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May 6, 2016

Supreme Court of Canada Decision: Sale of real property and right to incentive payments

The Supreme Court of Canada released the following decision today:

Heritage Capital Corp. v. Equitable Trust Co, 2016 SCC 19; File No. 36301 

(Whether incentive payments constitute positive covenant running with land either by virtue of Historical Resources Act or by virtue of agreement between City and building owner — Whether incentive payments sold as asset in judicial sale - Whether priority of interests in payments governed by Personal Property Security Act)



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