Century McMynn Leasing and its lender GE Finance priority dispute between a lessor's financer

Won an important case for its client Century McMynn Leasing and its lender GE Finance.

A team of Davis lawyers recently won an important case for its client Century McMynn Leasing and its lender GE Finance. The case involved a priority dispute between a lessor's financer and the trustee of a bankrupt lessee under the Personal Property Security Act where the lessor failed to register the terms of the lease. This involved the interplay of the provisions of the PPSA dealing with trustees and the extent to which lessees take their interest in leased assets free of security interests against the lessor.

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Robert Groves
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Jurisdictions

  • Canada