The applicant, Samer Bishay, sought an order under the Bank Act compelling the Bank of Montreal to reinstate his bank accounts, a trial on damages, and a Norwich Order for disclosure of information leading to the account closure.
The court found that s. 627.17 of the Bank Act only requires banks to open accounts under certain conditions, not to maintain them indefinitely, and that the common law right to terminate banking relationships on reasonable notice was not displaced.
The application was dismissed, including the request for a Norwich Order, as the applicant's claim was found to be speculative.
