Précis: This is an extremely lengthy (364 paragraphs) and complex interlocutory procedural decision arising out of discovery proceedings. The background to the case is CIBC’s claim to deduct roughly $3,000,000,000 paid to settle claims arising out of the collapse of Enron. The Court examined dozens of questions which CIBC declined to answer for various reasons including a number of allegations of privilege. Ultimately CIBC lost on most of the points at issue and the Court found that they were largely engaged in obstruction of the discovery process. Submissions on costs are to be made at a later date.
CIBC v. R. - TCC: Court finds CIBC engaged in obstruction of discovery processREAD MORE »