WeirFoulds’ Glenn Ackerley speaks liability claims limitations with Daily Commercial News
WeirFoulds Construction Practice Group Chair, Glenn Ackerley, spoke with Daily Commercial News last week about the Limitations Act, 2002, which was passed on Jan. 1, 2004, and its significance as […]
WeirFoulds welcomes Senior Securities Partner David Knight
WeirFoulds is pleased to announce that David Knight has joined the firm as a senior partner in the Securities Practice Group. David is widely recognized for his more than 30 […]
All that Glisters is Not Tolled, but is the Story Fully Told?
On October 10th, 2018 the Ontario Court of Appeal released its decision dismissing the appeal in the case of National Money Mart Company v 24 Gold Group Ltd., 2018 ONCA […]
A Relief for Lenders: Duty of Good Faith Performance of Contractual Obligations does not Require Lenders to Advance Additional Funds to Borrowers
Since the Supreme Court’s landmark decision in Bhasin v Hrynew1 confirmed the existence of a general duty to perform contracts in good faith, the Canadian legal and business communities have looked to […]
A Matter of “Interest“
In a decision that raised concerns for lenders earlier this year, the Superior Court of Justice held, in Solar Power Network Inc. v. ClearFlow Energy Finance Corp.1, that the provision of […]
The Enforceability of Guarantees given by Officers and Directors of Corporate Borrowers and Sophisticated Individuals
As a mechanism for safeguarding the enforceability of a guarantee, it is common practice for commercial lenders to require that personal guarantors obtain independent legal advice with respect to the […]
No Additional Consideration Required to Support Loan Amendments
Private loan arrangements lead to more than their fair share of litigation proceedings. Their disputes often require the courts to apply long-standing legal principles to informal loan documentation and verbal […]
The Test for Unconscionability in Loan Agreements
Not surprisingly, borrowers often view certain terms in loan and credit agreements as harsh, over-reaching or unusually generous for the lender. But at what point does a specific term cross […]
Priorities Matter – But That’s Not All That Matters!
Often, when the parties to a financing are discussing priorities or intercreditor arrangements, there tends to be a simplistic view taken of these agreements. Once the competing creditors have sorted […]
WeirFoulds Partner David S. Brown establishes the Mac Urquhart PhD Award in Economics at Queen’s University
We are pleased to announce that Partner and Chair of the Private Equity Group, David S. Brown, has established the Mac Urquhart PhD Award in Economics at Queen’s University. Established […]
WeirFoulds recognized in 2019 Chambers Canada Guide
WeirFoulds is pleased to announce that the firm has once again been recognized in Chambers Canada: Canada’s Leading Lawyers for Business. In the 2019 edition, three of our partners are […]
When the Deal Goes South: Deposits, Unconscionability, and Relief from Forfeiture
Recent cases from the Ontario Court of Appeal address issues regarding deposits in failed purchase and sale transactions. An examination of these cases provides guidance regarding the circumstances in which […]
Quick Question: Opinions on Amendments to Credit Agreements
Q: Do I need an opinion from borrower’s counsel on an amendment to an existing credit agreement? A: Opinions from borrower’s counsel are routinely provided on the due authorization, execution, […]
WeirFoulds welcomes Marie-Pier Nadeau to the Subrogation & Recovery Practice Group
WeirFoulds is pleased to announce that Marie-Pier Nadeau has joined the firm as a part of the Subrogation & Recovery Practice Group. Marie-Pier has a thorough understanding of the insurance […]
Misnomers and Misdescriptions: The “Litigation Finger Test” to the Rescue!
In the last month, the Court of Appeal decided two cases based on the “litigation finger test”.[1] The litigation finger test can assist a plaintiff in cases of misdescription or misnomer of […]