Julie Rosenthal

The appeal addressed whether a federal regulator had statutory authority to implement a market-based regime requiring negotiations over compensation for retransmission of local television signals.

The majority held the proposed regime exceeded statutory authority and conflicted with the copyright scheme governing retransmission rights and exceptions.

The dissent would have found a sufficient statutory basis and no operational conflict between the two statutes.

The appeal was allowed, with costs throughout.

The appellants, auditors and underwriters of Sino-Forest Corporation, appealed an order declaring that their claims for contribution and indemnity against Sino-Forest were 'equity claims' under the Companies' Creditors Arrangement Act (CCAA).

The claims arose from proposed shareholder class actions alleging misrepresentation.

The Court of Appeal dismissed the appeal, holding that the definition of 'equity claim' in s. 2(1) of the CCAA focuses on the nature of the claim rather than the identity of the claimant.

The court found that the appellants' claims for contribution and indemnity were clearly connected to the shareholders' equity claims and thus fell within the expansive statutory definition.

The parties entered into a joint venture agreement to purchase and develop property.

When a creditor demanded repayment of a note, only one partner was willing to pay.

That partner's company purchased the note and eventually foreclosed on the property when the other partners failed to pay their shares.

The appellants sued for breach of the joint venture agreement and return of their investment.

The Supreme Court of Canada held that the agreement was not terminated and had not been breached.

The Court also dismissed the unjust enrichment claim, finding that the contract and the foreclosure proceedings provided a juristic reason for the deprivation.