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Hold on a Moment – The Ontario Court of Appeal’s Consideration of Continuing Guarantees and Material Changes Lenders across the country can now breathe a sigh of relief as the Ontario Court of Appeal has overturned the lower court’s decision in Royal Bank v Samson Management & Solutions Ltd., 2012 ONSC 3612 “Samson”. The common law
Loan Security: How a common practice by lenders could inadvertently void a guarantee By Garnet Brooks, Business Lawyer According to the Ontario Superior Court of Justice in the June 2012 case of Royal Bank v Samson Management & Solutions Ltd., 2012 ONSC 3612 [Samson], a lender can lose its guarantee security when making subsequent advances to a
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