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NEW In-House Counsel | Insurance | Intellectual Property | Immigration | Natural Resources | Real Estate | Tax

Contracts - REMEDIES - Equitable remedies - Rectification

Thursday, December 22, 2016 @ 7:00 PM  

Appeal by the Attorney General from a judgment of the Ontario Court of Appeal affirming a decision granting an application for rectification brought by the respondents Fairmont Hotels Inc. (Fairmont), FHIW Hotel Investments (Canada) Inc. (FHIW) and FHIS Hotel Investments (Canada) Inc. (FHIS). The present case arose from a complex financing arrangement made in 2002 and 2003 between Fairmont and Legacy Hotels REIT (Legacy) which the parties had intended, both at its inception and ongoing, to operate on a tax-neutral basis. The financing arrangement involved Fairmont...