SCC agrees to hear appeal on whether Securities Commission penalties can survive bankruptcy
On March 31, 2023, Canada’s top court granted leave to appeal from the B.C. Court of Appeal’s decision in Poonian v. British Columbia (Securities Commission) that a securities commission administrative penalty relating to fraud or obtaining money under false pretenses survives bankruptcy under s.178(1)(a) of the Bankruptcy and Insolvency Act. Once the Supreme Court of Canada weighs in on this issue, its decision will be a significant one for securities regulators across Canada – as it will either grant or deny them another arrow in their quiver to pursue respondents who try to escape paying fines by going bankrupt. In particular, ... [more]
Rogers and Shaw merger cleared by Competition Tribunal
Court of Appeal Confirms No Duty to Disclose Beneficiary Changes
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