BNP Paribas defended in cartel class action against a number of Canadian and multinational banks

We are defending BNP Paribas in a cartel class action that has been commenced against a number of Canadian and multinational banks seeking $1 billion in damages in connection with alleged anti-competitive behaviour in respect of supranational, sub-sovereign, and agency bonds (SSA Bonds). The claims asserted  include breaches of the Competition Act, foreign law, civil conspiracy, unjust enrichment, waiver of tort and breach of contract. The action was recently commenced and will be proceeding to certification.