Financial Services & Restructuring Communiqué

A pen sits over top a budget sheet

February 16, 2021

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Lenders take note: Exercising discretion in good faith affirmed by the Supreme Court of Canada

Aliza Premji, Amanda Robertson, Kenneth R. Rosenstein

On February 5, 2021, the Supreme Court of Canada released its decision in Wastech Services Ltd. v. Greater Vancouver Sewerage and Drainage District[1] (“Wastech v. Metro”), where it clarified the duty of contracting parties to exercise discretion in good faith....

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