When a motion judge approved the sale agreement and technology license agreement and approval of the sale and sale agreement, what analysis applied?
Ontario, Canada
The following excerpt is from Canrock Ventures LLC v. Ambercore Software Inc, 2011 ONCA 414 (CanLII):
The motion judge appropriately applied the analysis in Royal Bank v. Soundair in approving the sale agreement and technology license agreement. He explained why the proposed transaction was reasonable in the new circumstances, including why the earlier concerns were either addressed by the receiver’s subsequent actions or outweighed by the changed facts at the time of the motion before him. Given the deference that must be given to his decision, we see neither an error in principle nor any reason to interfere with his exercise of discretion.
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