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SALE OF LAND - Agreement of purchase and sale - Right of first refusal - Remedies - Damages

Tuesday, September 05, 2017 @ 09:02 AM  

Appeal by Multus Investment Corporation (Multus) and Strategic Acquisition Corp. (Strategic) from the judgment in Strategic’s action against Multus and Starke Capital Corp. (Starke), seeking specific performance of a Right of First Refusal (ROFR) agreement with Multus. Multus agreed to sell Dominion Place, a commercial building in Calgary, to Starke for $30 million. Strategic had registered a ROFR caveat on title to Dominion Place, but after receiving notice, declined to exercise it on the terms in the Multus/Starke agreement of purchase and sale. Two days before...