Alive and well: Construction Lien Act deemed trust after bankruptcy

Matthew Lerner and Scott Rollwagen co-authored the article Alive and well: Construction Lien Act deemed trust after bankruptcy in The Lawyer's Daily February 8, 2019 edition. They discuss the recent decision in Guarantee Company of North America v Royal Bank of Canada that has upset the long-standing conventional wisdom among bankruptcy and insolvency practitioners in Ontario about the fate of provincially-created statutory trusts in bankruptcy.