Apparently BC Court of Appeals overturned the BC Supreme Court ruling that favoured Romspen a couple weeks ago:
Court overturns ruling in Richmond's Atmosphere condo case
Lawsuits over stalled Atmosphere condo development to continue in court.
Maria Rantanen
Sep 26, 2025
The fate of a stalled development on No. 3 Road in Richmond’s city centre continues to wind its way through the courts with more than 800 residential units on hold.
Just last week, a three-judge panel at the B.C. Court of Appeal largely overturned a previous Supreme Court decision that had concluded the financier of the project hadn’t breached a loan contract when it cut off funding for the Atmosphere development in March 2020.
Three lawsuits – one from the developers Alderbridge Way LP and Alderbridge Way G.P., one from a Global Education City (GEC), who had pre-bought two towers, and a third one from the financier Romspen Investment Corporation – were dealt with in one trial in B.C. Supreme Court....
... The Appeal Court justices ruled Romspen was in breach of the loan agreement when it refused to give more funding after March 2020 due to its inability to syndicate the loan.
However, the Appeal Court justices wrote that their decision wasn't a "straightforward path to the recovery of damages by the appellants."..
https://www.richmond-news.com/local-...-case-11266453
This whole thing is an unbelievable mess!
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