Archive for October, 2013

DO NOT INADVERTENTLY LOSE LEGAL RIGHTS:

Written by Joshua Cheifetz on . Posted in Articles

In Martenfeld v Collins Barrow Toronto LLP, 2013 ONSC 4792, Collins Barrow Toronto LLP (“CBT”) completed journal entries to protect CBT’s capital from creditors, without making the necessary changes to the provisions in CBT’s partnership agreement (the “Partnership Agreement”). This oversight cost CBT $310,978.00 (CBT owed Marvin Martenfeld (“Martenfeld”) $260,788.25 instead of Martenfeld owing CBT […]