Bankruptcy Trustee Successfully Asserts Extension of Subsection 38(2) Commercial Tenancies Act Rights After Landlord Argues Lease was Surrendered

July 17, 2020

Bankruptcy Trustee Successfully Asserts Extension of Subsection 38(2) Commercial Tenancies Act Rights After Landlord Argues Lease was Surrendered

The Ontario Superior Court recently granted a bankruptcy trustee access to a premises and the right to assign a lease, despite the landlord’s claim that the same trustee, acting as receiver, had previously surrendered the lease to the landlord. Further, the Court extended the trustee’s time period within which to exercise those rights.

 Read the full article here: Bankruptcy Trustee - Extension of Subsection 38(2) of CTA

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