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Summaries Sunday: Maritime Law Book

Summaries of selected recent cases are provided each week to Slaw by Maritime Law Book. Every Sunday we present a precis of the latest summaries, a fuller version of which can be found on MLB-Slaw Selected Case Summaries at cases.slaw.ca.

This week’s summaries concern:
Accountancy disciplinary proceedings / Corporate directors fiduciary duty:

Canadian Imperial Bank of Commerce et al. v. Deloitte & Touche et al. 2014 ONCA 89
Professional Occupations – Accountants – Disciplinary proceedings – Evidence inadmissible in civil proceedings 
The plaintiffs brought an action, alleging that the defendant, Deloitte & Touche (Deloitte) was negligent in preparing the 1995 and 1996 annual statements of Philip Services Corp. (Philip). In 1998, the Institute of Chartered Accountants of Ontario commenced an investigation into Deloitte’s audit of Philip for the years 1995 and 1996. In 2007, the Institute brought charges against Woodsford, the senior partner at Deloitte responsible for the 1995 . . .

Bram Enterprises Ltd. et al. v. A.I. Enterprises Ltd. et al. 2014 SCC 12
Company Law – Directors – Duties – Breach of fiduciary duty – What constitutes
A group of family members, through their companies, owned an apartment building. The companies entered a Syndication Agreement which contained a sale mechanism giving a majority of the investors the right to sell the building subject to a right of first refusal of any dissenting investor to purchase it at a professionally appraised value. The majority (the respondents Bram Enterprises Ltd. and Jamb Enterprises Ltd.) wanted to . . .

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