Canadian courts use Thomson to turn centuries of civil and criminal law upside down
Rather than submit to its own legal and lawful limitations, however, the Canadian (Ontario) court of appeal in Thomson nominally (and unanimously) protected the solicitors from the financial consequences of their technically illegal/criminal/racketeering actions, by ruling that the Criminal Code does not expressly prohibit the making of agreements to receive interest at a criminal rate, but only provides for severe punishment for those who do so. Accordingly, it concluded, such contracts are "not fundamentally illegal" (emphasis added): (more)
No comments:
Post a Comment