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Inside Internal Controls

News and discussion on implementing risk management

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corporate attribution

M&A disputes: When will a corporation be liable for an officer’s or director’s fraud? Supreme Court provides new guidance

Should a corporation be liable for fraud committed by its director or officer where it may also have benefitted? The Supreme Court of Canada grappled with this question recently in the context of a dispute arising from a fraudulent investment scheme to acquire commercial real estate.

 

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Fraud and knowing assistance: The Supreme Court of Canada weighs in

Fraud continues to be an issue faced by businesses and individuals in Canada and internationally. In asset recovery, the equitable doctrine of knowing assistance is often used to catch those who were not involved in the fraud but had actual knowledge of it.

 

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