Supreme Court of Canada ruling reinterprets jurisprudence on bulk sales laws making ability to acquire and sell companies more practicable.
On November 14, 2003, the Supreme Court of Canada handed down an important decision interpreting the remedy provision under Ontario's Bulk Sales Act. The decision may have a significant impact upon the way in which asset purchases are completed in the future.
Counsel before the Supreme Court of Canada were Sam Rickett and Michael Round of Fasken Martineau's Toronto office. Additional members of the firm contributing to the ultimate success of this appeal include Ken Morlock, Ted Purdy, Robert Harrison and David Rosenbaum.
Case reference: National Trust c. v. H & R Block Canada Inc., [2003] S.C.J. No. 70