BCSC Judgment in TLC The Land Conservancy of British Columbia Inc.

January 28, 2014 | By: .(JavaScript must be enabled to view this email address) Mark Blumberg
Topics: News, Canadian Charity Law, Ethics and Canadian Charities

The BC Supreme Court recently dealt with a case involving TLC The Land Conservancy of British Columbia Inc. and whether certain assets may be used to satisfy creditors.  TLC is having financial problems and trying to restructure under the Companies’ Creditors Arrangement Act (the “CCAA”).  This case involves whether the property is subject to a special purpose trust.  BC has specific legislation dealing with these type of scenarios. The decision has been released and it will be interesting to see if it is appealed.

Here is a link to the Reasons for Judgment http://www.courts.gov.bc.ca/jdb-txt/SC/14/00/2014BCSC0097.htm

Do you require legal advice with respect to Canadian or Ontario non-profits or charities?


Charity Lawyer Mark Blumberg

Mark Blumberg is a partner at the law firm of Blumberg Segal LLP in Toronto and works almost exclusively in the areas of non-profit and charity law.

Download vCard



Blumberg Segal LLP
Barristers & Solicitors
#1202 - 390 Bay Street
Toronto, Ontario
M5H 2Y2 Canada

Charity Law List

Join Blumbergs' non-profit and charities newsletter
View recent issue: July 2019