Supreme Court of Canada Decision: Poonian v. British Columbia (Securities Commission) [Bankruptcy and insolvency]

July 31, 2024

The Supreme Court of Canada released the following decision on 2024-07-31:

Poonian v. British Columbia (Securities Commission), 2024 SCC 28 [link to case]

Case Brief

• The Supreme Court concludes that bankruptcy does not release people from orders to pay amounts obtained by fraud, but could release them from administrative penalties.