23 Oct 2023
Top Down Investments Inc. v Kranz
In the case of Top Down Investments Inc. v. Kranz dated October 23, 2023, defendant Fred Kranz had sought orders for the production of documents related to a dispute involving a 126-unit apartment building located at 620 Dobson Road in Duncan, British Columbia. Mr. Kranz had owned the property since 1979, and following a fire in June 2018 that had rendered a quarter of the units uninhabitable, he had hired Guy Bouchard, the plaintiff, to oversee the property's renovations.
The dispute had centered on an alleged agreement between the parties. According to the plaintiffs, an agreement had been made where they would manage and perform the property's reconstruction, and eventually, they would purchase it. The plaintiffs had also asserted they were owed $1,242,608.31 for the work they had performed. Mr. Kranz had disputed this claim, arguing that he had advanced approximately $4 million to Mr. Bouchard and the plaintiff companies, which had exceeded the value of the work done. He had alleged that the difference had been misappropriated by Mr. Bouchard.
Ultimately, the court had granted Mr. Kranz's application for the production of documents and had ordered the plaintiffs to provide an amended list of documents within 45 days. Mr. Kranz had also been awarded costs in the case due to his substantial success in the application. No specific amount provided in the case regarding financial award.