Katz v. Vancouver Stock Exchange

Katz v. Vancouver Stock Exchange
Collection
Supreme Court Judgments
Date
1996-10-03
Report
[1996] 3 SCR 405
Case number
25014
Judges
Lamer, Antonio; La Forest, Gérard V.; L'Heureux-Dubé, Claire; Sopinka, John; Gonthier, Charles Doherty; Cory, Peter deCarteret; McLachlin, Beverley; Iacobucci, Frank; Major, John C.
On appeal from
British Columbia
Subjects
Administrative law
Notes
SCC Case Information: 25014
Decision Content
Katz v. Vancouver Stock Exchange, [1996] 3 S.C.R. 405
Andrew Sim Katz Appellant
v.
The Vancouver Stock Exchange,
the British Columbia Securities Commission
and the Superintendent of Brokers Respondents
and
The Attorney General of Manitoba and
the Attorney General of British Columbia Interveners
Indexed as: Katz v. Vancouver Stock Exchange
File No.: 25014.
1996: October 3.
Present: Lamer C.J. and La Forest, L’Heureux‑Dubé, Sopinka, Gonthier, Cory, McLachlin, Iacobucci and Major JJ.
on appeal from the court of appeal for british columbia
Administrative law ‑‑ Reasonable apprehension of bias ‑‑ Securities ‑‑ Citation against appellant for contravention of certain by‑laws and exchange rules ‑‑ Hearing panel appointed to conduct inquiry ‑‑ Appointment process for hearing panel not giving rise to reasonable apprehension of bias.
Cases Cited
Distinguished: Canadian Pacific Ltd. v. Matsqui Indian Band, [1995] 1 S.C.R. 3.
APPEAL from a judgment of the British Columbia Court of Appeal (1995), 14 B.C.L.R. (3d) 66, 128 D.L.R. (4th) 424, 34 Admin. L.R. (2d) 1, 9 C.C.L.S. 112, affirming a decision of the British Columbia Securities Commission. Appeal dismissed.
Gary S. Snarch and Murray Braithwaite, for the appellant.
Larry R. Jackie, for the respondent the Vancouver Stock Exchange.
Mark L. Skwarok, for the respondent the British Columbia Securities Commission.
Donna J. Miller, Q.C., for the intervener the Attorney General of Manitoba.
George H. Copley, for the intervener the Attorney General of British Columbia.
//Iacobucci J.//
The judgment of the Court was delivered orally by
1 Iacobucci J. ‑‑ We agree with the British Columbia Court of Appeal that the practice of the tribunal in question is one of the many factors to consider in determining whether the necessary degree of independence is present to avoid creating a perception of reasonable apprehension of bias. We also agree with the British Columbia Court of Appeal that the situation in this case, particularly its self‑regulatory context, is quite different from that which was present in Canadian Pacific Ltd. v. Matsqui Indians Band, [1995] 1 S.C.R. 3.
2 Consequently, for these reasons and substantially for the reasons of the British Columbia Court of Appeal, we would dismiss the appeal with costs.
Judgment accordingly.
Solicitors for the appellant: Snarch & Allen, Vancouver.
Solicitors for the respondent the Vancouver Stock Exchange: Ladner, Downs, Vancouver.
Solicitor for the respondent the British Columbia Securities Commission: Mark L. Skwarok, Vancouver.
Solicitor for the intervener the Attorney General of Manitoba: The Department of Justice, Winnipeg.
Solicitor for the intervener the Attorney General of British Columbia: The Ministry of the Attorney General, Victoria.