iAnthus Provides Update on Recapitalization Transaction
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iAnthus Provides Update on Recapitalization Transaction
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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The COVID-19 pandemic has caused thousands of businesses across
the country to close their doors either temporarily or permanently.
These closures have resulted in a significant increase in disputes
between commercial landlords and their tenants. While many of those
disputes have been, or can be, resolved with a business-minded
solution – with the landlord and the tenant sharing the economic pain – a number of cases have ended up
in court.
Cassels is experienced in handling leasing and real estate
disputes. Below we have summarized the most significant reported
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Cresford Developments
After a year of litigation and negotiation most of the 492 preconstruction purchasers in the insolvent Clover on Yonge condominium project have agreed to a reorganization plan that will allow the Concord Group of Companies to finally finish the 44-storey building in downtown Toronto.
“It took longer than we expected,” said David Gruber, a lawyer with Bennett Jones LLP, who represented Concord. “Our original thinking was we’d get where we are now around September. There were bumps along the way, but our original thinking turned out to be right that everybody’s interests were aligned in that you’re going to get a better outcome than if [Clover] were just sold in receivership.”