PROCEEDINGS - Courts - Jurisdiction

Law360 Canada ( October 3, 2018, 11:13 AM EDT) -- Application by the defendant for an order dismissing or staying the plaintiff’s action for lack of jurisdiction. The plaintiff was a British Columbia company with its registered office and sole corporate office in British Columbia. The defendant was incorporated pursuant to federal legislation and had its registered office in Ontario. It was registered as an extra-provincial company in British Columbia. The plaintiff claimed it had a valid and enforceable net profit interest in the defendant’s mining claims and leases in Ontario. The defendant acquired the claims and leases in an asset purchase agreement that was stated to be governed by the law of Ontario. The plaintiff claimed its interest pursuant to a letter agreement with the prior owner of the assets....
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