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Sender:
Lionel Smith
Date:
Tue, 5 Aug 2003 13:05:53 -0400
Re:
Authorson

 

My apologies to everyone for once again trumpeting a decision which someone else had posted.

This, I think, has not yet appeared - the multi-billion dollar claim in Authorson, by disabled veterans against the Canadian federal government for failure to pay interest on pension funds, has now been resolved against the plaintiffs. At trial and in the CA they won, both courts agreeing that there was a breach of fiduciary obligation, and that the Bill of Rights of 1960 (of which very little is heard since the Charter of Rights) made inoperative the retroactive legislation which Parliament passed to try to eliminate its liability. But the SCC has reversed.

Authorson v. Canada (Attorney General), [2003] S.C.J. No. 40, July 17, 2003, is on Quicklaw and Canlii.

http://www.canlii.org/ca/cas/scc/2003/2003scc39.html

I am still not sure whether an award of interest is compensation or restitution.

Lionel


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