Charter Cruise Co. Beats Canada Over $52M Lodging Contract

Law360, New York (September 10, 2013, 3:16 PM EDT) -- A D.C. federal court on Monday sided with a charter cruise company in its suit against the Canadian government over a CA$54 million ($52.2 million) contract to provide lodging for the 2010 Winter Olympics in Vancouver, finding Canada breached its agreement to pay all taxes imposed on the cruise lines.

U.S. District Judge Rosemary M. Collyer granted summary judgment to Cruise Connections Charter Management 1 LP, ruling that the Royal Canadian Mounted Police repudiated its contractual obligation to pay approximately $6 million in Canadian taxes to...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.