Québec Superior Court reaffirms the federal government’s exclusive jurisdiction over telecommunications

In Vidéotron c. Ville de Gatineau, 2017 QCCS 3571, the Québec Superior Court invalidated bylaws adopted by the cities of Gatineau and Terrebonne....

OSC panel approves $12.5 million settlement with Home Capital Group Inc.

On August 9, 2017 a panel of the Ontario Securities Commission approved a settlement agreement with Home Capital Group Inc. and three of its former...

Court of Appeal provides guidance on aggregate damages for loss of chance

Can damages be awarded on a class-wide basis for a lost opportunity to negotiate a better deal? If so, how will courts quantify the aggregate damages...

Ontario Court says auditor is liable to “its client’s clients” for investment losses

In the recent decision of Lavender v. Miller Bernstein, Justice Belobaba writing for the Ontario Superior Court found an auditor liable for the...

Québec regulator takes aggressive enforcement steps against initial coin offering promoters

In recent weeks, Québec’s financial sector regulator, the Autorité des marchés financiers (AMF), has taken aggressive enforcement steps...

Supreme Court of Canada confirms the validity of perpetual contracts

In a ruling dated July 28, 2017, a majority of the Supreme Court of Canada affirmed the validity of perpetual contracts in Québec law.

Recent amendments to the Ontario rules of appellate practice

Amendments to the Ontario Rules of Civil Procedure came into effect on July 1, 2017. In addition to a number of technical amendments and amendments...

Common issues not remotely common? Two appeals courts disagree

Hodge v. Neinstein is an interesting case that we have written about a number of times over the past few years. The action involves a representative...

OFAC announces two major sanctions fines in July

This past July, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) announced two major fines for sanctions...

FINRA announces new initiatives to address “bad actor” brokers

In May, the U.S. Financial Industry Regulatory Authority (“FINRA”) Board of Governors approved a set of proposals as part of...