters Inc. v. Hees International Bancorp Inc.

The trial judge's factual findings that the respondent did not make a binding election to terminate in August and that the appellant could not effect a retroactive termination in December were supported by evidence (including conduct showing the contract was treated as continuing); therefore the appellant failed to prove entitlement to the claimed damages and the appeal is dismissed.

  • Stay order
  • Companies' creditors arrangement act
  • Derivative contracts
  • Termination
  • Election to terminate
  • Assignment
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Canada decisions are organised by court, judge, legal area and indexed issue so a practitioner can move from a proposition to a citable authority with the surrounding context intact.