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Saskatchewan Credit Unions Torpedo Bank Act Security
Against initial odds placed by many commentators, Layh & Associates emerged victoriously in two cases before the Supreme Court of Canada. In tandem decisions, released November 5, 2010, the Court held that two Saskatchewan Credit Unions, each with unregistered personal property security interests, defeated later taken Bank Act security interests in the same collateral. These decisions have garnered national attention and will provide strong incentive for chartered banks to abandon Bank Act security interests and register provincially recognized security interests in the Personal Property Registries where determining priority is precise and consistent among all secured creditors.
For more information: See “Legal Commentary”
Don Layh Chairs Saskatchewan Law Reform Commission
Don Layh chairs the Law Reform Commission of Saskatchewan which has recently secured office space at the College of Law and has undertaken significant reform projects. Check out the website at: http://www.lawreformcommission.sk.ca
Law Courses
Don Layh has taught law courses for more than 25 years with audiences as diverse as New Zealand lawyers, law students, farm machinery dealers across Canada, auctioneers, and employees of public and private lenders. Learn more about law courses offered by Layh & Associates:
Don Layh Publishes A Legacy of Protection
A Legacy of Protection is a 600 page volume of Saskatchewan's historic farm-protection legislation, described by Saskatchewan's former Chief Justice as "a masterly treatise ... scrupulously researched and critically analyzed." A Legacy of Protection is used as a text at the College of Law and is available for purchase ($45 plus GST and shipping).
For further information contact michele.yeske@layhlaw.com.
Legal Commentary
Issues of particular interest to commercial lenders are analyzed in our legal briefs.
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Our Practice
We specialize in debtor-creditor law, secured finance and agricultural law. Learn more about our practice here.
Our Office
Learn about our unique locations in Langenburg, Saskatchewan and Russell, Manitoba and the natural and professional advantages they offer.