Banking, Bankruptcy & Insolvency
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March 30, 2023
Conduct complaint against SCC Justice Brown referred to judicial council's review panel
The Canadian Judicial Council (CJC) is referring a conduct complaint against Supreme Court of Canada Justice Russell Brown last January — of a nature the council continues to refuse to disclose — to a five-person CJC “review panel.” The review panel will determine whether the conduct alleged in the complaint — which the judge has denied — is serious enough to potentially lead to the 57-year-old judge’s removal from the bench and therefore should be referred to a public CJC Inquiry Committee to ascertain whether or not the judge engaged in misconduct and, if so, whether the misconduct was serious enough that the CJC should recommend the judge’s removal to the federal justice minister.
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March 30, 2023
Ontario court to rule on tobacco companies’ request for 10th stay of proceedings
The Ontario Superior Court of Justice will render a decision on March 31 as to whether Canada’s three largest tobacco companies will get a tenth stay of proceedings under the Companies’ Creditors Arrangement Act in settling class-action litigation over the effects of their products.
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March 30, 2023
Ontario court quashes appeal challenging sale approval of debtor’s properties
The Ontario Court of Appeal has quashed an appeal by a debtor seeking to challenge the approval of the sale of its assets by a receiver, which the debtor contended would create a loss of value due to the marketing and sales methodology used by the receiver.
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March 29, 2023
Class action is launched against National Bank Investments for breach of investor trust
Kalloghlian Myers LLP has commenced a class action lawsuit against National Bank Investments Inc. and NatCan Trust Company (National Bank), alleging that the bank breached its trust obligation to investors through “wrongfully paying commissions from its mutual funds to benefit itself.”
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March 27, 2023
Most Canadians believe recession increases fraud risk: RBC survey
A majority of Canadians believe that a recession will increase fraud risk and that people are more likely to fall victim to a scam when they are struggling financially, according to a survey conducted by RBC Royal Bank.
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March 22, 2023
Ontario court orders release of $254,069 frozen in real estate fraud
The Superior Court of Ontario has ordered the release of $254,069 that was diverted as part of a fraud scheme in which scammers impersonated clients of a law firm in real estate transactions to obtain monies intended for clients’ accounts.
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March 20, 2023
Ontario court appoints receiver for First Swiss Mortgage
Ontario’s Superior Court of Justice has appointed KSV Restructuring Inc. (KSV) as a receiver for First Swiss Mortgage Corp.
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March 13, 2023
Justice Brown says ‘evidence’ he gave judicial council ‘corroborates’ his account of altercation
Supreme Court of Canada Justice Russell Brown says he has given the Canadian Judicial Council (CJC) undisclosed evidence corroborating that allegations about his conduct related to an altercation in which the judge was physically assaulted in Arizona last January are “demonstrably false.”
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March 08, 2023
Lawson Lundell welcomes new Calgary partner
Lawson Lundell welcomed Colin Luke to its Calgary office as a partner in the business law, corporate commercial, corporate finance and securities and mergers and acquisitions groups.
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March 07, 2023
SCC discloses Chief Justice Wagner put Justice Brown on leave of absence due to CJC complaint review
The disciplinary body for Canada’s 1,180 superior court judges has announced that it is investigating a Jan. 29 complaint made against Supreme Court of Canada Justice Russell Brown, who Law360 Canada first revealed had been on an unexplained leave of absence from the top court since Feb. 1.