Law in Quebec

News about Quebec legal developments


Quebec Court of Appeal harmonizes securities law with other provinces

The Quebec Court of Appeal eliminated a tactical advantage that could have emerged by launching national class actions in secondary market misrepresentation cases in the province after it held that Quebec securities rules were designed to be harmonized with provincial securities legislation across the country as a matter of substantive law.

In a closely watched decision by class action and securities experts, the Quebec appellate court overturned a lower court ruling and found that parties seeking leave to launch an action for secondary market misrepresentations under the Québec Securities Act (Act) are not entitled to compel a public issuer defendant to disclose documents and information for the purpose of the leave proceedings.

Read More

This story was originally published in The Lawyer’s Daily.



Leave a Reply

Your email address will not be published. Required fields are marked *

Law in Quebec
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognizing you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.