Nearly every general counsel too will sooner or later face the need to conduct an internal investigation into events at an organization, a dark art that presents unique challenges.
Litigation funding is taking off. But for Canadian lawyers and law firms looking at litigation funding as an option to mitigate risk and manage cash flows and costs, it is still early days.
“This case is a sad reminder that friendship and business do not always mix.” So begins a lengthy ruling by Quebec Superior Court Justice Geneviéve Marcotte recounting the sombre saga of a successful Montreal businessman, a former corporate lawyer and his wife.
It is a story about a friendship that turned so sour that Justice Marcotte ordered Earl Takefman, formerly chief executive officer of a number of public companies, to pay Montreal lawyer Elliot Bier and his wife $20,000 each in moral damages, $25,000 each in punitive damages and nearly $42,000 in extra-judicial fees incurred by the couple in the proceedings, together with legal interest.