Canada: Are Forbearance Agreements On The Endangered Species List: The Effect Of Canada v. Callidus Capital On Lenders' Dealings With Insolvent Borrowers

"And oftentimes excusing of a fault doth make the fault the worse by the excuse..."
- William Shakespeare, The Life and Death of King John


The recent Canadian Federal Court of Appeal case of Her Majesty the Queen v. Callidus Capital (2017) FCA 162 may signal the end of an important assumption made by many, if not most, Canadian special loans bankers and insolvency practitioners regarding the treatment of collected but unremitted Harmonized Sales Tax ("HST") in a bankruptcy. This case has serious implications for any lender where there is a risk that the borrower has not collected or remitted HST as required.

Before getting into the facts of the case, some context is required. Specifically, the legislative landscape is complicated and can be difficult to understand. The sheer density and verbosity of the relevant provisions of the Excise Tax Act R.S.C. 1986, c. E-15 (the "ETA"), and the awkward interplay of those sections with the federal Bankruptcy and Insolvency Act R.S.C. 1985, c. B-3 (the "BIA") may be one of the reasons why lenders have made assumptions that, while logical on their face, are susceptible to subsequent interpretation by the Courts. The Callidus case is an example of such a situation.

What is a "Deemed Trust"?

The federal Excise Tax Act provides that anyone who collects HST from third parties is deemed to hold those funds in trust for Her Majesty (the "Subsection (1) Trust"), separate and apart from the debtor's other property. The Act goes on to extend this "deemed trust" to all property of the party that collects the tax from customers. In other words, it's not only the money itself collected on account of HST that is held in trust, but at any time that HST has been collected and not remitted, all property of the debtor is subject to a trust (the "Subsection (3) Trust"), to the extent of the unremitted HST, in favour of Her Majesty.

"Deemed Trust" in this context means a trust that arises by operation of law that otherwise would not necessarily meet the test for an express or resulting trust at common law. Typically, deemed trusts are employed where legislation requires a private actor to collect from third parties taxes that are destined for Her Majesty. Deemed trusts can arise pursuant to federal legislation (HST collected from customers and deductions from employee paycheques for withholding taxes are "deemed" by the law to be held in trust for Her Majesty).

The upshot of the legislative framework is that unremitted HST constitutes a "super priority" obligation, taking priority over virtually all other claims, secured or otherwise, against the property of the debtor. In addition, the Crown can bring legal proceedings against any creditor, including a secured creditor, who receives payments while the HST remains outstanding, to essentially claw back the payments made to that creditor. Clearly, parliament has made it abundantly clear that using monies collected from customers on account of HST to pay one's own creditors is a serious matter, and the legislative scheme aims at preventing such a result.

Why Does the Law Make an Exception When the Borrower Becomes Bankrupt?

The situation changes if the debtor becomes bankrupt. The federal Excise Tax Act, (the statute that governs HST in Canada) provides that the deemed trust is not operative in a bankruptcy. This exception in the event of a bankruptcy is consistent with a general principle of Canadian insolvency law, namely, in bankruptcy, the Crown ranks as an unsecured creditor, as reflected in s. 86(1) of the BIA A notable exception to this general rule arises when the Crown is entitled by legislation to a security interest in the assets of the debtor and the Crown has registered that security in the appropriate land or personal property security registry. The Crown's security interest, like any other security interest, ranks from the date of registration. This system affords predictability and allows lenders to assess their position based on a review of the public record.

How Does this Affect Secured Creditors?

The problem in Callidus was this: even if the federal Crown cannot claim a deemed trust interest against the property of the bankrupt debtor itself, can it still advance a claim, notwithstanding the bankruptcy, against creditors of that debtor who received payments from the debtor prior to the date of bankruptcy? It had widely been assumed that once the tax debtor becomes bankrupt, the deemed trust disappears entirely. As result, payments received by a secured creditor can not be the subject of a claim by Canada Revenue Agency ("CRA").

