Strata Plan LMS 992

Overview

On July 7, 2021, the Owners, Strata Plan LMS992 (“Joyce Place”), located at 3362-3376, 3378, 3380, 3382 and 3384 Vanness Avenue, Vancouver, BC, held a special general meeting to consider resolutions (the “Wind-Up Resolutions”) to wind-up Joyce Place and appoint Mr. Derek Lai of Crowe MacKay & Company (“CMCO” or the “Liquidator”) as the liquidator of the strata pursuant to section 277 of the Strata Property Act. The Wind-Up Resolution passed, receiving received 52 votes in favour, representing 81.9% of the 63 strata units, and 11.5 votes against.

On September 2, 2021, the Owners, Strata Plan LMS992, commenced a petition in the B.C. Supreme Court seeking an order confirming the wind-up resolution passed at the Special General Meeting held on July 7, 2021.

On October 19, 2022, Justice Marzari issued Reasons of Judgment in the wind-up petition commenced by the Owners whereby all of the orders sought including the confirmation of the wind-up Joyce Place and confirmation of CMCO as the Liquidator of Joyce Place. As such, the Liquidator now has the authority over the affairs of Joyce Place.

Copies of the pleadings including the aforesaid Order will be published on the Liquidator’s website at: https://www.joyceplacestrata.com/.

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