Unanimous owner agreement is no longer required to wind-up a strata corporation in BC. The new threshold is 80%, as per new law which came into force in July. Owners of a Vancouver condo became the first in BC to dissolve their strata corporation without 100% owner support. Featured in Business in Vancouver, Darren Donnelly discusses this first vote as well as the complexities facing strata corporations considering dissolution. Learn more.
Related Content
Duty of Good Faith and Honest Performance Extended to All Contracts in Canada
On November 13, 2014, the Supreme Court of Canada updated Canadian common law by extending for the first time the principle of good faith to ... Continued
The Strata Property Act
Since July 31, 1998, the industry has awaited the coming into force of the Strata Property Act. On July 1, 2000, the Strata Property Act ... Continued
Clark Wilson Names New Managing Partner James Speakman
Clark Wilson LLP is pleased to announce that James Speakman has been appointed Managing Partner of the firm, effective April 1, 2014. James’ career of ... Continued