The province of B.C. claims buyers of massive debt-ridden real estate projects are trying to dodge millions in property transfer taxes.” With cash-strapped developers facing stiff economic headwinds, the province wants Canada’s top court to weigh in on the increased use of so-called “reverse vesting orders” in insolvency proceedings. …The end result is that the shell company stays in receivership, and the buyer ends up with beneficial control of the debtor company and its property — without having to register a transfer of title with B.C.’s land title office. …But beyond real estate deals, the province also claims reverse vesting orders could be used in insolvency proceedings involving mines or forestry companies to avoid the need for new buyers to go through their own licensing and consultation assessments. …The court materials include the example of a B.C. sawmill, a bio-energy plant and three forestry licences.