Banking, Bankruptcy & Insolvency
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October 18, 2023
Strategic co-ordinated litigation, clear public messaging can help combat antisemitism, lawyers say
Galvanized by growing bigotry, hate and violence directed at Jews here and abroad, the Centre for Israel and Jewish Affairs (CIJA) is ramping up its legal fight against antisemitism, including honing its public messaging and inviting lawyers to volunteer with a CIJA legal task force that works to conceptualize, co-ordinate and carry out strategic litigation in defence of Jewish people.
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October 18, 2023
Banking, investments ombud designated as sole external complaints body for financial institutions
The Ombudsman for Banking Services and Investments (OBSI) has been designated as the sole external complaints body for banking, according to a release by the Financial Consumer Agency of Canada (FCAC).
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October 17, 2023
Canada sanctions Moldovan ‘collaborators’ with Russia, ‘disinformation’ TV stations in Moldova
Canada has imposed sanctions against nine Moldovans described as “Russian collaborators” by Global Affairs Canada.
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October 13, 2023
Ontario Superior Court awards lender $120,920 over breach of loan agreement by borrower
The Ontario Superior Court has granted a summary judgment of $120,920 plus interest in favour of a lender, finding a borrower liable for breach of contract.
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October 13, 2023
OSFI: Rising interest rates, weakening commercial real estate markets increasing risk for lenders
Canada’s banking regulator has warned that higher interest rates and a weakening commercial real estate (CRE) market may lead to financial institutions facing increased borrower defaults and credit losses, in a semi-annual update to the sector’s risk outlook released Oct. 12.
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September 29, 2023
Law schools disclose common concerns, diverse takes on regulating GenAI use by students, faculty
Law schools have stepped up efforts in the 2023/2024 academic year to help the next generation of lawyers understand and capitalize on ChatGPT’s emergence, while also teaching law students to critically evaluate – and competently and ethically use – generative artificial intelligence (GenAI) in the classroom and in their future law career.
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September 28, 2023
French-language law faculties grappling with new breed of generative AI tools
Nearly a year after the emergence of a new breed of generative artificial intelligence (AI) tools were thrust into public consciousness, with the program ChatGPT leading the charge, French-language law faculties in Quebec, Ontario and New Brunswick are still grappling over their far-reaching potential impacts on teaching and learning in higher education.
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September 25, 2023
B.C. appellate court rejects appeal of $700K judgment, finds discrepancy was typo
The British Columbia Court of Appeal has dismissed an appeal regarding a nearly $700,000 judgment against a guarantor which involved discrepancies in his address.
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September 22, 2023
New president of Manitoba legal regulator eyes access to justice, technology, diversity
Keeping lawyers up to speed on using technology and continuing to improve access to justice in remote communities are high priorities for the Law Society of Manitoba’s new president.
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September 11, 2023
All lawyers must know technology used by courts: experts
Regardless of age, practice or jurisdiction, lawyers must stay up-to-speed on technologies now being used by courts post-pandemic, say experts following a strongly worded “cautionary tale” out of Alberta’s highest court.