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The court first refused approval of an RVO sale because it would unfairly defeat a secured success fee owed to the sales agent, then later approved an amended transaction.
The Court of Appeal held that PPSA s. 30(2) protected only the lessee’s leasehold rights and did not extinguish GE’s perfected security interest in the lessor’s reversionary interest.
The Court of Appeal dismissed the liability appeal in a mortgage-funding dispute, but set aside special costs against the appellant and substituted Scale 3 costs.
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