A Canadian bank in a liability claim of CAD$5.9 million

In 2020, a Canadian bank was involved in a liability claim of CAD$5.9 million. It challenges the conflicts of interest that a bank may find itself in when advising two clients with opposing business interests. This case relates to the circumstances where a duty of loyalty and duty of care of a bank arises.

A Fasken team composed of Christian Trépanier and Maxime-Arnaud Keable represented the Canadian bank in connection with this claim.