Callidus calls this assumption into question. To summarize, the majority of the Federal Court of Appeal held that, notwithstanding the bankruptcy of the debtor, the Crown still maintains the right to bring an action against secured creditors of the bankrupt who received payments prior to the date of bankruptcy. The Court relied on the fact that the provisions of the ETA that render the deemed trust for HST arrears to be inoperative in a bankruptcy do not specifically also say that the Crown's cause of action against creditors, secured and otherwise, who received pre-bankruptcy payments from the debtor while the HST was outstanding, is also inoperative. The majority held that it was open to Parliament to phrase the legislation in such a way that both the deemed trust against the property of the bankrupt and the crown's right of action against third-party creditors of the bankrupt disappeared in a bankruptcy. Parliament chose not to do so and thereby made clear its intention that the cause of action against creditors of the bankrupt would survive bankruptcy, notwithstanding the fact that the deemed trust against the assets of the bankrupt itself is inoperative.

Who should be Concerned by this Case and Why?

This decision may not sit well with lenders. Typically, a lender simply doesn't know, and has no convenient way of ascertaining, that the borrower has stopped making HST remittances, or has not remitted the correct amount. Any lender who receives payments of any sort from a commercial borrower may be at risk. For example, regular deposits made in the ordinary course of business into an overdraft facility operating account that reduce the overall loan balance may subject a lender to exposure to CRA.

For most lenders the immediate effect of this decision may in the way they approach forbearance agreements. The past several years have seen a shift in the approach of Canadian lenders in respect of delinquent borrowers. Where receivership was once seen as the remedy of choice when default occurred, lenders today are more inclined to work with the debtor, in order to obtain more cost-effective and timely results. The relative availability of alternative sources of credit means that it is more common today for lenders to require a defaulting borrower to relocate its financing requirements, often under the auspices of a type of agreement referred to as a "forbearance agreement".

Forbearance agreements, which can be quite detailed, frequently require the debtor to reduce the overall indebtedness below an agreed-upon level or to obtain refinancing of the credit facilities with a new lender by a certain date. Typical forbearance terms include requiring rental income generated by a certain property to be paid to the lender, reducing the balance of the debt or disposing of certain assets, with the proceeds utilized to reduce the overall indebtedness.

Many lenders are, or were, comfortable with the conceptual difficulty associated with receiving payments from a distressed borrower based on the assumption that a subsequent bankruptcy would render the entire deemed trust inoperative. If trouble arose with respect to unremitted HST, the lender could avoid liability by the simple expedient of securing the bankruptcy of the borrower. It did not matter when the bankruptcy occurred, as long as, at some point, the debtor became bankrupt.

As a result of the holding of the majority of the Court in Callidus, this may no longer be the case.

The Facts of the Case

Cheese Factory Road Holdings Inc. ("Cheese Factory") is a privately-held Ontario corporation that carried on business as a real estate investment company. Cheese Factory is or was the registered owner of two properties located in Cambridge, Ontario (the "Properties" or, individually, a "Property").

CRA claimed that between 2010 and 2013, Cheese Factory collected but failed to remit GST and HST to the Receiver General for a total amount of $177,299.70.

Pursuant to an Assignment of Debt and Security agreement dated December 2, 2011, Bank of Montreal assigned to Callidus all of its right, title and interest in and to certain direct and indirect indebtedness and obligations owed to it by Cheese Factory, along with certain security. The total debt assigned to Callidus was approximately $3.5 million.

Pursuant to a Forbearance Agreement dated December 2, 2011 (the "Forbearance Agreement"), Callidus agreed to forbear from enforcing the BMO agreements, subject to the terms and conditions of the Forbearance Agreement. Pursuant to the Forbearance Agreement, Callidus also agreed to extend to Cheese Factory (and other debtors) certain demand credit facilities, which amended the credit facilities granted by BMO.

Pursuant to the terms of the Forbearance Agreement, Cheese Factory agreed to market one Property for sale and to deliver the net sales proceeds to Callidus to partially repay the amounts owed to Callidus. In April, 2012, Cheese Factory sold the Property for a purchase price of $790,000 and Callidus received the sum of $590,956.62 from the sale of the Property which was applied to partially reduce the outstanding indebtedness.

In addition, the Forbearance Agreement and a separate Blocked Accounts Agreement required Cheese Factory to open accounts (the "Blocked Accounts") at Royal Bank of Canada ("RBC") and to deposit all funds received from all sources into the Blocked Accounts. Funds deposited into the Blocked Accounts were swept from the account by Callidus and applied against the indebtedness. All rent proceeds received from the tenant of the unsold Property were deposited into the Blocked Accounts. The sum of $780,387.62 in gross rent was eventually deposited into the Blocked Accounts.

