What is the reason why a court dismissed an application to strike from a mortgage investment corporation?
British Columbia, Canada
The following excerpt is from EY Holdings Ltd. v. Great Pacific Mortgage & Investments Ltd., 2017 BCCA 405 (CanLII):
Reasons for Judgment were released on January 27, 2017. The chambers judge dismissed the application to strike on the basis that he was not satisfied that it was plain and obvious that the rule in Foss v. Harbottle applied to a mortgage investment corporation.
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