Appellant
Respondent
Background: The plaintiffs, Lorne Harder, Springhill Investments Ltd., and Harder Investments Ltd., had made several high-risk investments and loans to companies and individuals associated with George Molyviatis and Jocelyn Bennett, including Pangaea Resources Limited and InCor Holdings Limited. The plaintiffs alleged that the defendants misrepresented the risk levels of these investments and failed to repay the loans.
Legal Issues:
Court of Appeal Decision: The Court of Appeal dismissed the appeal, supporting the Supreme Court's decision to grant the Mareva injunction. It found a strong prima facie case regarding certain loans due and payable, specifically the $2 million under the June 21, 2021, promissory note and other amounts totaling $8,858,050.
Outcome: The appeal was dismissed, maintaining the Mareva injunction and disclosure orders against the defendants, securing $8,858,050 in assets to protect the plaintiffs' interests. No specific award costs were mentioned in the summary.
Court
Court of Appeals for British ColumbiaCase Number
CA49488Practice Area
Corporate & commercial lawAmount
Winner
RespondentTrial Start Date
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