Supreme Court Won T Hear Dispute Over 1 Billion Vancouver Waterfront Development Ending 7 Year Legal Battle

The feud began in 2015 when Concord alleged that Singapore-based billionaire Oei Hong Leong and his company, Canadian Metropolitan Properties, backed out of a deal to jointly develop the former Expo 86 Plaza of Nations site. Oei and Concord boss Terry Hui had signed an initial agreement to turn the roughly five-hectare parcel on the northeast shore of Vancouver’s False Creek into a mixed-use community with 30-storey apartment buildings, an ice rink, a community center and a artistic space. When talks broke down seven years ago, Hui and Concord launched a civil lawsuit, arguing that the preliminary agreement with Oei was a binding contract. The BC Supreme Court sided with Oei in 2019, and the BC Court of Appeal issued its majority decision in January, with both courts holding that the contract lacked enough “material terms” to make it enforceable. The Supreme Court of Canada’s decision means the lower court’s rulings will stand and, as is customary, the high court is not giving reasons for refusing to hear Concord’s appeal. Oei and Canadian Metropolitan Properties have moved forward with development plans for the Plaza of Nations, now called Expo Gardens, and the company confirmed that the project has nearly completed the City of Vancouver’s permitting process. Oei Hong Leong bought the Plaza of Nations site in 1990 for $40 million. He now has an estimated worth of $800 million. (Yvette Brend/CBC News) Oei said he hopes to start construction on the property he bought in 1990 for $40 million but now has an appraised value of $800 million. “Now I can build something iconic for Vancouver and give something back to this city I love,” Oei said in a statement released after the BC Court of Appeal decision. Concord, which still owns the land east of the Plaza of Nations at the northeast end of False Creek, is in the process of seeking permits to develop that site. The BC Court of Appeal decision was “disappointing,” the company said when the decision was released in January, but added in a news release that, regardless of the outcome of the Supreme Court of Canada appeal, it hoped the Plaza of Nations development would website “will be moving forward soon in the interest of the wider community.”

title: “Supreme Court Won T Hear Dispute Over 1 Billion Vancouver Waterfront Development Ending 7 Year Legal Battle Klmat” ShowToc: true date: “2022-12-09” author: “James Maltie”

The feud began in 2015 when Concord alleged that Singapore-based billionaire Oei Hong Leong and his company, Canadian Metropolitan Properties, backed out of a deal to jointly develop the former Expo 86 Plaza of Nations site. Oei and Concord boss Terry Hui had signed an initial agreement to turn the roughly five-hectare parcel on the northeast shore of Vancouver’s False Creek into a mixed-use community with 30-storey apartment buildings, an ice rink, a community center and a artistic space. When talks broke down seven years ago, Hui and Concord launched a civil lawsuit, arguing that the preliminary agreement with Oei was a binding contract. The BC Supreme Court sided with Oei in 2019, and the BC Court of Appeal issued its majority decision in January, with both courts holding that the contract lacked enough “material terms” to make it enforceable. The Supreme Court of Canada’s decision means the lower court’s rulings will stand and, as is customary, the high court is not giving reasons for refusing to hear Concord’s appeal. Oei and Canadian Metropolitan Properties have moved forward with development plans for the Plaza of Nations, now called Expo Gardens, and the company confirmed that the project has nearly completed the City of Vancouver’s permitting process. Oei Hong Leong bought the Plaza of Nations site in 1990 for $40 million. He now has an estimated worth of $800 million. (Yvette Brend/CBC News) Oei said he hopes to start construction on the property he bought in 1990 for $40 million but now has an appraised value of $800 million. “Now I can build something iconic for Vancouver and give something back to this city I love,” Oei said in a statement released after the BC Court of Appeal decision. Concord, which still owns the land east of the Plaza of Nations at the northeast end of False Creek, is in the process of seeking permits to develop that site. The BC Court of Appeal decision was “disappointing,” the company said when the decision was released in January, but added in a news release that, regardless of the outcome of the Supreme Court of Canada appeal, it hoped the Plaza of Nations development would website “will be moving forward soon in the interest of the wider community.”

title: “Supreme Court Won T Hear Dispute Over 1 Billion Vancouver Waterfront Development Ending 7 Year Legal Battle Klmat” ShowToc: true date: “2022-11-05” author: “Helen Wood”

