This was a summary trial for a declaration that the Defendant was entitled to limit her liability under the Canada Shipping Act. The facts were that a small motor boat operated by the Defendant struck a swimmer in Okanagan Lake. At the time, the Defendant was operating the boat without the permission of the owner, the Defendant’s father. (An action …
Full SummaryMeeker Log and Timber Ltd. v. The "Sea Imp VIII", (1995), 8 B.C.L.R. (3d) 143, (B.C.S.C.)
The Court held that the exchange rate to be used for converting SDRs to Canadian Dollars is the rate in effect on the date the fund is established, whether the fund is established by judgment or payment into court.
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