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ARTICLE · 24 MARCH 2017

Quebec : A Warning On The Scope Of A Lawyer's Duty To Advise

The Quebec Court of Appeal recently overturned a Superior Court ruling and found a lawyer and his firm jointly liable to pay nearly $7 million in damages as a result of his advice given...

CanadaLitigation, Mediation & Arbitration

The Quebec Court of Appeal recently overturned a Superior Court ruling and found a lawyer and his firm jointly liable to pay nearly $7 million in damages as a result of his advice given to a former client and her company, in connection with investments in certain offshore funds. These later turned out to be a scheme by a financial services firm to defraud clients.

The case Matte-Thompson vs. Salomon concerns a widow, Judith Matte-Thompson, who, after her husband's death, regularly sought counsel from her family lawyer, Kenneth F. Salomon, about her role as estate beneficiary, trustee and liquidator of several companies — among them 166376 Canada inc. ("166"). Mr. Salomon strongly recommended that she consult a financial advisor — also a personal friend of his — by the name of Thémis Papadopoulos. Papadopoulos was head of the financial services firm Triglobal Capital Management ("Triglobal").

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