Banking, Bankruptcy & Insolvency
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November 12, 2025
SCC denies requests by AGs & others to make in-person intervener arguments in historic case
The Supreme Court of Canada is denying recent requests from six intervener attorneys general — as well as counsel for The Advocates’ Society and dozens of other intervener groups — to allow them to make their arguments in person in the upcoming historic Bill 21 appeal, Law360 Canada has learned.
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November 11, 2025
Miller Thomson adds Zachary Masoud to financial services group
Zachary Masoud has joined Miller Thomson as a partner in the firm’s financial services group in Toronto.
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November 07, 2025
Court permits pleading amendments in RBC closet indexing class action, dropping fraud claims
The B.C. Supreme Court has allowed plaintiffs in a closet indexing class action against RBC to amend their pleadings to expressly disclaim fraud and refocus their case on the defendants’ alleged failure to disclose the fund’s closet indexing strategy and related risks.
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November 05, 2025
New federal immigration levels plan cuts targets for permanent & new temporary resident admissions
Ottawa’s three-year plan to reduce immigration to “sustainable” levels includes new “one-time” initiatives to “recognize eligible Protected Persons in Canada as permanent residents over the next two years” and to “accelerate the transition of up to 33,000 work permit holders to permanent residency in 2026 and 2027.”
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October 30, 2025
Alex Dobrota named head of insolvency and restructuring at Woods
Bogdan-Alexandru (Alex) Dobrota has been appointed head of the insolvency and restructuring team at Woods.
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October 28, 2025
CJ Crampton says Federal Court ‘won’t hesitate’ to impose costs on lawyers for undisclosed GenAI use
Counsel who “thumb their noses” at the Federal Court’s requirement to disclose any and all generative AI they used to create court filings will find that the national trial court “won’t hesitate” to ding them with personal costs or initiate contempt proceedings, warns Federal Court Chief Justice Paul Crampton.
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October 28, 2025
B.C. court rules Insurance Act and not PPSA governs priority dispute over unearned premiums
The B.C. Supreme Court has held that an insurance finance company’s security interest in unearned insurance premiums has priority over a lender’s general security interest registered under the B.C. Personal Property Security Act (PPSA).
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October 28, 2025
Quebec Superior Court launches AI pilot project
The Superior Court of Quebec has given the green light to a sandboxed pilot project that allows some 20 judges to use artificial intelligence to help them with documentary and legislative research, translations and draft judgments. But the initiative draws the line at decision-making or deliberative undertakings, a conservative approach that has earned plaudits from legal observers.
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October 22, 2025
FINTRAC fines crypto platform Cryptomus a record $177M for AML violations
Canada’s anti-money laundering (AML) watchdog has hit crypto payment processor Cryptomus with a record $177-million fine for failing to flag suspicious transactions allegedly linked to serious crimes such as terrorist activity and child sexual abuse material trafficking according to an Oct. 22 release.
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October 21, 2025
CRA call centres often fail to deliver accurate, timely help, says auditor general
The Canada Revenue Agency’s (CRA) call centres, which are supposed to help individuals and businesses with their tax queries, frequently dispense inaccurate and/or incomplete information and make Canadians wait unacceptably long times to get it, according to the latest review by the auditor general of Canada.