Banking, Bankruptcy & Insolvency
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July 25, 2025
Defendants’ production of records saves $108M claim from dismissal for long delay
The Alberta Court of King’s Bench has ruled that the production of documents previously listed in an affidavit of records can significantly advance litigation, overturning the dismissal of a $108-million claim for long delay.
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July 24, 2025
Securities regulator takes steps to ease access to Bank of Canada fund for some investment funds
In a bid to promote market stability, the Canadian Securities Administrators (CSA) has announced coordinated blanket orders to help make the Bank of Canada’s Contingent Term Repo Facility (CTRF) fund more accessible to eligible investment funds.
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July 23, 2025
G20 finance ministers discuss international tax reforms and debt relief framework in South Africa
Finance ministers and central bank governors from the world’s 20 largest economies (G20) have concluded their third meeting of the year in Durban, South Africa, by endorsing several initiatives with potential legal and regulatory implications for international finance and taxation.
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July 22, 2025
Ottawa mulls $150K deposit insurance limit, new $500K limits for non-retail accounts
The Department of Finance Canada is considering proposals to raise the federal deposit insurance coverage limit to $150,000 per account category and to introduce a new $500,000 limit for non-retail accounts in a bid to enhance depositor protection, according to a release issued July 22.
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July 21, 2025
B.C. Court of Appeal upholds executor removal despite procedural challenge
The British Columbia Court of Appeal has largely upheld a lower court’s decision to remove an executor from his mother’s estate, rejecting his claim that property transfers to himself and his brother were legitimate distributions rather than improper self-dealing.
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July 21, 2025
Justice minister sees no Charter risks in Bill C-5, but CBA sees other possible constitutional flaws
Federal Justice Minister Sean Fraser said he doesn’t see “any potential effects on Charter rights and freedoms” from the Liberal government’s contentious new One Canadian Economy Act (C-5), which aims to fast-track approvals for energy and resource development and national infrastructure projects.
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July 18, 2025
Alberta Securities Commission alleges crypto asset trading platform improperly withdrew over $14M
The Alberta Securities Commission (ASC) has issued a hearing notice against crypto asset trading platform CatalX CTS Ltd. (known as Catalyx), its chief executive officer Hyuek Jae Park and chief financial officer Jae Ho Lee.
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July 18, 2025
Court appoints receiver in case relating to blueberry farm companies’ debt
The British Columbia Supreme Court has allowed the appointment of a receiver in a case that involved two blueberry farm owners and a trucking company that were unable to repay a debt worth more than $19 million.
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July 17, 2025
Wide-open-door policy ‘is not how we roll,’ Federal Court of Appeal judge tells would-be interveners
The Federal Court of Appeal’s senior puisne judge says those applying to intervene at the national intermediate appellate court should ask themselves whether their presence “will advance our work.”
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July 16, 2025
Ontario Court of Appeal upholds municipal authority in Stratford encroachment dispute
In a decision that could provide guidance for property owners, municipalities and municipal law practitioners, the Ontario Court of Appeal has dismissed an appeal by a Stratford, Ont., property owner who sought to avoid entering into a city encroachment agreement for structures built on a municipal road allowance, ruling that the city never expressly approved the encroachments despite having issued building permits and occupancy certificates.