In April , 2012, the Crown, by way of a letter to Callidus, claimed an amount of $90,844.33 on the basis of the deemed trust mechanism of the Excise Tax Act, R.S.C. 1985, c. E.15, as amended (the "ETA").

On or about November 7, 2013, at the request of Callidus, Cheese Factory made an assignment in bankruptcy. The Crown then commenced a legal proceeding against Callidus in which it claimed from Callidus the total amount of $177,299.70 plus interest on the basis of the deemed trust mechanism governed by the ETA on account of GST and HST that Cheese Factory collected but failed to remit.

The Crown contended that, as a result of Cheese Factory's failures to remit GST and HST to the Receiver General, all of Cheese Factory's assets were deemed to be held in trust in favour of the Plaintiff in priority to the claims of Callidus pursuant to section 222 of the ETA and all proceeds of Cheese Factory's property received by Callidus, up to the amount secured by the deemed trust, should have been paid to the Receiver General of Canada as a result of the deemed trust mechanism under section 222 of the ETA.

Callidus argued that, as a result of the bankruptcy of Cheese Factory, the deemed trust disappeared, and with it, any liability on the part of Callidus in connection with pre-bankruptcy payments also disappeared.

The issue before the Court was: Does the bankruptcy of a tax debtor render the deemed trust under the ETA ineffective as against a secured creditor who received, prior to the bankruptcy, proceeds from the assets of the tax debtor that were deemed to be held in trust?

The Majority Position

The majority of the Court, consisting of two of the three Judges of the Federal Court of Appeal hearing the case, held that, while the ETA releases a tax debtor's assets from the deemed trust upon bankruptcy, the Act does not extinguish the pre-existing personal liability of a secured creditor who received proceeds from the deemed trust. The personal liability is fully engaged, the debt is due and can be pursued by the Crown in a cause of action independent of any subsequent bankruptcy proceedings. The continued existence of the cause of action is not dependent on the debtor's other assets that may or may not remain in trust, as it arises because of the secured creditor's breach of a statutory obligation to remit. In the words of the Court: "To find otherwise would effectively neutralize the deemed trust mechanism with respect to GST/HST amounts."

The Court went on to observe that a subsequent bankruptcy simply operates to release the debtor's assets from the deemed trust: "the argument that the evaporation of the trust on bankruptcy works retroactively, and undoes or unwinds legal obligations that are already engaged, has no support in the text."

The Court went even further in its justification for its finding: "A finding that the secured creditor's obligation to pay Crown proceeds from the deemed trust disappears on bankruptcy would allow the secured creditor to benefit from the debtor's failure to remit...As happened here, a secured creditor could choose the timing of bankruptcy and liquidate the deemed trust assets so as to satisfy their interests at the expense of the Crown...the secured creditor could, at any time, simply trigger the bankruptcy of the tax debtor and avoid all consequences of the deemed trust priority."

The Minority Position

Pelletier J.A., the third Judge on the panel hearing the appeal, dissented from the reasons given by the other two Judges. With respect, the dissenting opinion appears more commercially reasonable, more persuasive and more in line with the treatment of deemed trusts in bankruptcy than the majority decision.

Justice Pelletier starts with the proposition that, absent a clear indication of a contrary intention, legislation should be interpreted on the assumption that the Crown only collects amounts which it is owed and not more. In this case, the legislator dealt with this issue by defining the property subject to the deemed trust in such a way that trust property, and therefore the proceeds of trust property, is equal to the amount of the deemed trust.

How this seemingly-simplistic and somewhat circular proposition operates in the context of the facts of this case can be illustrated by an example devised by the Court:

Let us assume that a tax debtor has collected and failed to remit $20,000 on account of GST/HST. The tax debtor has real property which is subject to a mortgage. The mortgage lender forces the sale of the property and receives proceeds of $50,000. [the ETA] creates a deemed trust with respect to the $20,000 collected as tax but not remitted to the Receiver General. [The ETA also] creates a trust with respect to the debtor's property but only to the extent of the amounts held in trust...As a result, the mortgage lender, having received proceeds of property equal in value to the amount deemed to be held in a subsection (1) trust, i.e. $20,000, is liable to pay that amount to the Crown.

