Ontario Revives Holy Trinity Restaurant Inc.

Summary#

• This is a private bill for Ontario that brings back a dissolved company called Holy Trinity Restaurant Inc.

• The owner asked to revive the company so it can take part in a court case (legal proceedings).

• Key changes:

  • The company is restored as if it was never dissolved.
  • Its property, rights, and business privileges come back.
  • Its debts and other duties also come back.
  • This applies unless someone gained new rights after the company was dissolved; those new rights are protected.
  • The Act takes effect once it receives Royal Assent.

What it means for you#

• General public:

  • Little to no direct impact. This bill deals with one specific company.

• Company owner (and future owners):

  • The company can act in court, sign contracts, and hold property again.
  • Past debts and duties return, so the company must handle them.

• Creditors and business partners:

  • You can make or continue claims against the company now that it exists again.
  • Any rights you gained after the company was dissolved remain protected.

• Employees and customers:

  • If you have a dispute, refund claim, or other issue tied to the company, it can now be handled through the company rather than only through the individual owner.

• Courts and lawyers:

  • The company can be a party in lawsuits, which may help resolve ongoing or new cases connected to it.

Expenses#

No publicly available information.

Proponents' View#

• Restoring the company lets it fairly take part in a lawsuit and defend or pursue claims.
• Creditors and others get a clear path to resolve debts or disputes with the company.
• This is a standard, narrow fix that corrects a past dissolution without changing broader law.
• Protecting rights gained after dissolution keeps things fair for third parties.

Opponents' View#

• Using the Legislature’s time for a single company may not be the best use of public resources.
• Reviving the company brings back old debts and risks, which could create new disputes.
• Some may worry about revivals done mainly to influence lawsuits rather than to run a business.
• The case-by-case approach can seem uneven compared to general administrative revival processes.