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Business Internet Quebec

Quebec financial watchdog raids offices of man prohibited from promoting PlexCoin

The Quebec financial watchdog raided last week the offices of Dominic Lacroix, a Quebec City man who has been prohibited by a tribunal to promote and solicit investors for a new virtual currency called PlexCoin.

The raid turned up a list of people from around the world, including Quebec, the U.S., and Africa, who expressed an interest in investing in PlexCoin, said Sylvain Théberge, a spokesperson with the Autorité des marchés financiers (AMF), the regulatory and oversight body for Quebec’s financial sector.…

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Court of Quebec Legal business Quebec Quebec Superior Court

Quebec Superior Court judges launch suit against governments

In an extraordinary development at a time when the justice system in Quebec is grappling with the after-effects of the landmark Jordan ruling, Quebec Superior Court judges have launched a suit against the federal and provincial government over the exclusive jurisdiction of the Court of Quebec in some civil matters.

The suit against the Attorney General of Canada and Quebec is seeking a declaratory judgment to determine whether the Quebec government has violated the Constitution Act, 1867 by giving the provincial court exclusive jurisdiction to hear claims over $10,000.

The constitutional challenge, initiated by Quebec Superior Court’s chief justice, senior associate chief justice and associate chief justice, also questions whether the Court of Quebec has the jurisdiction to hear appeals from administrative tribunals.…

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Family law Quebec Rulings Weekend reads

Ex-wife of wealthy businessman author of her own misfortune

In the end she was done in by spite, and greed.

She is the ex-wife of a wealthy Quebec businessman who had sought to maintain an exceptionally privileged and luxurious lifestyle, and fought tooth and nail. She hired and fired more than half a dozen lawyers all the while waging a relentless, and ultimately, vain legal battle to find hidden assets ostensibly stashed away by her husband. She frittered away about $4 million in legal and expert expenses, only for the case to be heard ex parte. She did not show up at trial nor was she was she represented by a lawyer.…

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Business Internet Quebec

Quebec financial watchdog considering its options over PlexCoin

Quebec’s financial watchdog is considering handing over the case involving Dominic Lacroix and his companies, who has been prohibited by a tribunal to promote and solicit investors for a new virtual currency called PlexCoin, to police authorities.

The Autorité des marchés financiers, the regulatory and oversight body for Québec’s financial sector, is also considering launching penal proceedings against Lacroix and his companies, said Sylvain Théberge, AMF’s spokesperson. Such proceedings would take place before the Court of Quebec, a provincial court.

“We are talking about thousands of persons who have shown an interest in this system,” said Théberge, adding that a decision as to whether to call in police or refer the matter for penal proceedings will take place this week. “We are extremely concerned. It seems to us, until the contrary is proven, that investors may become involved in a high-risk investment.”…

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Business Internet Quebec Rulings

New virtual currency targeted by Quebec financial watchdog

The Quebec Financial Markets Administrative Tribunal issued a series of expansive ex parte orders prohibiting Dominic Lacroix and several of his companies from promoting and soliciting investors for a new virtual currency set to be launched.

The Tribunal, at the request of Quebec’s financial watchdog, issued a broad order barring Lacroix, DL Innov inc., Gestio inc., PlexCorps, and PlexCoin from engaging in activities for the purpose of directly or indirectly trading in any form of investment covered by the section 1 of the Quebec Securities Act, either in Quebec or from Quebec to outside of the province. Section 1 describes a wide range of forms of investment, including securities, instruments, deposits of money, shares in an investment club, and options or non-traded derivatives.

The Tribunal also ordered them to pull out advertisements or solicitations on the internet over any securities or investment vehicles, and to shut down the site plexcorps.com and plexcoin.com – or at the very least make them inaccessible to Quebec consumers.

The Tribunal also ordered Facebook Canada Ltd. to shut down the Facebook pages of PlexCorps and PlexCoin. Facebook declined to comment. "We can’t share details about cases," said a spokesperson.…

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Quebec Quebec Superior Court

Jordan timelines apply to civil matters

The timelines set by the landmark Jordan decision applies to civil cases as well.

The Supreme Court of Canada in R. v. Jordan 2016 SCC 27 criticized the country’s legal system for its “culture of complacency” and sets out new rules for an accused’s right to be tried within a reasonable time frame. It laid down a ceiling of 30 months for matters before Superior Court cases to be completed. Provincial court trials should be completed within 18 months of charges being laid, but can be extended to 30 months if there is a preliminary inquiry.

Up until recently it was widely considered that the Jordan framework applied to only criminal cases.

Not so, according to two separate rulings by Quebec Superior Court.…

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Employment & Labour Law Quebec Spotlight

Quebec government expected to impose labour agreement on its lawyers and notaries

The Quebec government is expected to impose a labour agreement on government lawyers and notaries that will give them the lowest salary hike of all Quebec public civil servants after months of negotiations with a mediator failed to find common ground.

Without a collective agreement since March 2015, Quebec ‘s 1,100 government lawyers and notaries held the longest Canadian strike by public civil servants, from October 2016 to March 1, 2017, before it was forced to back to work after the government passed an unusual back-to-work decree.…

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Criminal justice Quebec Quebec Court of Appeal Spotlight Supreme Court of Canada

Quebec appeal court to hear appeals in two Jordan cases

Nearly a year to the day when the Supreme Court of Canada issued its landmark Jordan ruling, the Quebec Court of Appeal announced that a five-judge panel will hear an appeal late this summer of a decision to stay a murder charge against a Sri Lankan refugee even though the accused has been deported back to his homeland.…

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Barreau du Quebec In the know Quebec

More than half of Quebec Bar members are women

The number of lawyers in Quebec has grown by 17 per cent over the past decade, with women leading the charge and now representing more than half of the Quebec Bar, according to a survey by the Quebec legal society.

There are 26,512 lawyers enrolled in the Quebec Bar, as of March 31, 2017, compared to 22,575 in 2008, according to a French-language report entitled “Sous la loupe de la diversité 2017” that was published by the Barreau du Québec.

It’s no wonder why young Quebec lawyers face bleak prospects. Even the new president of the Quebec Bar, Paul-Matthieu Grondin, remarked recently that it boiled down to a matter of supply and demand. A troubling report by the Young Bar of Montreal revealed last year that Quebec law students are having a harder time finding articling positions, getting paid less for them, and receiving fewer job offers after articling, and it urges the provincial law society to establish “reasonable” and variable quotas to curb the “uncontrolled” rising number of lawyers in the province.…

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Class actions Quebec Spotlight

Bell Canada facing yet another class action

Barely a week after Bell Canada’s wireless provider was compelled to pay $1.6 million to some 76,000 clients who paid excessive cancellation fees after the Supreme Court of Canada refused to hear its appeal, the telecommunication giant now faces another potentially costly legal battle after Quebec Superior Court authorized a class action over fee increases on internet, mobile, telephone, television services.

Joseph Frainetti, the class action’s representative plaintiff, alleges that Bell made unilateral changes to contracts without providing clear notifications beginning in April 2012. Frainetti maintains Bell infringed article 11.2 of the Quebec Consumer Protection Act by unilaterally increasing service charges and advising him of the changes in his monthly bill while his contract was in effect. Frainetti argues that under article 11.2 written notification of all fee increases during a contract must be provided at least 30 days before the changes go into effect.…

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