Reichmann v. Vered et al., [2003] O.T.C. 220 (SC)

• Judge: Cameron, J.
• Court: Superior Court of Justice of Ontario (Canada)
• Case Date: March 21, 2003
• Jurisdiction: Ontario
• Citations: [2003] O.T.C. 220 (SC)

Reichmann v. Vered, [2003] O.T.C. 220 (SC)

MLB headnote and full text

Temp. Cite: [2003] O.T.C. TBEd. MR.075

Albert Reichmann (plaintiff) v. Zeev Vered and Ron Engineering and Construction (International) Ltd. (defendants)

(Court File No. 94-CQ-52726)

Indexed As: Reichmann v. Vered et al.

Court of Ontario

Superior Court of Justice

Cameron, J.

March 21, 2003 and April 30, 2003 and November 3, 2003.

Summary:

This headnote contains no summary.

Damages - Topic 552

Limits of compensatory damages - Remoteness - Contracts - Recoverable damages - See paragraphs 177 to 192.

Damages - Topic 5716

Contracts - Breach of contract - Currency exchange losses - See paragraphs 171 to 175.

Equity - Topic 1007

Equitable relief - General - Tracing - See paragraphs 280 to 296.

Equity - Topic 3650

Fiduciary or confidential relationships - Breach of fiduciary relationship - Joint ventures - See paragraphs 223 to 239.

Restitution - Topic 123

Unjust enrichment - Remedies - Constructive trust - See paragraphs 245 to 269.

Trusts - Topic 2308

Constructive trusts - General principles - Circumstances when imposed - See paragraphs 245 to 269.

Cases Noticed:

General Refractories Co. of Canada Ltd. v. Venturedyne Ltd. et al., [2001] O.T.C. Uned. 209 (Sup. Ct.), refd to. [para. 173].

Hadley v. Baxendale (1854), 9 Ex. 341; 156 E.R. 145 (Exch.) refd to. [para. 177].

Nedanic Investments Ltd. v. Dossa, [1997] O.J. No. 2907 (Gen. Div.), affd. [2000] O.A.C. Uned. 75 (C.A.), refd to. [para. 224].

Harris v. Lindeborg, [1931] S.C.R. 235, refd to. [para. 224].

Wonsch Construction Co. et al. v. Danzig Enterprises Ltd. et al., [1987] O.J. No. 1202 (H.C.), affd. (1990), 42 O.A.C. 195; 1 O.R.(3d) 382; 75 D.L.R.(4th) 732 (C.A.), refd to. [para. 224].

Chitel v. Bank of Montreal, [2002] O.T.C. 379 (Sup. Ct.), refd to. [para. 224].

Canada Southern Petroleum Ltd. et al. v. Amoco Canada Petroleum Co. et al. (2001), 300 A.R. 201 (Q.B.), refd to. [para. 224].

Visagie et al. v. TVX Gold Inc. (2000), 132 O.A.C. 231; 49 O.R.(3d) 198 (C.A.), refd to. [para. 225].

Waxman v. Waxman, [2002] O.T.C. 443 (Sup. Ct.), refd to. [para. 226].

International Corona Resources Ltd. v. LAC Minerals Ltd., [1989] 2 S.C.R. 574; 101 N.R. 239; 36 O.A.C. 57, refd to. [para. 227].

Roman Corp. Ltd. v. Peat Marwick Thorne (1992), 11 O.R.(3d) 248 (Gen. Div.), refd to. [para. 227].

Frame v. Smith and Smith, [1987] 2 S.C.R. 99; 78 N.R. 40; 23 O.A.C. 84; 42 D.L.R.(4th) 81, refd to. [para. 227].

Hodgkinson v. Simms et al., [1994] 3 S.C.R. 377; 171 N.R. 245; 49 B.C.A.C. 1; 80 W.A.C. 1; [1994] 9 W.W.R. 609, refd to. [para. 228].

Stott v. Merit Investment Corp. (1988), 25 O.A.C. 174; 48 D.L.R.(4th) 288 (C.A.), refd to. [para. 238].

Morrison-Knudsen Co. et al. v. British Columbia Hydro and Power Authority (1978), 85 D.L.R.(3d) 186 (B.C.C.A.), refd to. [para. 241].

Becker v. Pettkus, [1980] 2 S.C.R. 834; 34 N.R. 384, refd to. [para. 257].

Soulos v. Korkontzilas et al., [1997] 2 S.C.R. 217; 212 N.R. 1; 100 O.A.C. 241; 146 D.L.R.(4th) 214, refd to. [para. 258].

Bank of America Canada v. Mutual Trust Co. et al. (2002), 287 N.R. 171; 159 O.A.C. 1; 211 D.L.R.(4th) 385 (S.C.C.), refd to. [para. 270].

Rochwerg et al. v. Truster et al. (2002), 158 O.A.C. 41; 58 O.R.(3d) 687 (C.A.), refd to. [para. 285].

Boscawen v. Bajwa, [1995] 4 All E.R. 769 (C.A.), refd to. [para. 286].

Foskett et al. v. McKeown et al., [2000] 3 All E.R. 97; 257 N.R. 294 (H.L.), refd to. [para. 288].

A.F.F. Farms Ltd. v. Bogyay, [1986] O.J. No. 33 (H.C.), refd to. [para. 289].

Authors and Works Noticed:

Ellis, M., Fiduciary Duties in Canada (2000), pp. 20-6.1 [para. 223]; 20-6.2 [para. 286].

Fridman, G.H.L., Quantum Meruit (1999), 37 Alta. L. Rev. (No. 1) 38-50, para. 9 [para. 242].

Maddaugh, Peter D., and McCamus, John D., The Law of Restitution, (1990), pp. 91, 92 [para. 257]; 576 to 587 [para. 227].

Waddams, The Law of Contract (4th Ed. 1999), paras. 509 to 513, pp. 367 to 370 [para. 238].

Counsel:

Allan Sternberg and Robert A. Watson, for the plaintiff;

David Scott, Q.C., and Jane M. Bachynski, for the defendant, Zeev Vered;

Stephen Victor, Q.C., for the defendant, Ron Engineering and Construction (International) Ltd.

This matter was heard on May 7-10, 13-16, 21-24, and 27, June 26, 27, August 6-8, and September 18 and 19, 2002, by Cameron, J., of the Ontario Superior Court, who delivered the following decision on March 21, 2003 and the following supplementary reasons on April 30, 2003 and the following reasons for judgment on November 3, 2003.

Please note: The following judgment has not been edited.