A wealthy businesswoman who owns $200 million in real estate is racking up legal proceedings, especially in the context of an offer to buy one of the most expensive homes in Quebec.
Canadian businesswoman Louise Blouin, who in the mid-2000s was one of the richest women in the country, is the target of at least six new legal actions in Quebec.
Within five years, he was sued by a bank, a real estate brokerage firm, a law firm, a painting company, a Montreal architect as well as buyers and sellers of luxury residences.
A rare home in the Hamptons near New York linked to Louise Blouin has also found itself at the center of a dispute with creditors (see other text below).
The cases suggest a princely lifestyle for the woman who made her fortune mainly from her shares in Trader Classified Media (the owner ofAuto Weekly), which it liquidated in 2005.
For more than 15 years, he has devoted much of his time to art and media, with the company BlouinArtinfo Corp, among others. He also rubbed shoulders with some prominent personalities of the jet set.
The real estate transaction of the year
In 2015, he looked at a luxury home in Montreal according to court documents.
With a real estate broker, he drives around Westmount in a convertible, open Mini Cooper and tries to achieve what is the highest residential transaction of the year in Quebec.
He wants to get his hands on a Victorian mansion with 10 bedrooms and 10 full bathrooms and enjoy a breathtaking view of the metropolis.
The house was previously not for sale, but MME Blouin convinced the owner to sell it to him for $15.5 million after offers and counter offers.
mME Blouin, however, did not go to the notary to complete the transaction. The shopkeeper who moved sued him.
In defense, Mr.ME Blouin maintains that he no longer has an obligation to buy because his broker leaked information to log for the sale of another property in Mont-Tremblant. A reason considered far-fetched by Superior Court Judge Sylvain Lussier (see other text).
“These are his arguments, his desires, his whims, his taste for grandeur, which precedes any consideration of his commitments”, criticized the judge.
He condemned the businesswoman to pay nearly $2 million, among other things to fill the gap between the price offered and the one the seller had to accept from another buyer.
In addition to paying the Westmount seller, Louise Blouin was forced in February to sell a Mont-Tremblant home worth $5.1 million to a couple she had accepted an offer to buy (see other text below).
HSBC Bank also sued him and obtained a judgment in his favor for unpaid debts, including a balance of more than $50,000 on a credit card. The statements show particular expenses of more than $18,000 in five days at businesses in Florence and Paris and a hotel in Switzerland.
WHO IS LOUISE BLOUIN?
- Native of Montreal
- His estate is worth $200 million.
- the New York Post In 2016 he was called the “Great Gatsby of the art world” because of his parties organized at La Dune, one of the most famous residences on Long Island, near New York.
- He is already in the entourage of Prince Andrew and Bill Clinton, reports the Globe and Mail in 2005.
- He is the brother of Hélène Desmarais, wife of Paul Desmarais Jr. (chairman of the board of directors of Power Corporation)
► Law firm Gowling LWG also filed a lawsuit last year over unpaid bills of $109,000. He contested the claim, saying he was not satisfied with the legal services rendered.
Litigation for a $140 million villa
Photo from Sotheby’s website
La Dune, a Hamptons estate embroiled in litigation and linked to Louise Blouin, is up for sale at Sotheby’s.
One of the most famous houses on the east coast of America, belonging to a company owned by Louise Blouin, found itself in the last days at the center of a showdown with its creditors for debts which is US $ 43 million.
On April 30, Louise Blouin signed the documents in the bankruptcy process for the company Brickchurch of which she is the administrator.
Brickchurch owns one of two houses in a luxury estate called The Dune in an area that attracts wealthy New Yorkers.
A few days ago, a lawyer asked for a delay to avoid a forced sale of the house to be inspected and to try to get refinancing.
The company led by Louise Blouin is the subject of a financial recovery procedure initiated by creditors, including a fund from the Cayman Islands, according to documents consulted by our Bureau of Investigation.