Would the result be any different if, subsequent to the Crown's demand for payment of $20,000, the tax debtor made a $10,000 payment to the Receiver General on account of GST/HST collected but not remitted? The amount for which the secured creditor was liable would be different but the manner of determining the amount of that liability would be the same. The payment to the Receiver General would reduce the amount of the deemed trust to $10,000 which in turn would reduce the extent to which the debtor's property was subject to the subsection (3) deemed trust. The secured creditor would be liable to pay the proceeds of the property subject to the subsection (3) trust, i.e. $10,000. Similarly, if the tax debtor were to pay the entire $20,000, the amount of the secured creditor's liability would be reduced to nil.

The significance of the last example is that a demand for payment by the Crown does not "crystallize" the amount of the debtor's or the secured creditor's liability to the Crown. That liability is determined by the amount deemed to be held in the subsection (1) trust which in turn determines the extent to which property of the debtor is deemed to be held pursuant to the subsection (3) trust.

How is this scheme affected by the bankruptcy of the tax debtor? After bankruptcy, there is no amount deemed to be held in trust pursuant to the ETA for amounts collected as tax but not remitted, pre-bankruptcy. The subsection (3) trust which arose prior to bankruptcy no longer has any subject matter because the trust only attaches to property of the tax debtor to the extent of the subsection (1) trust which no longer exists. This is true for the tax debtor as well as for the tax debtor's secured creditors.

Pelletier J.A. saw no difference in principle between the reduction of the trust to nil by payment or by operation of law. In either case, the trust, whose operation depends upon the existence of an amount deemed to held in trust pursuant to subsection (1), is at an end. Had Parliament meant to make the subsection (3) trust a function of the continued existence of unremitted amounts, it could have said so easily enough.

In addition, the Excise Tax Act provides for enforcement mechanisms, such as the Enhanced Requirement to Pay that allow CRA to put lenders on specific notice that the Crown is claiming a super-priority interest in the property of the Debtor, and that further dealings with the debtor are undertaken at the lenders' risk. In the Callidus case, although the Crown put the lender on notice of its claim by way of a letter, it did not take the step of serving an Enhanced Requirement to Pay, which would have had the definitive effect of priming the claim of the secured lender in favour of the Crown.


The implication of this case is clear: unless and until Callidus is overturned by the Supreme Court of Canada, lenders accept payments of any sort from their borrowers at their own peril. Any payments in any form received by the lender can be essentially "clawed back" by CRA. Questions such as whether the lender is on notice that the debtor is in arrears of HST remittances, or the debtor has misrepresented or deliberately concealed its true situation from the lender do not appear to be relevant for this particular analysis.

The policy considerations underlying this decision are also easy to see. In choosing from a menu of options that will undoubtedly leave some stakeholder aggrieved, the legislators' highest priority is preventing businesses from charging and collecting HST from customers and using those funds to pay down its loan balances.

What the majority fails to address is the question of why CRA did not serve an Enhanced Requirement to Pay or avail itself of other collection tools contained in the ETA that would have had the effect of making it clear that the funds collected from customers on account of HST are the property of Her Majesty and can be traced into any party who receives that property. This observation was not lost on Justice Pelletier, who stated:

I recognize that this results in a situation in which a secured creditor has an incentive to resist payment in the hope that the amount of the subsection (1) deemed trust will be extinguished and may even help that process along by petitioning the tax debtor into bankruptcy. I would only say that in this case, the Crown made a demand for payment in April 2012 but appears to have taken no steps to enforce its demand until November 2013. Nor does the Crown appear to have had recourse to the other collection tools available to in under the Act. I am not persuaded that the view I take of this matter puts the Crown's interests unjustifiably at risk.

The Callidus decision also leads to an odd, and potentially absurd result: if a bankrupt collects and fails to remit HST, and holds those funds in its bank account on the date of bankruptcy, a secured creditor has priority over the Crown to those funds. If the same debtor pays the same funds in the same bank account to the same secured creditor on the day before it becomes bankrupt, the Crown's deemed trust interest is engaged and the Crown has priority over the secured creditor.

