Canada’s top court to hear contract good faith case
Last week, the Supreme Court of Canada agreed to hear an appeal from the decision of the Court of Appeal for Ontario in the CM Callow Inc. v. Zollinger case relating to the relatively new and often contentious concept of good faith in the performance of contracts. It has been less than five years since the Supreme Court of Canada caused both celebration and concern in the legal and business communities with its decision in Bhasin v. Hrynew , which recognized the “organizing principle” of good faith in contractual performance. In particular, the SCC found that there is a duty ... [more]
Potential Plaintiffs Cannot Force IIROC to Give Up Information about Potential Defendants
In Harrington Global Opportunities Fund S.A.R.I. and Harrington Global Inc. (“Harrington”) v. Investment Industry Regulatory Organization of Canada (“IIROC”), Justice Perell largely foreclosed the possibility of wronged investors obtaining a Norwich Order in order to get information and documentation from IIROC prior to initiating an action. [more]
Big Changes Coming for “Financial Planners” and “Financial Advisors”
In its new budget, the Ontario government has created a framework that will hopefully give consumers more guidance about the credentials of financial professionals. [more]
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