Clients, counsel walking on sunshine after court clarifies Interest Act in Solar decision

September 21, 2018 | Marco Maduri | Toronto

The Lawyer's Daily

The Ontario Court of Appeal recently released its decision in Solar Power Network Inc. v. ClearFlow Energy Finance Corp. 2018 ONCA 727. Previously, an application judge found that the use of an annualizing formula (a widely accepted mechanism in commercial agreements) failed to satisfy s. 4 of the Interest Act.

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