Great story.
I always had my doubts about Champion Bare, and that tale sort of confirms it.
They are so suable.
Patents and leases, once were recoverable by the principle I spoke about, i.e. relief from forfeiture. This principle, enshrined in Anglo Saxon law since the Magna Carta to give relief from excess taxes on widows and orphans and arbitrary levies by the King in order to possess baronial estates, has, it appears, been repealed by an aggressive Ontario government who seeks to adopt the mantle of the Plantagenets in order to better fleece their beleaguered subjects. Theft by taxation is an old government trick.
Fasken Martineau
fasken.com
"In the commercial lease context, relief from forfeiture arises where a tenant’s breach of lease exposes it to a landlord’s entitlement to cancel the lease. Such judicial reinstatement of the lease in the form of relief from forfeiture evolved in the Courts of Chancery. In BC, it is now a legislated remedy found in s. 24 of the Law & Equity Act, R.S.B.C., 1996, c. 253:
24. The Court may relieve against all penalties and forfeitures, and in granting the relief impose any terms as to costs, expenses, damages, compensations and all other matters that the court thinks fit."
I agree companies should pay dues to keep the an, as they never paid good money for the land up front. However there are often millions invested and the mere missing of a due date should not arbitrarily toss that investment down the drain, rendering the powerless shareholder bereft. |
