Richmond Hill Re-Dev Corporation, the owner of land in Richmond Hill intended for the development of two mid-rise condominiums, was placed in receivership on May 8, on application by Empirical Capital Corp. on behalf of a syndicate, owed approximately $6.7 million. The company has defaulted on its loan to Empirical Capital, and also has significant debt to Jason Waxman et al. of approximately $2.6 million. RSM was appointed Receiver. Chaitons is counsel for Empirical Capital and Friedmans is counsel for the company.

By: Dina Milivojevic