Akelius Canada Ltd. outmaneuvered by The Wynn Group of Companies in their sale of eight buildings to Timbercreek Asset Management
LINK TO AKELIUS CANADA TORONTO TENANTS YOUTUBE CHANNEL CASE BROUGHT BY AKELIUS CANADA LTD CITATION : Akelius Canada Inc. v. 2436196 Ontario Inc. et al., 2018 ONSC 6138 COURT FILE NO.: CV-16-547529 MOTION HEARD: 20180613 SUPERIOR COURT OF JUSTICE - ONTARIO RE: Akelius Canada Inc., Plaintiff AND: 2436196 Ontario Inc. and B’nai Fishel Corporation, Defendants BEFORE: Master P.T. Sugunasiri COUNSEL: Calina, V., Counsel for the Plaintiff/Moving Party Clark, S., Counsel for the Defendants HEARD: June 13, 2018 REASONS FOR DECISION [ 1 ] The Plaintiff and Defendants are sophisticated parties to a commercial real estate contract involving eight properties in Toronto (“Properties”). The transaction was set to close on January 7, 2016. However, due to what the Plaintiff characterizes are breaches on the part of the Defendants, the transaction