Supreme Court grants leave to appeal in Daishowa

On the appeal to it in the Daishowa case, the Supreme Court will be faced with the issue as to whether and to what extent legal obligations of a purchaser to perform on-going work respecting a purchased asset (in that case, a reforestation obligation) will increase the seller's proceeds of disposition.

Scott Armstrong.  See: the 5 June 2012 SCC Press Release; and the current summary of Federal Court of Appeal decision in Daishowa-Marubeni International Ltd. v. The Queen, 2011 FCA 267 under s. 13(21).