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The court found it just and equitable to liquidate Bradko Enterprises Ltd. because the equal shareholders were deadlocked over the Surrey Property, but ordered a receiver-manager first.
The court granted substitution of MNP Ltd. as liquidator in a B.C. liquidation, but refused to add terms barring future claims or preserving broad without-prejudice rights.
The court joined two related shareholder disputes for trial and adjourned the derivative action, finding significant overlap and a risk of inconsistent results.
The court dismissed Skeena Disposal’s request for a $1.2 million interim distribution from liquidation funds, finding key accounting, ownership and priority issues required trial.
La Cour suprême du Canada a jugé que des cautions ayant payé la banque pouvaient quand même inscrire leur créance à la liquidation, malgré l’accord de la banque de ne pas se faire colloquer.
The Supreme Court of Canada held that a building-society borrower’s share subscription and deed formed one loan transaction, and allowed recovery of the unpaid balance after liquidation.
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