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Hudson’s Bay is headed back to court Tuesday for a fight with one of its biggest lenders. Restore Capital LLC will ask Judge Peter Osborne to terminate a deal between the defunct retailer and B.C. billionaire Ruby Liu, who wants to buy up to 25 of its leases. The lender …
Read More »Hudson’s Bay lender asks court to end lease deal with mall owner Ruby Liu
One of Hudson’s Bay’s biggest lenders says the department store chain has handled its liquidation so badly that a court should end a buzzy but fraught lease transaction the retailer signed with a B.C. billionaire and subject the company to even more oversight as it winds down. A motion filed …
Read More »Lender open to giving Hudson’s Bay more time to save 6 stores so far spared from liquidation
One of Hudson’s Bay’s lenders says it’s willing to back changes to a restructuring agreement that would give the retailer more time to find a way to save six stores it has so far spared from liquidation. A lawyer for Restore Capital LLC says his client is open to revising …
Read More »Homeowners won’t face mortgage stress test if renewing with new lender: OSFI – National
Canada’s banking regulator is easing the burden on homeowners trying to switch their lender when renewing their mortgage by dropping the need to reapply the stress test. The Office of the Superintendent of Financial Institutions (OSFI) confirmed to Global News on Thursday that it’s ending the need for lenders to …
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