In the dispute between itself and Boralex, InnoVent has just received the adverse conclusions.
This poor argumentation does not answer several decisive arguments of InnoVent and multiplies the mistakes of law as of mathematics unworthy of an undergraduate student.
In several decisive passages of its conclusions, Boralex is unable to quote a single decision of the Court of Cassation in its favour.
Similarly, Boralex claims that a formula consisting of dividing an amount of euro by an amount of MW results in an amout of euro! At that rate, lawyers and all experts working at the hourly rate would be paid 200, 400 or 600 euros per file and not 200, 400 or 600 euros per hour… The sub-investigation of Boralex’s lawyers does not excuse such a mistake.
Other « mistake », Boralex calculates his so-called shortfall by claiming that the laws will never change until 2043 and by denying global warming. Again, crass incompetence does not excuse such mistakes.
Boralex also contradicts its own Canadian stock market documentation by denying in its own conclusions the existence of the risk factors mentioned in its annual report
Finexsi reports produced by Boralex at first instance and on appeal are statements of facts that are materially inaccurate in the criminal sense. Their use in court is an offence within the meaning of Article 441-7 of the Penal Code.
This is why InnoVent decided to act as compensation for the development delay caused by the abusive legal action and by the court fraud which led to the conviction at first instance in favour of Boralex.
In line with its commitment to transparency, InnoVent will continue to make public its legal actions and Boralex’s findings.