Directors and officers to be liable for contamination on escheated land?
What happens to contaminated sites when their corporate owner goes bust? Most of them end up escheating to the province, which is increasingly concerned about costs of managing them. Now, Ontario’s Ministry of Infrastructure is seeking comments on a proposed new management framework for forf…
View the post titled Directors and officers to be liable for contamination on escheated land?Escheat is very popular
One of the popular ways of dealing with contaminated sites that are “underwater” i.e. where the economic value of the property does not justify remediation, is to abandon it by letting it escheat to the Crown. Escheat happens when a corporation is dissolved, leaving no one to receive its …
View the post titled Escheat is very popularReceive Blog Posts
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