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ARTICLE · 02 OCTOBER 2025

Whose Tractor Is It Anyway? Quebec Decision Clarifies Ownership Claims In Receivership

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A recent Quebec Court of Appeal's decision in Séquestre de Bois BSL inc. / BSL Wood Products Inc., 2025 QCCA 993, builds on the Superior Court's ruling1 and revisits the dissenting opinion in Maschinenfabrik Rieter AG c. Canadian Fidelity Mills Ltd., 2005 QCCA 1033

CanadaFinance and Banking
Mahnaz Jan Ali
Mahnaz Jan Ali
Andrée-Anne Tremblay
Andrée-Anne Tremblay
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Key Takeaways from Séquestre de Bois BSL inc. / BSL Wood Products Inc., 2025:

  • Once receivership or bankruptcy is declared, federal insolvency law applies
  • Late registration invalidates ownership claims
  • Majority decision in Maschinenfabrik prevails

A recent Quebec Court of Appeal's decision in Séquestre de Bois BSL inc. / BSL Wood Products Inc., 2025 QCCA 993, builds on the Superior Court's ruling1 and revisits the dissenting opinion in Maschinenfabrik Rieter AG c. Canadian Fidelity Mills Ltd., 2005 QCCA 1033. It clarifies the legal treatment of ownership claims in the context of receivership and the consequences of late registration of security under Quebec law.

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