Can a tenant’s right of first refusal block a receiver’s sale?

Justin Dépatie and Alexis Pineault of Langlois discuss a Québec Superior Court decision confirming that a tenant's right of first refusal and option to purchase, even when registered in the Land Register, remain personal contractual rights that cannot prevent a court-appointed receiver from completing a sale under the Bankruptcy and Insolvency Act, while considering the implications for secured creditors, contractual rights holders and the distinction between Québec civil law and common law.