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Law360 Canada – Business

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Covering corporate-commercial litigation and business law as it happens


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Friday, August 25, 2023 @ 4:13 PM

[ Legal Wire ] –
Canada Arizona Business Council founder joins University of Arizona Tech Park board

The chief executive officer and founder of the Canada Arizona Business Council (CABC), Glenn Williamson, has been appointed to the board of directors of the University of Arizona (UA) Tech Park, according a release by Tech Parks Arizona. … [read more]

Friday, August 25, 2023 @ 4:07 PM

[ Legal Wire ] –
B.C. portfolio manager to pay $300K for providing improper incentives to dealer reps

A defunct Vancouver portfolio manager firm along with its former compliance officer and director have settled with the British Columbia Securities Commission (BCSC) to pay $300,000 after an examination discovered that the firm “provided improper incentives to dealer representatives and lacked adequate systems of control and supervision.” … [read more]

Friday, August 25, 2023 @ 3:17 PM

[ Legal Wire ] –
Court partially rejects buyers’ offset claim in business sale dispute

The Ontario Superior Court has ruled that the buyer of a construction business owes the seller $164,823 as part of the purchase price, rejecting the claim that amounts owed to the buyers offset the total debt under a promissory note. … [read more]

Friday, August 25, 2023 @ 2:28 PM

[ Legal Wire ] –
B.C. court awards tenant over $100K in damages for landlord’s breach of lease agreement

The British Columbia Supreme Court has allowed a business’s summary judgment application awarding it over $106,000. The business which was a tenant was unable to close a sale due to the landlord breaching a lease obligation. … [read more]

Friday, August 25, 2023 @ 11:33 AM

Skimming: Enigma in money laundering techniques
Question

Money laundering, the process of making illicitly obtained funds appear legitimate, is a complex and evolving challenge for law enforcement agencies and financial institutions. Among the many techniques employed by criminals, skimming has emerged as a particularly elusive method. This article explores the concept of skimming in the context of money laundering, shedding light on its mechanisms, impact and the countermeasures in place to combat this illegal practice. … [read more]

Friday, August 25, 2023 @ 10:55 AM

Canada imposes dealings prohibitions, asset freezes on participants in Russia’s nuclear sector

Ottawa has imposed sanctions against four people and 29 entities that the federal government says “have direct ties to Russia’s military-industrial complex, as well as to its financial and nuclear sectors.” … [read more]

Friday, August 25, 2023 @ 9:58 AM

[ Legal Wire ] –
Law clinic’s bid to intervene in appeal of execution of Anton Piller order denied

The Federal Court of Appeal has dismissed a motion to permit a public interest law clinic to intervene in an appeal concerning the execution of an ex parte Anton Piller order issued by the Federal Court. … [read more]

Thursday, August 24, 2023 @ 5:34 PM

Ottawa ‘saves’ millions by making tardy judicial appointments; average delay 11 months in 2023
Chief Justice of British Columbia Robert Bauman

The Trudeau government has taken an average of 11 months to fill dozens of empty spots on the bench so far this year, discloses a Law360 Canada examination of 435 judicial vacancies, which reveals as well that Ottawa “saves” the federal treasury tens of millions of dollars annually, on average, by not making timely judicial appointments. … [read more]

Thursday, August 24, 2023 @ 3:45 PM

[ Legal Wire ] –
Nova Scotia floods caused an estimated over $170 million in insured damage

Significant flooding that occurred in parts of Nova Scotia on July 23 due to an atmospheric river event is estimated to have caused over $170 million in insured damage, the Insurance Bureau of Canada has said. The estimate comes from initial estimates from Catastrophe Indices and Quantification Inc. … [read more]

Thursday, August 24, 2023 @ 2:10 PM

New Brunswick: Shame on you and your policy 713, part six | Marvin Zuker

In the U.S., many states have introduced legislation that would regulate student pronoun usage in schools, according to a count by the National Conference of State Legislatures. Much of this legislation would prohibit school employees from using students’ preferred pronouns if they don’t align with their sex assigned at birth or their legal name, without first notifying or getting parental consent. … [read more]

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