COVID-19 is obviously not limited to just Alberta – its effects have been global. So it has been interesting to take an opportunity to consider and digest the thoughts of practioners in other jurisdictions. We recently came across an interest blog post from Papazian Heisey Myers in Ontario. Michael S. Meyers is experienced enforcement counsel with a broad clientele, which includes both institutional and private lenders. Michael provides his thoughts on the impact COVID-19 will have on private lenders and reviews the concept of default under a mortgage.
This post is shared with Michael’s permission and represents his opinion. But it is certainly food for thought.