BCCA strikes down non-disclosure provision of Securities Act
In a recent B.C. Court of Appeal decision,[1] a British Columbia lawyer has successfully challenged the constitutional validity of the non-disclosure and confidentiality provisions found in the investigative powers given the B.C. Securities Commission under the B.C. Securities Act, s.148(1),as a breach of his freedom of expression under section 2 of the Charter. Section 148(1), which is similar to section 16 of the Ontario Securities Act, prohibits disclosure by a person, except to the person’s counsel, of any information or evidence obtained or sought to be obtained or the name of any witness examined or sought to be examined in ... [more]
Aggregate Assessment of Damages Allows Certification of Conspiracy Class Actions, Courts Hold
In two recent decisions, the Ontario Superior Court and the British Columbia Court of Appeal relied on the aggregate damages provisions of the Class Proceedings Act in their respective provinces to certify class actions seeking damages for alleged conspiracies to fix prices for hydrogen peroxide and DRAM memory chips. In doing this, both courts side-stepped the requirement in the aggregate damages provisions that liability must be proved before damages can be assessed in the aggregate. A close examination of the decisions suggests, however, that the courts have in effect done away with this statutory requirement. [more]
Competition Law Review
Contributors: Michael Osborne, Sonny Ingram, Jennifer Dyck, and Christian Farahat. Review of all Canadian Competition Law developments over the last 12 months, plus some US and EU developments, including: Mergers, Criminal, Private Actions, Reviewable Matters, Marketing Practices, The Long Arm of US Antitrust, Across the Pond Top Stories
- Hard time for hard core cartels
- Class action requirements loosened
- Suncor - Petro-Canada merger gets green light
- Nadeau’s feathers ruffled by Tribunal
Contributors
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