Author: Peter Radulescu, Law Works P.C. Editor: Ben Hanuka, Law Works P.C. In Royal Bank of Canada v. Everest Group Inc., a decision of the Ontario Superior Court of Justice released on August 23, 2018, the Court held that RBC was entitled to a judgment on its loan against a franchisee, on a summary judgment motion, despite the franchisee’s rescission claim against the franchisor. The Court held that the bank was not obligated to defer its enforcement of repayment of the loan while the franchisee was pursuing its recession claim.
By Ben Hanuka This article, written by Ben Hanuka, was originally published by The Lawyer’s Daily on August 9, 2018.
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