The recent Court of Appeal decision, Bank of Montreal v. Utility Engineers Corporation et al., 2025 ONCA 311 (“Utility Engineers”), serves as a good reminder that it is difficult, if not impossible, to escape a personal guarantee by claiming that you did not know what you were signing. In this case, the bank had provide a credit facility to a company that was secured by personal guarantees given by an…
For transportation and logistics companies looking forward to a gradual turnaround from the “freight recession” that marked 2024, the seemingly endless announcements of tariffs from the new U.S. administration is unsettling, if not an outright existential threat. Whether some, all, or none of the threatened tariffs come into force on April 2, 2025, the uncertainty will almost certainly have a negative impact on cross-border shipping. Reduced freight traffic and rising…
Consider: Amy owns a commercial property in the GTA that she decides to sell. She enters into an Agreement of Purchase and Sale (“APS”) to sell her property to Bob for $10m. Bob paid a $500,000 deposit. The completion date stated in the APS is May 1st, 2025. May 1st arrives, and Bob fails to tender the purchase price above the 500k deposit. Amy terminates the agreement. She re-lists and…
In claims involving corporations, “veil piercing” can be transformative. It refers to situations where the court ignores the separate legal identity of the corporation, arguably the central concept in corporate law, and holds the corporation’s shareholders or directors personally liable for the company’s actions. Two recent cases, BH Frontier Solutions Inc. v. 11054660 Canada Inc. (Canadian Choice Supply), 2024 ONCA 93 (“BH Frontier”) and Chu De Québec-Université Laval v. Tree…
I took the one less traveled by, And that has made all the difference. ― Robert Frost, The Road Not Taken “Private mortgages”, as opposed to “institutional mortgages”, are mortgage arrangements by lenders who are not a bank listed in Schedule I or II to the Bank Act, a registered loan or trust company or credit union, or a licensed insurer or pension fund. Such loans can be attractive to…
As of July 31, 2025, property owners and/or landlords in Toronto seeking to evict residential tenants to demolish a residential rental unit, convert it for non-residential use, or perform extensive repairs or renovations requiring vacant possession will be required to apply for a Rental Renovation Licence from the City of Toronto and comply with additional requirements for compensating tenants. The Toronto Rental Renovation Licence By-Law, adopted on November 14, 2024,…
Amy owns a commercial property in the GTA that she decides to sell. She enters into an Agreement of Purchase and Sale (“APS”) to sell her property to Bob for $10m. The completion date stated in the APS is December 1, 2024. December 1 arrives, and Bob fails to tender the purchase price. The market is falling, and Amy is not happy. She can no longer sell her property for…
Consider this nightmare scenario: you agree to buy a pre-construction home in a new neighbourhood, in a part of town you really like. A year later when you drive by to check on the construction progress, the house is nowhere to be found. Instead, you learn your house is being built three kilometres from where you had been told it would be – far enough away that it is actually…
