Information About Canadian Fraud Law
Recent Posts
Below is a preview of the five most recent posts from the blog Canadian Fraud Law. To read these posts in their entirely or subscribe to future updates from this blog, please visit their website!
- 2024 Notable Cases (Part 4) – $259M Disgorgement Ordered for Breach of Fiduciary Duty
On November 29, 2024, the Court of King’s Bench of Manitoba in WSIB Investments (Infrastructure) Pooled Fund Trust v. Plenary Group (Canada) Ltd., awarded over $259 million to the plaintiffs (an employee pension fund and injured workers fund). The defendant, a public infrastructure developer, was fo … Read more »
- 2024 Notable Cases (Part 3) – Civil Fraud and Personal Liability Established by Finding that a Corporate Officer’s Conduct was Reckless
In the summer of 2024, Baker McKenzie obtained a trial judgment in fraud in CHU De Québec-Université Laval v. Tree of Knowledge International Corp. This decision provides clarity on the application of the “recklessness” standard in civil fraud claims. It also explains when a court will affix persona … Read more »
- 2024 Notable Cases (Part 2) – Bankruptcy of the Crypto-King and Related Rulings
The bankruptcy of Aiden Pleterski, the self-proclaimed ‘Crypto King’ began on August 9, 2022, with a court application brought by Baker McKenzie on behalf of a group of investors. This case garnered significant media attention due to the conduct of the Crypto King before and after his bankruptcy, as … Read more »
- 2024 Notable Cases (Part 1) – Supreme Court clarifies Corporate Attribution Doctrine
As we enter 2025, we look back on five important decisions that made the news in 2024. Here is the the first case. On October 11, 2024, the Supreme Court of Canada released two decisions, Aquino v Bondfield Construction Co. (Aquino) and Scott v Golden Oaks Enterprises Inc (Golden Oaks), concerning t … Read more »
- British Columbia’s Court of Appeal overturns ruling on invalidity of inter-company transfers from financially distressed Bitcoin mining companies
Can a lender challenge debtors’ transactions with a parent company as fraudulent conveyances when the debtors had disclosed the transactions before the loan was advanced? In NYDIG ABL LLC v IE CA 3 Holdings Ltd, the Supreme Court of British Columbia said yes. On appeal, the British Columbia Court of … Read more »