Jenor Steel Incorporated v. 466372 B.C. Ltd.
DC Machine Parts Inc.
466372 B.C. Ltd.
Law Firm / Organization
Fasken Martineau DuMoulin LLP
Lawyer(s)

Eric B. Clavier

Sonic Holdings Ltd.
Law Firm / Organization
Fasken Martineau DuMoulin LLP
Lawyer(s)

Eric B. Clavier

Jenor Steel Incorporated
Law Firm / Organization
Dennis James Aitken LLP
Thomas Strahl
Law Firm / Organization
Waterstone Law Group LLP
Lawyer(s)

Savina Sohi

Background: The case primarily involved disputes over property sale terms, particularly concerning vacant possession. Jenor Steel and 466372 B.C. Ltd. were co-owners of a commercial property in Chilliwack, which was leased to DC Machine Parts Inc. by Sonic Holdings Ltd. Jenor Steel aimed to enforce the sale of the property with vacant possession to maximize its market value, while DC Machine sought to extend its lease despite the property being scheduled for sale with vacant possession.

Held: Justice Macintosh affirmed earlier judicial orders that the property should be sold with vacant possession, noting substantial increase in value under such conditions. The court found no merit in DC Machine's claims for an extension to remain at the property beyond the agreed sale date.

Award and Costs: The property was sold to Thomas Strahl for $7.5 million, set to close on May 2, 2023, with Jenor Steel and 466372 B.C. Ltd. mandated to provide vacant possession. The court awarded costs on the ordinary scale to Mr. Strahl, to be paid forthwith.

Supreme Court of British Columbia
S209046
Corporate & commercial law
Other