03/09/13 – Jurisdiction British Columbia
Part 10 published on 01/05/05
Managers claims for termination of Management Agreement
Part 10 published on 01/05/05
Managers claims for termination of Management Agreement
The Plaintiff, a management firm, sued for damages for breach of the management agreement (for alleged improper, unilateral termination of the agreement). The defendant, Strata Corporation alleged that it had cause to terminate the agreement.
The Strata Corporation made application for dismissal of the claim on procedural grounds. That application was dismissed. The Strata Corporation also made application for an order requiring that the plaintiff post security for costs. That application was granted. The Court was not satisfied that the plaintiff had sufficient assets to satisfy any award of costs, and therefore made the order for security for costs.