Online payment company seeks resumption of banking services
B-Filer Inc. v. The Bank of Nova Scotia[1] In October 2005, the Tribunal dismissed Scotiabank’s motion for summary disposition of B-Filer’s application for leave to commence a private application. The Tribunal disagreed with Scotiabank’s contention that an Alberta court’s refusal to grant an injunction made the application res judicata. B-Filer provides an internet payment service that allows bank customers to pay internet merchants using their bank accounts. B-Filer had accounts with each of Canada’s major banks, but preferred Scotiabank because its fees were lower. In May 2005, Scotiabank closed B-Filer’s accounts because it discovered about 20 cases of frauds on ... [more] Full article
Shell corporation cannot bring application, Tribunal rule
Symbol Technologies Canada ULC v. Barcode Systems Inc.[1] A corporation that is no longer a going concern cannot maintain a private application under s. 75, the Tribunal held in October ... [more] Full article