Huawei CFO’s lawyer disputes what HSBC knew as U S extradition case resumes netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
VANCOUVER — Staff at international bank HSBC were well aware of telecom giant Huawei s control of another company whose business in Iran lies at the heart of fraud allegations against Huawei . . .
Staff at international bank HSBC were well aware of telecom giant Huawei s control of another company whose business in Iran lies at the heart of fraud allegations against Huawei executive Meng Wanzhou, the British Columbia Supreme Court heard Monday.
Huawei Chief Financial Officer Meng Wanzhou will return to a Canadian court Monday for the final phase of the arguments in her U.S. extradition case, which would focus on whether her arrest was politically motivated and if abuses of process occurred during her detainment.
In
McCorquodale v RBC Global Asset Management Inc., 2021 BCSC 144, the British Columbia Supreme Court relied on the principle of consistency in case law in applying a low bar to certification in class proceedings. In doing so, B.C. continues to be one of the friendliest Canadian jurisdictions for class action certification. With changes to Ontario’s class action legislation intended to raise the bar for certification, it is anticipated that more national class actions will be litigated in B.C.
McCorquodale is the second class action to be certified in Canada regarding allegations of closet indexing, involving a purportedly actively managed fund merely tracking the stock selection of benchmark indexes, such as the S&P/TSX composite. The first was