Specific fund and assets preserved pending appeal.
On a chambers motion pending appeal, the appellant law firm sought to preserve funds representing part of a fire-loss damages award and certain personal property claimed as security for unpaid accounts.
The court held that the portion of the fire judgment standing in the place of the destroyed goods constituted a specific fund under Rule 45.02, including prejudgment interest, and that the appeal had sufficient apparent merit because the limitation and laches issues were arguable and non-frivolous.
The balance of convenience favoured continued preservation because there was no assurance the funds would remain available if released and no demonstrated need for immediate release to the respondents.
Orders preserving both the fund and the identified property pending appeal were granted.
Perry, Farley & Onyschuk v. Outerbridge Management Limited et al., 2000 ONCA 16952