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Ontario Court Orders Hudson's Bay to Reimburse Landlords

Published 2 weeks, 1 day ago
Description

In a surprising turn, an Ontario court ordered Hudsons Bay to reimburse landlords $2.4 million in legal fees, blocking the retailers plan to sell store leases to Ruby Liu. The courts decision, unprecedented in creditor protection cases, was based on fairness, not punishment. However, the landlords victory may be short-lived, as creditor priorities remain unresolved, potentially leaving them with nothing.

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