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Wallace v. Allen considering the enforceability of letters of intent

  • Cassels Brock & Blackwell LLP
  • -
  • Canada
  • -
  • May 8 2009

In the course of negotiating a proposed business transaction, it is common practice for the parties to set out the agreed upon terms of the transaction in an informal document, such as a letter of intent or term sheet, often signed by the parties pending the preparation of a more formal agreement

BCE Inc. decision: lessons for directors and debentureholders

  • Cassels Brock & Blackwell LLP
  • -
  • Canada
  • -
  • April 4 2009

On December 19, 2008, the Supreme Court of Canada delivered a unanimous judgement on an action commenced by a group of Bell Canada debentureholders seeking to stop the sale of BCE Inc. ("BCE") to a buyout group, led by the Ontario Teachers Pension Plan Board