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Court ruling resets the playing field for bonding companies

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"A landmark court decision supporting a construction bonding company’s claims in bankruptcy over a bank will stand without a Supreme Court of Canada appeal.

The unanimous five-member-panel decision in The Guarantee Company of North America v. Royal Bank of Canada, 2019 cleans up conflicts between the Ontario Construction Lien Act and the Federal Bankruptcy and Insolvency Act."

Click here to read the full article by Ian Harvey, printed in the Daily Commercial News.


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