Banking, Bankruptcy & Insolvency
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August 11, 2023
PM names ‘Independent Advisory Board for Supreme Court of Canada Judicial Appointments’
With the clock ticking to fill the Supreme Court of Canada’s western/northern vacancy prior to the court’s fall session, Prime Minister Justin Trudeau has appointed the eight-person “independent advisory board” he is tasking with devising a shortlist of three to five candidates from which he plans to appoint the successor to Justice Russell Brown of Alberta, who stepped down in June.
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August 10, 2023
Canada targets three Lebanese nationals with sanctions for ‘high level corruption’
In co-ordination with the United States and United Kingdom, Canada has imposed dealings and immigration bans on three Lebanese nationals, pursuant to the Justice for Victims of Corrupt Foreign Officials Act (Sergei Magnitsky Law).
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August 10, 2023
Sanctions target Belarusian regime on three-year anniversary of ‘fraudulent’ presidential election
Ottawa has imposed dealings prohibitions with respect to seven Belarusian entities and nine Belarusian government officials, judges and regime associates, as well as deemed the designated individuals inadmissible to Canada under the Immigration and Refugee Protection Act.
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August 08, 2023
Ontario court overturns precedent, clarifies limitation period in fraudulent conveyance actions
A five-judge panel of the Ontario Court of Appeal has held that a fraudulent conveyance action must be initiated within two years under the Limitations Act, overturning its prior ruling allowing a 10-year timeframe under the Real Property Limitations Act (RPLA).
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August 08, 2023
Canada sanctions Iranians for ‘activities that gravely threaten international peace and security’
Ottawa has imposed dealings and immigration bans on seven individuals for what it says is involvement in “activities that gravely threaten international peace and security or that constitute gross and systemic violations of human rights in Iran.”
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August 08, 2023
New lawyer joins Dunton Rainville
Dunton Rainville welcomed Marie-Philippe Beauvais, who focuses her practice on banking law as well as civil and commercial litigation.
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August 04, 2023
Letter from the Editor: Addition of Law360 Canada Pulse and Access to Justice Newsletter
I am happy to announce some exciting new enhancements to Law360 Canada, all at no additional cost to subscribers. Pulse is a new section for Law360 Canada, focused on the business of law. This section combines all the content from our previous Business of Law, Insider and Legal Innovation sections into one enhanced section. Pulse includes a frequent newsletter, delivered to your inbox multiple times per week, covering industry trends, best practices and exclusive surveys of Canadian legal professionals.
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August 01, 2023
Saskatchewan calls on Trudeau to name jurist from that province to SCC’s western vacancy
Saskatchewan’s government is calling on Prime Minister Justin Trudeau to appoint a qualified jurist from there to fill a western vacancy on the Supreme Court of Canada, telling Law360 Canada “clearly it is Saskatchewan’s turn” given that the prairie province has been unrepresented on the highest bench for 50 years.
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July 24, 2023
Eyes turn to Supreme Court of Canada’s western vacancy after close of applications
Before applications for the Supreme Court of Canada’s western and northern vacancy closed July 21, Law360 Canada spoke with lawyers, judges and academics about which qualified jurists might be appointed to the seat on the top court vacated last month by former justice Russell Brown.
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July 20, 2023
Court voids transfer of claims from bankrupt company citing undervaluation
The Court of King’s Bench of Alberta has voided the assignments of two legal claims from an insolvent company to a related company, finding that the transfers were undervalued and would deprive creditors of the proceeds of the claims.