Administrative penalties issued by securities regulator do not survive bankruptcy discharge: Supreme Court of Canada

David Bish, John Fabello, Scott Bomhof, Gillian Dingle, Jeremy Opolsky and Mike Noel of Torys summarize the Supreme Court’s decision in Poonian and explain the Court’s reasoning for treating an administrative penalty differently than a court fine, even if the penalty has been registered and has the force of a court judgment.

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