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Canada: Ontario Court Of Appeal Upholds Decision Awarding $12 million In Damages Against Departing Fiduciaries - Stikeman Elliott LLP

The Ontario Court of Appeal recently upheld a trial decision which held four key employees who resigned in rapid succession and started a competing business responsible to account for ten years’ profits and damages arising from the combined effects of a breach of fiduciary duties, breach of confidence, and a failure to provide reasonable notice of resignation.

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Found more than 1 month ago on channel Mondaq

Canada: Federal Budget Offers Some Indirect Taxation And Customs Relief For Businesses - Stikeman Elliott LLP

The 2013 federal budget, tabled on March 21, 2013, includes various measures relating to indirect taxation and customs that may provide relief to businesses.        

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Found 1 month ago on channel Mondaq

Canada: "Off-The-Clock" Overtime Class Actions Turned On As Supreme Court Of Canada Denies Leave To Appeal - Stikeman Elliott LLP

The Supreme Court of Canada has recently dismissed the applications for leave to appeal two decisions of the Court of Appeal for Ontario with costs: Fulawka v. Bank of Nova Scotia and Fresco v. Canadian Imperial Bank of Commerce.        

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Found 1 month ago on channel Mondaq

Canada: Federal Court Of Appeal Confirms Availability Of Contractual Waiver Of Class Actions In Favour Of Arbitration Absent Contrary Statutory Language - Stikeman Elliott LLP

On February 14, 2013, the Federal Court of Appeal in Murphy v. Amway Canada Corp. affirmed the decision of the court below, staying a proposed class proceeding in light of a contractual arbitration clause and class action waiver.        

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Canada: Overtime Class Actions Denied Leave To Appeal - Stikeman Elliott LLP

As previously discussed here and here, in 2012 the Ontario Court of Appeal certified two class actions concerning overtime against Canadian banks: Cindy Fulawka v. Bank of Nova Scotia and Dara Fresco v. Canadian Imperial Bank of Commerce.        

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