Canada:
Fraudulent Conveyance, Void As Against Creditors
09 March 2015
Speigel Nichols Fox LLP
To print this article, all you need is to be registered or login on Mondaq.com.
Jonas v.
McConnell 2014 Ont SCJ
Sole director allowed redemption of his preference shares in
closely-held private corporation at nominal amount and then became
bankrupt. He was held to have engaged in a fraudulent conveyance
since consideration was deemed to be grossly inadequate. Redemption
was declared void as against creditors.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Litigation, Mediation & Arbitration from Canada
Five Need-to-Know Decisions In Commercial Litigation
Blake, Cassels & Graydon LLP
Recent decisions from Canadian courts will impact businesses in various industries. Below are five takeaways from commercial cases across the country to help your business stay ahead of litigation risk...
Affidavit Evidence 101
Reynolds Mirth Richards & Farmer
When picturing legal proceedings, many people envision dramatic courtroom trials with witnesses taking the stand. However, in Alberta, civil trials (unlike criminal trials) are rare.