‘Safe Harbour Protections’ shield ‘innocent purchaser’ in commercial property sale dispute: court

By Amanda Jerome ( July 18, 2022, 12:52 PM EDT) -- The Ontario Court of Appeal has allowed the appeal of a purchaser in a dispute over the sale of a commercial property, ruling that the “Safe Harbour Protections operate to protect” an innocent purchaser, even though the “Mortgagees’ enforcement rights were suspended at the time of the Transfer, pursuant to s. 22(3) of the Mortgages Act.”...