Is it in the interests of justice to require a natural individual to sell or encumber his assets to post security for a corporation?
Ontario, Canada
The following excerpt is from Montrose v. CIBC World Markets, 2012 ONSC 591 (CanLII):
It is not in the interests of justice to require a natural individual to sell or encumber those assets which could be described as necessary for life in order to post security for a corporation unless it is clear that the corporate plaintiff lacks a meritorious case. See Das v. Coles (1989), 71 O.R. (2d) 87 at paragraph 21 where Granger J. expressed a similar view.
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