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Ontario court orders $2.4M in legal costs for landlords after HBC's failed lease sale to Liu.
An Ontario court has ruled landlords of former HBC properties should receive about $2.4 million in legal costs after HBC’s failed attempt to sell its leases to B.C.
billionaire Ruby Liu.
Judge Jessica Kimmel called the award unprecedented but necessary to encourage thoughtful litigation and settlement efforts in insolvency cases.
The funds, owed to firms like Cadillac Fairview and Oxford Properties, are currently paused as HBC must first settle claims from other creditors, meaning the landlords may not receive the money.
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El tribunal de Ontario ordena $2.4M en costos legales para los propietarios después de la fallida venta de arrendamiento de HBC a Liu.