Daniel S. Murdoch

The plaintiffs sought leave to appeal an interlocutory injunction granted in favour of the defendants in a dispute between two family-owned companies over commercial lease rent payments.

The plaintiffs argued the motions judge erred in finding irreparable harm and exceeded his jurisdiction by characterizing their conduct as illegal.

The Divisional Court dismissed the motion for leave to appeal, finding no reason to doubt the correctness of the motions judge's decision and concluding the matter did not raise issues of public importance justifying a hearing by a full panel.

The appellant, manager of an income trust, appealed a decision regarding the interpretation of the trust's declaration of trust.

The dispute centered on the method and date for calculating the 'Net Realized Proceeds per Unit' for units redeemed by the respondents.

The Court of Appeal upheld the application judge's finding that the valuation date was the correct date for determining the redemption price under both calculation methods provided in the declaration of trust.

The appeal was dismissed with costs.