Financial Services & Restructuring Communiqué

A pen sits over top a budget sheet

June 30, 2020

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Ontario Court of Appeal confirms the priority of secured construction lenders’ subsequent advances in face of execution creditors’ notice of writ

Jessica Penley, Kenneth R. Rosenstein

Some more good news for secured construction lenders. In a decision rendered April 9, 2020, the Ontario Court of Appeal has confirmed that the priority of subsequent advances by lenders holding a charge of real property will not be defeated...

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