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Ontario Court of Appeal Case Upholds Closing Payment Direction Against Lender

Borrowers and lenders negotiating payment directions on the closing of loan transactions should take heed of the recent decision of the Ontario Court of Appeal in Kemeny v. Callidus Capital Corporation, 2023 ONCA 76. ....

Amanda Mclachlan , Ontario Court , Ontario Superior Court , Callidus Capital Corporation , Bennett Jones Financial Services , Written By Simon Grant , Will Gatchell , Capital Corporation , Irrevocable Direction , Commercial Litigation , Loan Transaction , Irrevocable Direction , Callidus Capital ,

Ontario Court of Appeal Case Upholds Closing Payment Direction Against Lender | Bennett Jones LLP

Borrowers and lenders negotiating payment directions on the closing of loan transactions should take heed of the recent decision of the Ontario Court of Appeal in Kemeny v. Callidus. ....

Ontario Court , Ontario Superior Court , Callidus Capital Corporation , Bennett Jones , Capital Corporation , Irrevocable Direction ,