Worldspan Marine Inc. (Re) v., 2011 BCSC 1758

In Ship Building and Repair, Stays of Proceedings on (Updated )

The issue in this case was whether a stay of proceedings previously granted under the Companies Creditors Arrangement Act to allow an insolvent ship builder to refinance should be continued. The intended buyer of the partially constructed yacht opposed the builder’s application to continue the stay. The buyer wanted to lift the stay so that he could appoint a receiver …

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