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	<title>The Litigator - Affleck Greene McMurtry, LLP &#187; David N. Vaillancourt</title>
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	<link>http://www.thelitigator.ca</link>
	<description>Competition Law and Commercial Litigation Updates</description>
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		<title>Fraud victims may not enjoy priority standing in bankruptcy proceedings</title>
		<link>http://www.thelitigator.ca/2011/03/court-of-appeal-sets-out-principles-for-constructive-trust-remedy-in-bankruptcy-proceedings/</link>
		<comments>http://www.thelitigator.ca/2011/03/court-of-appeal-sets-out-principles-for-constructive-trust-remedy-in-bankruptcy-proceedings/#comments</comments>
		<pubDate>Thu, 17 Mar 2011 12:51:27 +0000</pubDate>
		<dc:creator>David N. Vaillancourt</dc:creator>
				<category><![CDATA[Commercial Litigation]]></category>
		<category><![CDATA[Debtor-Creditor and Banking Litigation]]></category>
		<category><![CDATA[Frauds, Misrepresentation, Deceit]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[court of appeal for ontario]]></category>
		<category><![CDATA[fraud]]></category>

		<guid isPermaLink="false">http://www.thelitigator.ca/?p=921</guid>
		<description><![CDATA[In a recent decision, The Court of Appeal for Ontario clarified the circumstances under which a constructive trust remedy will be granted in favour of victims of fraud once a fraudster enters bankruptcy proceedings.

In Credifinance Securities Limited v. DSLC Capital Corp,[1] DSLC made a $400,000 loan to Credifinance. Some time later, Credifinance defaulted on the repayment of the loan. DSLC came to suspect that the loan was obtained by way of fraudulent misrepresentations.]]></description>
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		<title>Appeal court refuses to reconsider shareholder class action certification</title>
		<link>http://www.thelitigator.ca/2011/03/divisional-court-denies-leave-to-appeal-in-imax-case/</link>
		<comments>http://www.thelitigator.ca/2011/03/divisional-court-denies-leave-to-appeal-in-imax-case/#comments</comments>
		<pubDate>Wed, 16 Mar 2011 19:44:18 +0000</pubDate>
		<dc:creator>David N. Vaillancourt</dc:creator>
				<category><![CDATA[Class Actions]]></category>
		<category><![CDATA[Commercial Litigation]]></category>
		<category><![CDATA[Securities Litigation]]></category>
		<category><![CDATA[Divisional Court]]></category>
		<category><![CDATA[IMAX]]></category>
		<category><![CDATA[Justice Corbett]]></category>
		<category><![CDATA[Silver v. IMAX]]></category>

		<guid isPermaLink="false">http://www.thelitigator.ca/?p=917</guid>
		<description><![CDATA[The Divisional Court has recently denied the Imax Corporation and certain of its directors leave to appeal a lower court decision that gave a green light to a class action lawsuit by certain of IMAX’s former shareholders.]]></description>
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		<title>Magna Plan of Arrangement approved by Ontario Courts</title>
		<link>http://www.thelitigator.ca/2010/10/magna-plan-of-arrangement-approved-by-ontario-courts/</link>
		<comments>http://www.thelitigator.ca/2010/10/magna-plan-of-arrangement-approved-by-ontario-courts/#comments</comments>
		<pubDate>Wed, 20 Oct 2010 18:51:00 +0000</pubDate>
		<dc:creator>David N. Vaillancourt</dc:creator>
				<category><![CDATA[Commercial Litigation]]></category>
		<category><![CDATA[Disputes within Companies and Partnerships]]></category>
		<category><![CDATA[disputes among shareholders]]></category>
		<category><![CDATA[Magna]]></category>
		<category><![CDATA[Magna International Inc.]]></category>
		<category><![CDATA[multiple voting shares]]></category>
		<category><![CDATA[Ontario Superior Court]]></category>
		<category><![CDATA[plan of arrangement]]></category>
		<category><![CDATA[share structure]]></category>
		<category><![CDATA[Stronach]]></category>

		<guid isPermaLink="false">http://www.thelitigator.ca/?p=826</guid>
		<description><![CDATA[A judge of the Ontario Superior Court of Justice&#8217;s Commercial List recently approved a plan of arrangement that eliminated the dual class share structure at Magna International Inc. (&#8220;Magna&#8221;) and in the process provided a large payout to its former controlling shareholder. Magna is in the business of developing and manufacturing automotive systems, components, and [...]]]></description>
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		<title>Court of Appeal reconsiders test for jurisdiction over foreign defendants</title>
		<link>http://www.thelitigator.ca/2010/04/court-of-appeal-reconsiders-test-for-jurisdiction-over-foreign-defendants/</link>
		<comments>http://www.thelitigator.ca/2010/04/court-of-appeal-reconsiders-test-for-jurisdiction-over-foreign-defendants/#comments</comments>
		<pubDate>Tue, 20 Apr 2010 01:38:25 +0000</pubDate>
		<dc:creator>David N. Vaillancourt</dc:creator>
				<category><![CDATA[Commercial Litigation]]></category>
		<category><![CDATA[Conflicts of Law and Enforcement of Foreign Judgments]]></category>
		<category><![CDATA[Alberta]]></category>
		<category><![CDATA[British Columbia]]></category>
		<category><![CDATA[conflicts]]></category>
		<category><![CDATA[court of appeal for ontario]]></category>
		<category><![CDATA[courts]]></category>
		<category><![CDATA[damages]]></category>
		<category><![CDATA[forum non conveniens]]></category>
		<category><![CDATA[injury]]></category>
		<category><![CDATA[international]]></category>
		<category><![CDATA[interprovincial]]></category>
		<category><![CDATA[jurisdiction]]></category>
		<category><![CDATA[Morguard]]></category>
		<category><![CDATA[Muscutt]]></category>
		<category><![CDATA[Ontario]]></category>
		<category><![CDATA[order and fairness]]></category>
		<category><![CDATA[real and substantial connection]]></category>
		<category><![CDATA[resorts]]></category>
		<category><![CDATA[United States]]></category>
		<category><![CDATA[Van Breda]]></category>
		<category><![CDATA[Volkswagen]]></category>
		<category><![CDATA[World-Wide]]></category>

