In the case of Royal Bank of Canada v. Boussoulas, the Ontario Superior Court declined RBC’s request to appoint an interim receiver and grant a Mareva injunction against the defendants, who, it was alleged, were continuing their business through a succession of companies in order to avoid repaying RBC loans.

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Late last spring, a unanimous Supreme Court of Canada affirmed that the provinces’ Superior Courts have the jurisdiction to issue injunctions with purely extraterritorial effects.

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Competition is fierce among investment firms for top producing brokers and, more importantly, their books of business. Often this competition rears its head in the form of litigation against departing brokers and the new firms that employ them.

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