In a recent decision the Ontario Securities Commission considered four critical issues in the context of an insider trading case, including the standard of proof to be applied in an insider trading case before the commission and the extent to which hearsay evidence will be relied upon by the commission in reaching a decision on the merits of a case.
In Beals v Saldanha Canada's highest court confirmed that judgments of foreign courts may be enforced in Canada where the foreign court had a "real and substantial connection" to the lawsuit, subject to very limited defences. As a consequence, it may now be easier to sue Canadian residents in foreign jurisdictions and then enforce judgments against them in Canada.
Product Regulation & Liability
Product liability is a specialized area of tort law that is evolving in response to new developments in business and consumer transactions and the recent introduction of class actions throughout Canada. This update discusses some of the highlights of recent Canadian product liability law with a particular focus on Ontario.