WeirFoulds represents Harte Gold in Comprehensive US$70 Million Debt Financing Package
On June 1, 2018, Harte Gold Corp. (“Harte Gold” or the “Company”) (TSX: HRT / OTC: HRTFF / Frankfurt: H4O) announced it has closed the US$70 million debt financing package […]
WeirFoulds represents Benefit Partners Inc. in the completion of its acquisition by People Corporation
On November 28, 2018, Benefit Partners Inc. (“Benefit Partners” or “BPI”) announced the completion of its acquisition by People Corporation (TSX-V: PEO). WeirFoulds represented Benefit Partners Inc. and its principals, […]
The Perils of Prediction: Lessons for Regulators in the Age of Big Data
You’ve likely read one too many articles that start by telling you that big data is watching you and predicting what you will do or buy next. About how it […]
Reminder to Ontario Corporations: Deadline to have your Real Property Register is December 10, 2018
In December 2016, new record keeping obligations were imposed by way of amendments to the Ontario Business Corporations Act (the “OBCA“); the Ontario Corporations Act (the “CA“); and the Ontario Not-for-Profit Corporations Act, 2010. The […]
Keys, Please: The Econolodge Park-and-Fly Conundrum
On October 19, 2018, the Supreme Court of Canada released its decision in 3091 5177 Québec inc. (Éconolodge Aéroport) v. Lombard General Insurance Co. of Canada, 2018 SCC 43. The decision […]
Glenn Ackerley discusses the major cultural shift with the implementation of Ontario’s new Construction Act
WeirFoulds Partner and Chair of the Construction Practice Group, Glenn Ackerley discusses the major cultural shift with the implementation of Ontario’s new Construction Act in the May 18, 2018 Daily […]
WeirFoulds welcomes back Susan Rosales as Senior Land Use Planner
WeirFoulds is pleased to welcome back Susan Rosales as a Senior Land Use Planner. Susan has more than 25 years of professional planning, management and consulting experience. She has worked […]
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 […]