First published at 05:29 UTC on June 27th, 2023.
Rocco Galati And The Lawsuit Against The Bank Of Canada
Mirrored from: https://www.youtube.com/watch?v=4ZuIKXXtQN0
Colourful and controversial. Rocco Galati isn't your average advocate. He's a kind of legal David, known for tangling with G…
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Rocco Galati And The Lawsuit Against The Bank Of Canada
Mirrored from: https://www.youtube.com/watch?v=4ZuIKXXtQN0
Colourful and controversial. Rocco Galati isn't your average advocate. He's a kind of legal David, known for tangling with Goliath-sized courtroom opponents. His peers seem to approve. Electing him to the bench that oversees them. His latest case may his most contentious of his career.
http://www.cbcnews.ca
See:
https://en.wikipedia.org/wiki/Rocco_Galati#Bank_of_Canada_case
Bank of Canada case
In 2011, Galati brought a case against the Canadian government to restore the Bank of Canada as a lender to the government.The case was brought on behalf of the Committee on Monetary and Economic Reform.COMER argued that the Bank of Canada is mandated to provide debt-free financing for public projects undertaken by federal, provincial and municipal governments.
COMER's claims were struck five times by the courts. On May 4, 2017 the Supreme Court dismissed COMER'S application for leave to appeal the most recent decision.
On February 8 2016 Justice Russell struck COMER's amended claim in its entirety and refused leave to amend the claim. Costs were awarded to the crown. In his ruling, Justice Russell stated " their response convinces me that, for reasons given, they have no scintilla of a cause of action that this Court can or should hear."
On March 3, 2016 COMER filed a notice of appeal with the Court of Appeal.
On December 7, 2016 the appeal was dismissed. [On May 4, 2017 the Supreme Court dismissed COMER's application for leave to appeal this decision.
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