Finally, this case may suggest the possibility that taxation and commercial statues in general have become too complicated, at the expense of comprehensibility. It is interesting to observe that both the majority and the minority Judges used the same logical device to support its position. Specifically, the majority argued that "if the legislator intended for the law to be 'X', then 'X' would be specifically spelled out in the legislation. Since the legislation doesn't say 'X', then the legislator clearly meant 'y'". The minority argued the opposite: "If the legislator intended for the law to be "y", then "y" would be specifically spelled out in the legislation. Since the legislation doesn't say 'y', then the legislator clearly meant 'X' ".

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

To print this article, all you need is to be registered on

Click to Login as an existing user or Register so you can print this article.

Similar Articles
Relevancy Powered by MondaqAI
Borden Ladner Gervais LLP
Gehlen Dabbs
In association with
Related Topics
Similar Articles
Relevancy Powered by MondaqAI
Borden Ladner Gervais LLP
Gehlen Dabbs
Related Articles
Up-coming Events Search
Font Size:
Mondaq on Twitter
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).
Email Address
Company Name
Confirm Password
Mondaq Topics -- Select your Interests
 Law Performance
 Law Practice
 Media & IT
 Real Estate
 Wealth Mgt
Asia Pacific
European Union
Latin America
Middle East
United States
Worldwide Updates
Registration (you must scroll down to set your data preferences)

Mondaq Ltd requires you to register and provide information that personally identifies you, including your content preferences, for three primary purposes (full details of Mondaq’s use of your personal data can be found in our Privacy and Cookies Notice):

  • To allow you to personalize the Mondaq websites you are visiting to show content ("Content") relevant to your interests.
  • To enable features such as password reminder, news alerts, email a colleague, and linking from Mondaq (and its affiliate sites) to your website.
  • To produce demographic feedback for our content providers ("Contributors") who contribute Content for free for your use.

Mondaq hopes that our registered users will support us in maintaining our free to view business model by consenting to our use of your personal data as described below.

Mondaq has a "free to view" business model. Our services are paid for by Contributors in exchange for Mondaq providing them with access to information about who accesses their content. Once personal data is transferred to our Contributors they become a data controller of this personal data. They use it to measure the response that their articles are receiving, as a form of market research. They may also use it to provide Mondaq users with information about their products and services.

Details of each Contributor to which your personal data will be transferred is clearly stated within the Content that you access. For full details of how this Contributor will use your personal data, you should review the Contributor’s own Privacy Notice.

Please indicate your preference below:

Yes, I am happy to support Mondaq in maintaining its free to view business model by agreeing to allow Mondaq to share my personal data with Contributors whose Content I access
No, I do not want Mondaq to share my personal data with Contributors

Also please let us know whether you are happy to receive communications promoting products and services offered by Mondaq:

Yes, I am happy to received promotional communications from Mondaq
No, please do not send me promotional communications from Mondaq
Terms & Conditions (the Website) is owned and managed by Mondaq Ltd (Mondaq). Mondaq grants you a non-exclusive, revocable licence to access the Website and associated services, such as the Mondaq News Alerts (Services), subject to and in consideration of your compliance with the following terms and conditions of use (Terms). Your use of the Website and/or Services constitutes your agreement to the Terms. Mondaq may terminate your use of the Website and Services if you are in breach of these Terms or if Mondaq decides to terminate the licence granted hereunder for any reason whatsoever.

Use of

To Use you must be: eighteen (18) years old or over; legally capable of entering into binding contracts; and not in any way prohibited by the applicable law to enter into these Terms in the jurisdiction which you are currently located.

You may use the Website as an unregistered user, however, you are required to register as a user if you wish to read the full text of the Content or to receive the Services.

You may not modify, publish, transmit, transfer or sell, reproduce, create derivative works from, distribute, perform, link, display, or in any way exploit any of the Content, in whole or in part, except as expressly permitted in these Terms or with the prior written consent of Mondaq. You may not use electronic or other means to extract details or information from the Content. Nor shall you extract information about users or Contributors in order to offer them any services or products.

