What are the consequences of bad faith, bad faith or dissipation in dealing with losses caused by bad faith?
Alberta, Canada
The following excerpt is from Holik v. Holik, 2011 ABQB 672 (CanLII):
I will deal next with the question of whether the losses amount to dissipation using the words quoted from Mahoney J’s judgment in Metz v. Metz (supra): ... an element of bad faith. Foolish economic decisions, reckless or spiteful spending, pursuit of an illusory financial objective or squandering money ...
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