Financial Services & Restructuring Communiqué

A pen sits over top a budget sheet

March 23, 2015

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Lease Deposit Characterized as Security Interest: Summary of Alignvest Private Debt Ltd v Surefire Industries Ltd.

In the context of a tenant’s bankruptcy, Justice Romaine of the Alberta Queens Bench recently characterized a deposit provided under a lease as a security interest, as opposed to pre-paid rent, forcing an unsecured landlord to remit the money to...


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