Facts:
RBD Victoria Homes Inc. and GRD Victoria Homes Inc. (collectively, "RBD") sued 0717227 B.C. Ltd. and its director, Kenneth Helm, for breach of contract in a real estate transaction involving the sale of Lot 10, a property in Coquitlam, B.C. The contract required the defendants to ensure substantial completion of off-site servicing by the closing date, which was extended several times. RBD alleged that delays in the servicing caused them financial losses.

Legal Arguments/Issues:
RBD claimed 0717227 B.C. Ltd. breached the contract by failing to complete the off-site servicing as warranted, causing them to incur costs of approximately $1,300,000. They also claimed negligent misrepresentation regarding the completion timeline. The defendants argued that the Mareva injunction, which froze their assets, was obtained based on material non-disclosure and should be lifted.

Decision:
The court considered whether the Mareva injunction should be maintained, analyzing whether RBD made full and frank disclosure when applying for the injunction and whether there was a real risk of asset dissipation by the defendants. The court maintained the security requirement on the defendants.

Costs/Award:
RBD was awarded security costs, with the defendants required to maintain $1,300,000 in trust to cover potential damages. The case highlighted contract law issues in real estate and the use of injunctions to secure assets.