Obligation to Disclose a Surety Bond to Potential Beneficiaries
Is the Decision in Valard Construction Ltd v. Bird Construction Co. Really Revolutionary in Quebec?
The Supreme Court of Canada recently ruled on the obligation, whose existence and degree of intensity vary according to the circumstances, to disclose the existence of a surety bond for construction wages and materials to potential beneficiaries, pursuant to general principles of Common Law trusts and equity that do not apply, or at least not in the same way, in Quebec.
After analyzing the decision, we will review the state of the law in Quebec in this regard.