Share on LinkedInShare on LinkedIn

ARTICLE · 19 MARCH 2013

Key Financial Services Decisions Of 2012

Dentons Canada LLP
Explore more from Dentons Canada LLP

The cases highlighted below provide a snapshot of some of the key judgements which shaped the legal landscape with respect to financial services issues in 2012.

CanadaFinance and Banking
Cynthia Hickey
Cynthia Hickey
Jenelle Ambrose
Jenelle Ambrose
Author LinkedIn connections

The cases highlighted below provide a snapshot of some of the key judgements which shaped the legal landscape with respect to financial services issues in 2012.

I. GUARANTEES: LIMITATION PERIODS AND ENFORCEMENT

Limitation Periods

In Equitable Trust Company v. Marsig1, Ernest Marsig ("Marsig") signed a guarantee that was embedded within a registered mortgage document. After exercising its power of sale when the mortgage went into default, the Equitable Trust Company sued Marsig for the deficient amount. Marsig argued that the action on his guarantee was statute barred. He submitted that his guarantee constituted a demand obligation and that all demand obligations are subject to the two year limitation period provided for under Ontario's Limitations Act, 20022 (the "Limitations Act").

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Speculation Or Security: Canada’s Evolving Regulatory Framework For Prediction Markets

Canadian securities regulators have established a limited framework for prediction markets, restricting which event contracts can be offered to investors and under what conditions. While certain economic and financial forecasts may be traded through authorized dealers, contracts based on political events, sports, or entertainment remain prohibited, and compliance with securities law does not resolve potential exposure under criminal gambling provisions.
CanadaFinance and Banking
McMillan LLP
McMillan LLP
Article

Prediction Markets In Canada: A Category-by-Category Regulatory Framework

Canadian regulators have established a category-by-category framework for prediction markets, permitting certain economic and financial event contracts through securities dealers while directing sports and entertainment contracts outside that regime. This emerging approach creates distinct regulatory pathways depending on contract structure and underlying event type, raising critical questions about classification, market integrity, and compliance for platforms, dealers, and financial institutions navigatin
CanadaFinance and Banking
Bennett Jones LLP
Bennett Jones LLP
Article

OSC Releases Crypto Asset Survey Results

The Ontario Securities Commission's 2026 survey reveals significant shifts in Canadian cryptocurrency adoption, awareness, and sentiment. With ownership rates more than doubling since 2023 and a growing belief that crypto will play a key role in Canada's financial system, the findings paint a picture of an evolving landscape where traditional financial advisors increasingly recommend crypto investments, yet regulatory awareness remains surprisingly low among the general population.
CanadaFinance and Banking
Osler, Hoskin & Harcourt LLP
Osler, Hoskin & Harcourt LLP