Go to top
In the Media
01 Sep
2015

TD faces $5M negligence claim on behalf of Assaly creditors

  • September 1, 2015
  • Written on behalf of Regent Law

The Toronto Dominion Bank, its investment arm, and one of its Ottawa executives are facing a claim for $5 million in damages filed on behalf of a group of Ottawa investors who lost millions of dollars in two stillborn real estate projects promoted by Thomas G. For more information see the latest article from the..

01 Sep
2015

Ottawa real estate agent a partner in Golden Oaks scheme, arbitrator rules

  • September 1, 2015
  • Written on behalf of Regent Law

An Ottawa real estate agent and his brother who were involved with now-bankrupt Golden Oaks Enterprises will have to pay an estimated $658,000 to a bankruptcy trustee for their role in what an arbitrator has described as both a Ponzi and a pyramid scheme. For more information see the latest article from the Ottawa Citizen..

30 Apr
2014

Thomas C. Assaly’s estate seeks to recoup $5.3M from charitable foundation

The estate of Thomas C. Assaly has filed an 11th-hour claim for $5.3 million with a receiver and trustee over four bankrupt companies and a charitable foundation formerly controlled by the late developer’s eldest son, Thomas G. Assaly. The estate’s claim far exceeds assets trustee Doyle Salewski Inc. expects to recover. If accepted, it could..

15 Sep
2013

Moore et al. v. Assaly et al.

Four companies owned by Thomas G. Assaly have now been declared bankrupt following the appointment of Doyle Salewski Inc. as Receiver over those companies. The Receiver has found that moneys from these companies, many of which funds were solicited from our clients as investments in real estate developments which did not proceed, were collapsed into..

02 Sep
2013

Impact Tool & Mould Inc. (Receiver of) v. BDO Dunwoody Ltd. (2013) ONSC 2616

In a recent decision of the Ontario Superior Court of Justice, the Court found in favour of our client and ordered the disclosure of information over which BDO Dunwoody Ltd. claimed solicitor-client privilege, accepting our argument that solicitor-client privilege could not shield a Trustee’s documents from disclosure where there exists an apparent conflict of interest...

22 Aug
2013

Unsecured creditors owed millions by Lacasse challenge validity of second, third mortgages

See the article in the Ottawa Citizen Court-appointed receiver Brian Doyle and lawyer Justin Fogarty, who represents unsecured creditors of Golden Oaks Enterprises, enter the Elgin Street courthouse in Ottawa on Thursday. Photograph by: Mike Carroccetto, Ottawa Citizen To view older articles on the Golden Oaks case, please follow this link Vestibulum quis lorem in..