In a recent decision in the matter of Net Xpress Intl. Inc. v. Fédération des Caisses Desjardins du Québec (« Net Xpress »), the Superior Court of Quebec issued an interlocutory injunction to prevent the de-risking of a money services business by a credit union. See PDF Document: Comment-on-Net-Xpress-Case
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New Quebec MSB case
On February 6 2019, the Superior Court of Quebec granted an injuction to reinstate a MSB into its membership rights with its credit union, following a de-risking measure that excluded the MSB on the basis of « intolerable risk ». Excerpts from a blog where accusations were made with respect to a co-owner of the…
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