Supreme Court of Canada agrees to hear appeal of decision allowing creditors to recover from the directing mind of a bankrupt corporation
In Ernst & Young Inc. v Aquino (2022 ONCA 202), the Ontario Court of Appeal upheld a lower court’s ruling that the controlling mind of a bankrupt corporation can be held liable to the corporation’s creditors for money taken from the corporation by fraud before the corporation became insolvent. The Supreme Court has recently granted leave to appeal ([2022] SCCA No 131), meaning that further clarification will be coming about the extent to which creditors can seek recovery from the controlling minds of a corporation once that corporation is subject to proceedings under the Bankruptcy and Insolvency Act (“BIA”). The ... [more]
Rogers and Shaw merger cleared by Competition Tribunal
Court of Appeal Confirms No Duty to Disclose Beneficiary Changes
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