Prestigious sea front
The La Dune estate was sold in 2020 for US $ 140 million, according to Outeast. It is currently being sold at Sotheby’s for an undisclosed price.
Photo from Sotheby’s website
The bathroom at La Dune offers a view of the beach and the sea.
“Considered by many to be the most prestigious oceanfront in all of the Hamptons, this iconic Stanford White-attached estate offers two exceptional residences on over 4 acres, with over 400 feet of continuous coast,” describe Harald and Bruce Grant of the real Sotheby’s. land brokerage site.
The house in the La Dune complex owned by Brickchurch is worth US$63 million in court documents. The other house belongs to another Louise Blouin-related company, Aberdeen Enterprises, which is also in default.
– With the collaboration of Philippe Langlois
Missing the bedroom door?
Photo by QMI Agency
A Cape Cod-type residence in Tremblant had to be sold by Blouin to two buyers.
A luxury Mont-Tremblant home sold by Louise Blouin was left in poor condition when the new owners arrived, a lawsuit claims.
“The accused left with the door of the master bedroom, which shows his bad faith, as well as a lot of porcelain, lamps and other things of great value, which show the seriousness of the act”, maintains the a couple of buyers in an appeal filed. in February at the court of Saint-Jérôme.
They claimed $320,000, mainly for lost or damaged property.
“The missing items belonging to the plaintiffs and additionally paid for at a high price (including particular doors, wardrobes and built-in elements!) were scattered and taken by the defendant’s family members and the remaining shipped to Europe,” the suit reads.
Damage was also observed after possession.
“There is significant water damage in the kitchen, which was not there at the time of the promise of sale”, alleged the buyers, detailing the damage to the counters and floors.
The claim was disputed by Mr.ME Blouin called it exaggerated and baseless.
Treated like gays
However, this is not the first dispute between Blouin and the buyers. Earlier this year, the couple won their case to force him to sell his Tremblant home for $5.1 million. He accepted the offer to buy, but changed his mind.
“It treats plaintiffs like crooks when they are only exercising their rights,” said Judge Claude Auclair of the Superior Court. The judge also said that Mr.ME Blouin intimidated the brokers involved by threatening to strip them of their licenses because he was a powerful man.
Louise Blouin fears her tax situation
Photo by Pierre-Paul Poulin
A mansion that Louise Blouin wants to buy has been described in the media as “the Downton Abbey of Westmount”.
Businesswoman Louise Blouin is said to have aborted a transaction aimed at acquiring one of the most beautiful houses in Westmount because she was afraid of her tax status, she has lived in Switzerland for several years.
In 2016, he tried to buy the luxury residence for $15.5 million before changing his mind. The seller sued him and won nearly $2 million in damages.
During the legal proceedings, the veil was lifted by a confidential letter sent by Blouin to the notary in charge of the transaction, on the night of the date set to conclude the sale.
“Due to an indifference on the part of my broker, we have decided not to proceed with the acquisition [de la maison de Westmount], because it is very compromising for my tax situation. It is strictly confidential,” he wrote to the notary.
mME Blouin, though a Canadian citizen, is now a resident of Switzerland, he said in discovery last year.
Chronicle of log
According to what emerged from a judgment, the businesswoman was afraid of a column in Le Journal in 2016 that drew attention to her.
The article reports on his purchase of another home in Mont-Tremblant for $5.8 million. He immediately suspects his broker of leaking information when this information is available in public registers.
According to him, this column should lead to another article on Toronto Star of his presence in the Panama Papers.
“These things that are spread around the world remove the veil from me in Canada and therefore this purchase can be compromised,” he explained to the notary.
Another “serious reason” for not completing the transaction was mentioned in the note, but was not disclosed.
A few months later, his name appeared in the Toronto Star, who reported his presence in the Panama Papers.
This media leak revealed the identity of hundreds of people and companies that used the services of a Panamanian law firm to make investments in tax havens.