In your use of the Website and/or Services you shall: comply with all applicable laws, regulations, directives and legislations which apply to your Use of the Website and/or Services in whatever country you are physically located including without limitation any and all consumer law, export control laws and regulations; provide to us true, correct and accurate information and promptly inform us in the event that any information that you have provided to us changes or becomes inaccurate; notify Mondaq immediately of any circumstances where you have reason to believe that any Intellectual Property Rights or any other rights of any third party may have been infringed; co-operate with reasonable security or other checks or requests for information made by Mondaq from time to time; and at all times be fully liable for the breach of any of these Terms by a third party using your login details to access the Website and/or Services

however, you shall not: do anything likely to impair, interfere with or damage or cause harm or distress to any persons, or the network; do anything that will infringe any Intellectual Property Rights or other rights of Mondaq or any third party; or use the Website, Services and/or Content otherwise than in accordance with these Terms; use any trade marks or service marks of Mondaq or the Contributors, or do anything which may be seen to take unfair advantage of the reputation and goodwill of Mondaq or the Contributors, or the Website, Services and/or Content.

Mondaq reserves the right, in its sole discretion, to take any action that it deems necessary and appropriate in the event it considers that there is a breach or threatened breach of the Terms.

Mondaq’s Rights and Obligations

Unless otherwise expressly set out to the contrary, nothing in these Terms shall serve to transfer from Mondaq to you, any Intellectual Property Rights owned by and/or licensed to Mondaq and all rights, title and interest in and to such Intellectual Property Rights will remain exclusively with Mondaq and/or its licensors.

Mondaq shall use its reasonable endeavours to make the Website and Services available to you at all times, but we cannot guarantee an uninterrupted and fault free service.

Mondaq reserves the right to make changes to the services and/or the Website or part thereof, from time to time, and we may add, remove, modify and/or vary any elements of features and functionalities of the Website or the services.

Mondaq also reserves the right from time to time to monitor your Use of the Website and/or services.


The Content is general information only. It is not intended to constitute legal advice or seek to be the complete and comprehensive statement of the law, nor is it intended to address your specific requirements or provide advice on which reliance should be placed. Mondaq and/or its Contributors and other suppliers make no representations about the suitability of the information contained in the Content for any purpose. All Content provided "as is" without warranty of any kind. Mondaq and/or its Contributors and other suppliers hereby exclude and disclaim all representations, warranties or guarantees with regard to the Content, including all implied warranties and conditions of merchantability, fitness for a particular purpose, title and non-infringement. To the maximum extent permitted by law, Mondaq expressly excludes all representations, warranties, obligations, and liabilities arising out of or in connection with all Content. In no event shall Mondaq and/or its respective suppliers be liable for any special, indirect or consequential damages or any damages whatsoever resulting from loss of use, data or profits, whether in an action of contract, negligence or other tortious action, arising out of or in connection with the use of the Content or performance of Mondaq’s Services.


Mondaq may alter or amend these Terms by amending them on the Website. By continuing to Use the Services and/or the Website after such amendment, you will be deemed to have accepted any amendment to these Terms.

These Terms shall be governed by and construed in accordance with the laws of England and Wales and you irrevocably submit to the exclusive jurisdiction of the courts of England and Wales to settle any dispute which may arise out of or in connection with these Terms. If you live outside the United Kingdom, English law shall apply only to the extent that English law shall not deprive you of any legal protection accorded in accordance with the law of the place where you are habitually resident ("Local Law"). In the event English law deprives you of any legal protection which is accorded to you under Local Law, then these terms shall be governed by Local Law and any dispute or claim arising out of or in connection with these Terms shall be subject to the non-exclusive jurisdiction of the courts where you are habitually resident.

You may print and keep a copy of these Terms, which form the entire agreement between you and Mondaq and supersede any other communications or advertising in respect of the Service and/or the Website.

No delay in exercising or non-exercise by you and/or Mondaq of any of its rights under or in connection with these Terms shall operate as a waiver or release of each of your or Mondaq’s right. Rather, any such waiver or release must be specifically granted in writing signed by the party granting it.

If any part of these Terms is held unenforceable, that part shall be enforced to the maximum extent permissible so as to give effect to the intent of the parties, and the Terms shall continue in full force and effect.

Mondaq shall not incur any liability to you on account of any loss or damage resulting from any delay or failure to perform all or any part of these Terms if such delay or failure is caused, in whole or in part, by events, occurrences, or causes beyond the control of Mondaq. Such events, occurrences or causes will include, without limitation, acts of God, strikes, lockouts, server and network failure, riots, acts of war, earthquakes, fire and explosions.

By clicking Register you state you have read and agree to our Terms and Conditions