Law360 Canada ( October 21, 2025, 11:32 AM EDT) -- Appeal by appellants from decision of chambers judge. A panel of the British Columbia Securities Commission (Commission) ordered Earle Pasquill to pay $36.7 million arising from a fraud he perpetrated with others contrary to the Securities Act. The claim in dispute was brought by the Commission against the appellants in an action (the Collections Action). The Commission relied on amendments to the notice of civil claim that it advanced. Those amendments depended on legislative changes brought into force, with retrospective effect, in 2020. The appellants said that the amendments advanced a new cause of action after the six-year limitation period expired. The chambers judge was faced with competing applications by the Commission, for leave to amend the notice of civil claim, and by the appellants, for summary judgment dismissing the Collections Action. The chambers judge concluded that this complicated and novel proceeding should be determined at trial rather than on a summary application such as the present. He granted the Commission leave to amend and dismissed the appellants’ application. He said that the Commission did not seek to advance a fundamentally different claim, and no limitation issue was engaged. The chambers judge also held that the limitation period could not begin to run before the legislation authorizing the claim came into force in 2020....