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ARTICLE · 14 NOVEMBER 2024

Escape 101 Ventures Inc v March Of Dimes Canada

Gowling WLG
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The Appellant, Escape 101 Ventures Inc. ("Escape"), and the Respondent, March of Dimes Canada ("March of Dimes"), entered into an Asset Purchase Agreement...

CanadaLitigation, Mediation & Arbitration

British Columbia Court of Appeal determines misapprehension of evidence going to the core of the Award remains an extricable error of law giving rise to a right of appeal

Facts

The Appellant, Escape 101 Ventures Inc. ("Escape"), and the Respondent, March of Dimes Canada ("March of Dimes"), entered into an Asset Purchase Agreement (the "Agreement"), which provided for March of Dimes to make payments to Escape based on a quarterly revenues formula. Escape and March of Dimes disputed whether the formula included revenues from additional work (the "Additional Work") awarded to March of Dimes after the date of the Agreement. This dispute was referred to arbitration.

The arbitrator dismissed Escape's claim that the revenues derived from the Additional Work should be included in the formula for payments. In the award, the arbitrator noted that Escape failed to object to March of Dimes' revenue calculations in quarterly reports prior to receipt of the July 2019

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