		<guid isPermaLink="false">http://www.thelitigator.ca/?p=667</guid>
		<description><![CDATA[In a recent decision, a five judge panel of the Court of Appeal for Ontario revised the legal test to be applied when the Ontario courts are asked to assume jurisdiction over a foreign defendant.  The Court’s decision in Van Breda v. Village Resorts Ltd. clarifies the applicable legal principles and should provide greater guidance to Ontario courts on whether and when they can properly take jurisdiction over foreign defendants.]]></description>
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		<title>The IMAX Case: Superior Court certifies first-ever Ontario shareholder class action for misrepresentations on the secondary market</title>
		<link>http://www.thelitigator.ca/2010/02/the-imax-case-superior-court-certifies-first-ever-ontario-shareholder-class-action-for-misrepresentations-on-the-secondary-market/</link>
		<comments>http://www.thelitigator.ca/2010/02/the-imax-case-superior-court-certifies-first-ever-ontario-shareholder-class-action-for-misrepresentations-on-the-secondary-market/#comments</comments>
		<pubDate>Fri, 05 Feb 2010 16:29:36 +0000</pubDate>
		<dc:creator>David N. Vaillancourt</dc:creator>
				<category><![CDATA[Class Actions and Other Private Actions]]></category>
		<category><![CDATA[Commercial Litigation]]></category>
		<category><![CDATA[Securities Litigation]]></category>
		<category><![CDATA[139.3]]></category>
		<category><![CDATA[accountants]]></category>
		<category><![CDATA[accounting]]></category>
		<category><![CDATA[audit]]></category>
		<category><![CDATA[auditors]]></category>
		<category><![CDATA[class action]]></category>
		<category><![CDATA[directors]]></category>
		<category><![CDATA[disclosure]]></category>
		<category><![CDATA[films]]></category>
		<category><![CDATA[financial statements]]></category>
		<category><![CDATA[GAAP]]></category>
		<category><![CDATA[IMAX]]></category>
		<category><![CDATA[misrepresentation]]></category>
		<category><![CDATA[movies]]></category>
		<category><![CDATA[officers]]></category>
		<category><![CDATA[public]]></category>
		<category><![CDATA[reliance]]></category>
		<category><![CDATA[revenue]]></category>
		<category><![CDATA[secondary market]]></category>
		<category><![CDATA[securities]]></category>
		<category><![CDATA[securities act]]></category>
		<category><![CDATA[shareholders]]></category>
		<category><![CDATA[shares]]></category>
		<category><![CDATA[Silver]]></category>
		<category><![CDATA[stocks]]></category>
		<category><![CDATA[theatres]]></category>
		<category><![CDATA[van Rensburg]]></category>

		<guid isPermaLink="false">http://www.thelitigator.ca/?p=580</guid>
		<description><![CDATA[In a pair of decisions released the same day, Justice Katherine van Rensburg of the Ontario Superior Court of Justice became the first judge to consider the statutory remedy created under section 138.3 of the Ontario Securities Act (the “Act”) for shareholders of public companies who suffer damages from public company misrepresentations on the secondary securities market in documents such as annual financial statements and other public documents.]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Court of Appeal re-establishes IDA’s right to discipline former members</title>
		<link>http://www.thelitigator.ca/2009/09/court-of-appeal-re-establishes-ida%e2%80%99s-right-to-discipline-former-members/</link>
		<comments>http://www.thelitigator.ca/2009/09/court-of-appeal-re-establishes-ida%e2%80%99s-right-to-discipline-former-members/#comments</comments>
		<pubDate>Wed, 16 Sep 2009 20:43:12 +0000</pubDate>
		<dc:creator>David N. Vaillancourt</dc:creator>
				<category><![CDATA[Commercial Litigation]]></category>
		<category><![CDATA[Securities Litigation]]></category>
		<category><![CDATA[IDA]]></category>
		<category><![CDATA[ontario court of appeal]]></category>
		<category><![CDATA[securities act]]></category>
		<category><![CDATA[Stephen Taub]]></category>
		<category><![CDATA[Taub v. Investment Dealers Association of Canada]]></category>

		<guid isPermaLink="false">http://www.thelitigator.ca/?p=486</guid>
		<description><![CDATA[The Ontario Court of Appeal has restored an earlier Ontario Securities Commission ruling, which held that the Investment Dealers Association of Canada (now known as the Investment Industry Regulatory Organization of Canada, or IIROC) retains the authority to discipline a former member for up to five years after that member has left the organization.  The ruling also opens the door to IIROC and other SROs levying court-enforceable fines against former members.]]></description>
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