ASC Hearing Ruling: Balance of Convenience

In the ASC hearing one point of discussion was what was termed a "Balance of Convenience".  The Encyclopedia of Canadian Law defines this term so: Balance of Convenience meaning or description: a common law test; a court applying this test will balance the prejudice to one party of denying the relief asked for, against the prejudice to the... Continue Reading →

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ASC Hearing Ruling: Feb 28, 2019

When the CEF / DIL funds collapsed there was considerable speculation about what happened, why it happened, and if any laws were broken - what the left-hand authority of God's agents on earth would do about it. On Aug 31, 2018 the ASC held a hearing where staff laid out it's case against various named... Continue Reading →

CEF/DIL: Mislabelling Risk

For those who don't know the history behind the whole CEF/DIL debacle, I'm re-posting an article I wrote for SolaGratia back on Sept 14, 2015 and on this blog on Dec 6, 2017.  In this article I summarize how a stodgy, low-risk loan-to-limited-clientele business morphed into a high-risk "bet the farm on a roll of... Continue Reading →

CEF vs ASC: No News is Good News?

Jan 21, 2019 has come and (nearly) gone - and no official word from the ASC pertaining to the matter about the application to stay this proceeding until the representative action has concluded. However, the ASC's "Proceedings, Decisions, and Orders" page for this proceeding is still there, the May 2019 hearing dates are still in... Continue Reading →

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