The feud began in 2015 when Concord alleged that Singapore-based billionaire Oei Hong Leong and his company, Canadian Metropolitan Properties, backed out of a deal to jointly develop the former Expo 86 Plaza of Nations site. Oei and Concord boss Terry Hui had signed an initial agreement to turn the roughly five-hectare parcel on the northeast shore of Vancouver’s False Creek into a mixed-use community with 30-storey apartment buildings, an ice rink, a community center and a artistic space. When talks broke down seven years ago, Hui and Concord launched a civil lawsuit, arguing that the preliminary agreement with Oei was a binding contract. The BC Supreme Court sided with Oei in 2019, and the BC Court of Appeal issued its majority decision in January, with both courts holding that the contract lacked enough “material terms” to make it enforceable. The Supreme Court of Canada’s decision means the lower court’s rulings will stand and, as is customary, the high court is not giving reasons for refusing to hear Concord’s appeal. Oei and Canadian Metropolitan Properties have moved forward with development plans for the Plaza of Nations, now called Expo Gardens, and the company confirmed that the project has nearly completed the City of Vancouver’s permitting process. Oei Hong Leong bought the Plaza of Nations site in 1990 for $40 million. He now has an estimated worth of $800 million. (Yvette Brend/CBC News) Oei said he hopes to start construction on the property he bought in 1990 for $40 million but now has an appraised value of $800 million. “Now I can build something iconic for Vancouver and give something back to this city I love,” Oei said in a statement released after the BC Court of Appeal decision. Concord, which still owns the land east of the Plaza of Nations at the northeast end of False Creek, is in the process of seeking permits to develop that site. The BC Court of Appeal decision was “disappointing,” the company said when the decision was released in January, but added in a news release that, regardless of the outcome of the Supreme Court of Canada appeal, it hoped the Plaza of Nations development would website “will be moving forward soon in the interest of the wider community.”

title: “Supreme Court Won T Hear Dispute Over 1 Billion Vancouver Waterfront Development Ending 7 Year Legal Battle Klmat” ShowToc: true date: “2022-12-17” author: “Johnny Tolbert”

The feud began in 2015 when Concord alleged that Singapore-based billionaire Oei Hong Leong and his company, Canadian Metropolitan Properties, backed out of a deal to jointly develop the former Expo 86 Plaza of Nations site. Oei and Concord boss Terry Hui had signed an initial agreement to turn the roughly five-hectare parcel on the northeast shore of Vancouver’s False Creek into a mixed-use community with 30-storey apartment buildings, an ice rink, a community center and a artistic space. When talks broke down seven years ago, Hui and Concord launched a civil lawsuit, arguing that the preliminary agreement with Oei was a binding contract. The BC Supreme Court sided with Oei in 2019, and the BC Court of Appeal issued its majority decision in January, with both courts holding that the contract lacked enough “material terms” to make it enforceable. The Supreme Court of Canada’s decision means the lower court’s rulings will stand and, as is customary, the high court is not giving reasons for refusing to hear Concord’s appeal. Oei and Canadian Metropolitan Properties have moved forward with development plans for the Plaza of Nations, now called Expo Gardens, and the company confirmed that the project has nearly completed the City of Vancouver’s permitting process. Oei Hong Leong bought the Plaza of Nations site in 1990 for $40 million. He now has an estimated worth of $800 million. (Yvette Brend/CBC News) Oei said he hopes to start construction on the property he bought in 1990 for $40 million but now has an appraised value of $800 million. “Now I can build something iconic for Vancouver and give something back to this city I love,” Oei said in a statement released after the BC Court of Appeal decision. Concord, which still owns the land east of the Plaza of Nations at the northeast end of False Creek, is in the process of seeking permits to develop that site. The BC Court of Appeal decision was “disappointing,” the company said when the decision was released in January, but added in a news release that, regardless of the outcome of the Supreme Court of Canada appeal, it hoped the Plaza of Nations development would website “will be moving forward soon in the interest of the wider community.”

title: “Supreme Court Won T Hear Dispute Over 1 Billion Vancouver Waterfront Development Ending 7 Year Legal Battle Klmat” ShowToc: true date: “2022-10-29” author: “Regina Westley”

The feud began in 2015 when Concord alleged that Singapore-based billionaire Oei Hong Leong and his company, Canadian Metropolitan Properties, backed out of a deal to jointly develop the former Expo 86 Plaza of Nations site. Oei and Concord boss Terry Hui had signed an initial agreement to turn the roughly five-hectare parcel on the northeast shore of Vancouver’s False Creek into a mixed-use community with 30-storey apartment buildings, an ice rink, a community center and a artistic space. When talks broke down seven years ago, Hui and Concord launched a civil lawsuit, arguing that the preliminary agreement with Oei was a binding contract. The BC Supreme Court sided with Oei in 2019, and the BC Court of Appeal issued its majority decision in January, with both courts holding that the contract lacked enough “material terms” to make it enforceable. The Supreme Court of Canada’s decision means the lower court’s rulings will stand and, as is customary, the high court is not giving reasons for refusing to hear Concord’s appeal. Oei and Canadian Metropolitan Properties have moved forward with development plans for the Plaza of Nations, now called Expo Gardens, and the company confirmed that the project has nearly completed the City of Vancouver’s permitting process. Oei Hong Leong bought the Plaza of Nations site in 1990 for $40 million. He now has an estimated worth of $800 million. (Yvette Brend/CBC News) Oei said he hopes to start construction on the property he bought in 1990 for $40 million but now has an appraised value of $800 million. “Now I can build something iconic for Vancouver and give something back to this city I love,” Oei said in a statement released after the BC Court of Appeal decision. Concord, which still owns the land east of the Plaza of Nations at the northeast end of False Creek, is in the process of seeking permits to develop that site. The BC Court of Appeal decision was “disappointing,” the company said when the decision was released in January, but added in a news release that, regardless of the outcome of the Supreme Court of Canada appeal, it hoped the Plaza of Nations development would website “will be moving forward soon in the interest of the wider community.”