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1 Dec 2023

Commercial law 2023 BCSC 2113

Waheed v. JM Food Services Ltd.

Court: Supreme Court of British Columbia

The court held that JM Food Services transferred valuable business rights to related entities for no consideration to hinder creditors, and declared the transfers void.

Fraudulent conveyance
Fraudulent preference
Asset transfers between related entities
Creditor remedies
Restoration of dissolved corporation
Fraudulent-conveyance

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Waheed v. JM Food Services Ltd.