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Stevenson Whelton Successful in Subdivision Development Contract Dispute

Stevenson Whelton LLP lawyers Richard Macklin and Neil Wilson recently successfully acted in a complex contractual dispute involving the interpretation of an agreement of purchase and sale for development lands in Richmond Hill, Ontario.  The dispute concerned the interpretation of a 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., 2018 ONSC 6421, can be found here.