The Priority of Valid Mortgages While Accompanied by a Fraudulent Discharge: The ONSC Decision in CIBC Mortgages Inc. v. Computershare Trust Co. of Canada | Practical Law
This Update reviews the 2016 decision of the Ontario Divisional Court in CIBC Mortgages Inc. v. Computershare Trust Co. of Canada. The case required the Divisional Court to examine sections 78(4), (4.1) and (4.2) of the Land Titles Act, R.S.O. 1990, c. L.5 and examine the meaning of a "fraudulent instrument".