The defendants brought a motion to dismiss a proposed class proceeding for delay pursuant to section 29.1 of the Class Proceedings Act, 1992.
They argued that the plaintiff had not filed a complete certification motion record or established a timetable within the first anniversary of the proceeding's commencement.
The plaintiff contended that extensive interlocutory proceedings related to a Mareva injunction, including timetables for affidavit exchange and cross-examinations, constituted "steps required to advance the proceeding." The court adopted a functional interpretation of section 29.1, finding that the injunction-related steps, which involved a deep dive into the merits and evidence relevant to certification, did indeed advance the proceeding.
Consequently, the defendants' motion to dismiss for delay was dismissed.