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Contract law 2022 BCCA 239

Century Services Corp. v. LeRoy

Court of Appeal held PWC acted as Century’s agent in liquidation, so improvident realization reduced the debt, but contractual compound interest still applied.

  • Limited recourse guarantee
  • Improvident realization / set-off
  • Vicarious liability for private receiver
  • Ability to vary contractual interest in redemption
  • Calculation of redemption amount
  • Punitive damages in commercial context
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Foreclosure 2021 BCSC 1285

Century Services Corp. v. LeRoy

Foreclosure judgment on remittal fixing the redemption amount, allowing improvident realization set-off, and adjusting interest in equity.

  • Improvident realization
  • Equitable set-off/mitigation
  • Duty to realize commercially reasonably
  • Agency and vicarious liability of private receiver
  • Contractual interest vs equitable relief
  • Redemption period
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Personal property security (ppsa) 2019 BCSC 1020

Canadian Western Bank v. Quigley

The court dismissed Richard Quigley’s claim that Canadian Western Bank acted unreasonably by not selling Petrowest shares sooner and refusing set-off.

  • Commercial reasonableness of secured party
  • Set-off against judgment
  • Duty of creditor in realizing security
  • Insider trading restrictions and liquidity
  • Causation and quantification of loss
  • Requirement for expert evidence
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Admiralty/maritime law 2016 BCSC 749

Avina v. Sea Senor (Ship)

The Court upheld arrest of the vessel Sea Senor, declined to order its pre-trial sale, and left PPSA enforcement issues to be decided at trial.

  • In rem arrest of vessel
  • Maritime jurisdiction (federal courts act s.22)
  • Order for sale of arrested property (rule 13-5)
  • Ppsa seizure and disposal (default/conditional sale)
  • Notice requirements under ppsa
  • Co-ownership/beneficial ownership dispute
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Contract law 2015 BCSC 787

Coutinho & Ferrostaal GmbH v. Tracomex (Canada) Ltd.

The court held that fraud induced C&F’s Trac Chile contract, allowed rescission, rejected Imbamar’s agency and good-faith purchaser claims, and found a PPSA issue only in the alternative.

  • Rescission for fraud
  • Romalpa (retention of title) clauses
  • Ostensible/actual agency
  • Bona fide purchaser / good faith
  • Ordinary course of business exception
  • Perfection and priority under ppsa
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Civil procedure 2007 BCSC 213

South Pacific Import, Inc. et al v. Ho et al and South Pacific Development, Ltd. et al v. Ho et al

The court ordered most of the funds in court paid to the judgment creditors, rejected third-party priority claims for lack of proof, and dismissed the contempt application.

  • Registration of foreign judgment
  • Payment out of funds held in court
  • Priority of secured creditors
  • Disclosure and production orders
  • Security for costs
  • Ppsa registration
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Receivership law 2006 BCSC 1994

Corpfinance International Limited v. Earth Energy Utility Corp.

The court approved a receiver’s recommended settlement after finding it commercially reasonable despite EEU’s objections that it extinguished its rights.

  • Settlement approval by receiver
  • Fixture notice and priority
  • Validity of lease upon title dispute
  • Duty and duties of receiver
  • Commercial reasonableness of compromise
  • Receivership
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Contract law 2000 BCSC 938

Hornby Equipment Ltd. v. Andrushko

Action on an equipment lease: rescission failed, but the defendant obtained damages for negligent misrepresentation and a credit for the equipment’s value.

  • Equipment lease
  • Fraudulent misrepresentation
  • Negligent misrepresentation
  • Implied warranties
  • Rescission
  • Mitigation
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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.