Supreme Court of Canada affirms jurisdiction of securities commissions over out-of-province parties
In Sharp v Autorité des marchés financiers, 2023 SCC 29, the Supreme Court of Canada provided further guidance about when provincial schemes to regulate securities can apply to individuals outside of that province. Because securities manipulation and fraud often transcend national or provincial borders, the Court reaffirmed that provincial securities regulators should be given latitude to take jurisdiction over issues that have a connection to their province. In this case, parties from British Columbia were subject to Quebec’s security regulation regime because they promoted and sold securities in Quebec. Several individuals based in British Columbia were alleged to be engaging ... [more] Full article
Court of Appeal confirms that insurers that sell insurance in Ontario should litigate coverage issues in Ontario
In its recent decision in Vale Canada Limited v. Royal and SunAlliance Insurance Company of Canada, Ontario’s top court confirmed what a layperson would think to be obvious: that an insurer ... [more] Full article
Ontario action dismissed for lack of jurisdiction despite expiry of limitation period in proper forum
An Ontario man who suffered catastrophic injuries after being hit by a car in Michigan has had his Ontario action dismissed for want of jurisdiction. The Ontario Superior Court dismissed ... [more] Full article
Supreme Court of Canada grants leave to appeal decision on enforcement of judgment against Caribbean islands
Today, Canada’s highest court granted leave to appeal from a decision of the Court of Appeal for Ontario refusing to register in Ontario a British Columbia judgment against the Caribbean ... [more] Full article