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Supreme Court Of Canada Rules On Specific Performance And The Single Purpose Corporation
The majority decision of the Supreme Court of Canada in Southcott Estates v. Toronto Catholic District School Board, written by recent appointee Madame Justice Karakatsanis, explores the responsibilities of a single-purpose corporation purchaser of land to mitigate its loses when seeking specific performance and reaffirms the difficulty in obtaining this remedy from the courts.
Canada
21 Feb 2013
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