Legal Blog:
Investment Lost
When a party to an agreement loses his investment to another, the losing party is usually a touch upset and often looks to the legal process for compensation. Of course, there are many reasons for losing an investment and not all of them are compensable. In Jedfro Investments (U.S.A.) Ltd. v. Jacyk [2007] S.C.J. No. 55, the party who lost his investment took the matter right up to the Supreme Court of Canada and, in the process, allowed the Supreme Court to further refine the law dealing with termination of an agreement and unjust enrichment.
Continue Reading >Non-Disclosure Revisited
In our December 2006 newsletter, we discussed section 178 of the Bankruptcy Act and the facts that must be found to determine whether there is fraud that would preclude a bankrupt’s debts being expunged in a bankruptcy. This concept is worth another look to determine what happens in the following situation:
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