Brendan Craig

Top 5 facts about B.C.’s new property transfer tax on foreign buyers

On July 25, 2016, the B.C. government announced that it is implementing a new property transfer tax applicable to foreign buyers of residential properties. Here are the top 5 things you need to know about the new tax:

  1. What properties
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DIP financing basics and recent case law

Debtor-in-possession (“DIP”) financing, also known as “interim financing” or “DIP financing,” describes an increasingly common situation where an insolvent company is allowed to remain in possession of its assets during the restructuring process and receive additional financing in order to …

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The effect of recent litigation on the BC Real Estate Development Marketing Act

What is REDMA?

The British Columbia Real Estate Development Marketing Act (“REDMA”) was brought in to force in 2005 primarily to protect consumers of pre-sale condominium projects against changes made by developers prior to project completion. REDMA applies to developments …

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