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.