Due to the current economic downturn, many corporations (Borrowers) may find themselves in financial difficulty and need to refinance their existing debt obligations with creditors (Lenders). Such Borrowers may be able to...more
A drafting mistake in an agreement can result in significant and unintended tax consequences. In the recent case of Baytex Energy Ltd. v. Canada (Attorney General) (Baytex), the Court of Queen’s Bench of Alberta (Court)...more
11/3/2015
/ Canada ,
Corporate Taxes ,
Evidence ,
Income Tax Act ,
Income Taxes ,
Intent of the Parties ,
Mistake ,
NPI Agreement ,
Offsets ,
Oil & Gas ,
Rectification ,
Rescission ,
Trusts ,
Written Agreements