What is the purpose of a stay?

Alberta, Canada

The following excerpt is from Moore v. Bedi, 2006 ABCA 30 (CanLII):

The overall purpose of a stay was set out by Mr. Justice Cote in Katz v. Katz (1994), 141 A.R. 287 and 46 W.A.C., at para. 4, where he stated: [I]n general a stay exists in order to prevent a situation where the appellant wins the appeal, but gets a hollow victory because in the meantime the subject matter of the lawsuit has disappeared or in some other way the appeal has been rendered nugatory.

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