Banking, Bankruptcy & Insolvency
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July 19, 2023
Legal experts question trailblazing AI disclosure directives from Canadian courts
Legal experts in professional ethics and computer science are questioning the recent trailblazing moves of two Canadian trial courts that issued novel practice directions requiring lawyers and litigants to disclose to the bench any use of “artificial intelligence” (AI) in their legal research and court submissions.
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July 18, 2023
Ontario investing $166M in digital justice platform
Ontario is investing $166 million in an initiative to deliver more legal services online, which would replace paper-based procedures with a digital platform to support access to the Superior Court of Justice and the Ontario Court of Justice.
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July 17, 2023
Court finds genuine issue for trial for alleged unpaid remediation fees of $730K
The British Columbia Supreme Court has found genuine issue for trial in a case where remediation was sought for a cleanup of contaminated soil due to a pipeline spill caused by a forest fire. The plaintiff alleged there were unpaid fees of nearly $730,000.
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July 13, 2023
Chief justice says disclosure directive aims at generative AI-aided legal research, submissions
As Canada’s courts and tribunals consider what oversight they might give to the growing use of artificial intelligence (AI) in legal proceedings, the country’s smallest superior trial court has forged ahead with a broad practice directive requiring lawyers and litigants to inform Yukon’s Supreme Court of any reliance on AI in their preparation of legal research or court submissions.
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July 07, 2023
SCC considers possible practice direction on use of AI in top court as more trial courts weigh in
The Supreme Court of Canada is among the courts mulling whether and what practice direction to issue to counsel and litigants about the use of artificial intelligence (AI) tools in the preparation of Supreme Court materials, after two superior trial courts recently required disclosure to the bench of AI used in court submissions.
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July 06, 2023
Increasing number of small businesses in need of financing but face borrowing difficulties: report
The Canadian Federation of Independent Businesses (CFIB) has released its second report in its Financing Main Street Research Series discussing small and medium enterprise (SME) financing indicators. The report found that the amount of small businesses seeking financing has surged in the last decade and that the cost of borrowing has increased in the last three years.
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July 04, 2023
B.C. Securities Commission seeks public help investigating mortgage issuers
The British Columbia Securities Commission (BCSC) is asking the public for information about Shop Your Own Mortgage/My Mortgage Auction Corp. (SYOM/MMAC) as the commission’s criminal investigations branch looks into matters regarding the corporation.
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June 29, 2023
Red flags raised over proposed changes to Quebec judicial appointment process
Quebec leading legal actors have raised red flags over draft regulations that will “dramatically” change the provincial judicial appointment process as it will potentially make it more vulnerable to politicization; increase the justice minister's discretionary power in the selection process; ostensibly undercut the institutional judicial independence of the courts; and will apparently render the procedure more cumbersome and time-consuming, all of which risks undermining public confidence in the courts.
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June 20, 2023
Prime Minister Trudeau opens applications for SCC vacancy to western and northern jurists
Prime Minister Justin Trudeau kicked off the Supreme Court of Canada application process that will culminate in the appointment of a Western or Northern Canadian successor to Justice Russell Brown, who quit the top bench June 12.
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June 19, 2023
Canada sanctions Iran’s judges for human rights violations; admissibility and dealings prohibited
Condemning “gross and systematic human rights violations” in Iran’s criminal justice system, Ottawa has barred seven judges of that country’s Revolutionary Courts from entering Canada, while also imposing on them asset freezes and other dealings bans.