Most of us understand debt collection on the surface (i.e. Person A owes Person B an amount of money), but what we don’t often see is the finer points of a debt claim and what should be included.
There is a body of law governing the international aspects of contracts. First, the courts look to whether there is a clause in the contract that names a jurisdiction as the proper law of the contract and the place in which litigation will take place.
The Court of Appeal recently affirmed the BC Securities Commission’s decision to impose significant fines on a purported financial advisor selling exempt market products
In British Columbia (any other jurisdictions may have different rules), and with several exceptions, you must start your lawsuit within two years after you discover that you may have a lawsuit.