Stevenson Whelton Successful in Land Development Contract Appeal

  Published on October 12, 2019  

Stevenson Whelton LLP lawyers Neil Wilson and Wei Jiang recently successfully acted on an appeal involving the interpretation of an agreement of purchase and sale for development lands in Richmond Hill, Ontario. The dispute concerned the interpretation of a contractual clause defining "developable area" and whether Greenbelt lands on which stormwater management ponds are placed fell within the definition. The parties' competing interpretations resulted in a purchase price difference of approximately $4,000,000. A copy of the decision, Raki Holdings Inc. v. Lionheart Enterprises Inc., 2019 ONCA 786, can be found here.

Disclaimer: Our blog is intended to inform our existing and prospective clients about topics pertinent to their lives. While our goal is to provide accurate and factual information, this in no way should be taken as legal advice or applied to specific cases. It is in your best interest to contact a licenced and practising lawyer for legal representation, as matters of the law are often complicated and cannot be fully assessed without knowing all of the details of a case.