The defendants moved for summary judgment dismissing two related actions alleging fraudulent conveyances on the basis that the claims were barred by the two‑year limitation period under the Limitations Act, 2002.
The plaintiffs argued that the claims were timely due to discoverability, reliance on another creditor’s ongoing fraudulent conveyance action, and potential application of the Real Property Limitations Act or exceptions for declaratory relief.
The court held that issues of discoverability, whether the relief sought was purely declaratory, whether reliance on the prior action affected limitation analysis, and whether fraudulent concealment occurred all raised genuine issues requiring a trial.
The evidence could support the plaintiffs’ position that the limitation period either had not expired or might not apply.
Summary judgment was therefore inappropriate.