Case commented on: Mylona Enterprises Ltd v Foundation Place Inc, 2013 ABQB 385.
Does an option to purchase that is subject to a number of contingencies afford the optionee an equitable interest in land for the purposes of establishing that the optionee has a proof of a claim under the Companies’ Creditors Arrangement Act, RSC 1985, c C-36? In this case Justice Yamauchi held that it does so notwithstanding the decision of the Supreme Court of Canada in Semelhago v Paramadevan, [1996] 2 SCR 415 and the decision of the Alberta Court of Appeal in 1244034 Alberta Ltd v Walton International Group Inc, 2007 ABCA 372.