Mont Sainte-Anne and Sépaq Ratify an Agreement

November 7th, 2013

Mont Sainte-Anne and the Société des Établissements de plein air du Québec (Sépaq) have recently announced the ratification of an agreement, amending some transaction clauses brought in during the transfer of Mont Sainte-Anne Station in 1994.

The Langlois Kronström Desjardins firm has supported the Sépaq throughout this undertaking, according to a fully integrated work approach and under the direction of the Sépaq litigation department. The agreement has ended a dispute of interpretation on the impact of some clauses, which were detrimental to the development of the station, as well as attuning to the required conditions for the future of the station with the realities of today’s market. The litigation was directed at Mont Sainte-Anne’s obligations to buy some land located around the perimeter of the ski area. This agreement allows the Sépaq to take advantage of financial considerations targeted by the 1994 transaction by means of a fair profit sharing of the future sales of these lots. The Langlois Kronström Desjardins team responsible for the case was made up of Yves Rochette and Michel Jolin.