Set-off and security interests

Set-off and security interests

In the 2009 decision 'Caisse populaire Desjardins de I'Est de Drummond v Canada', Rothstein J, on behalf of a majority of the Supreme Court of Canada (SCC), acknowledged, by extension, that a transaction incorporating or prominently featuring a right of set-off may create a security i...

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Veröffentlicht in:University of British Columbia law review 2017-02, Vol.50 (1), p.1-37
1. Verfasser: Bangsund, Clayton
Format: Artikel
Sprache:eng
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Canada. Supreme Court
Common law
Law and legislation
Laws, regulations and rules
Payment
Personal property
Secured transactions
Security (Law)
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description In the 2009 decision 'Caisse populaire Desjardins de I'Est de Drummond v Canada', Rothstein J, on behalf of a majority of the Supreme Court of Canada (SCC), acknowledged, by extension, that a transaction incorporating or prominently featuring a right of set-off may create a security interest under the 'Personal Property Security Act ("PPSA")'. In this article, I approximate an answer to an important threshold question that flows from that acknowledgment, and pose and address a further series of derivative questions.
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subjects Canada. Supreme Court
Common law
Law and legislation
Laws, regulations and rules
Payment
Personal property
Secured transactions
Security (Law)
title Set-off and security interests
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