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Corporate Lawyers Wait For Other Shoe To Drop
SOURCE
Law Times
AUTHOR
Ian Harvey
DATE
August 11, 2008
A focus on corporate commercial law in Law Times features Andrew Fleming addressing the pending ruling by the Supreme Court on the BCE sale, on which it only gave partial direction on its thinking in June.
Excerpt
The Supreme Court of Canada gave partial direction on its thinking June 20 when it cleared the way for the $52-billion privatization of BCE to proceed.
However, as Andrew Fleming, senior partner in Ogilvy Renault LLP's business group notes, the other shoe in the ruling has yet to drop.
''They've said they disagree with Quebec Court of Appeal, but reasons to follow,'' he says, leaving corporate lawyers and their clients holding their breath to read the forthcoming judgment.
''They could just be terse and not say much, leaving us all to read the tea leaves,'' he says. ''Or they could go into murky depths of these issues and give us all some future guidance, which really is becoming a role of the court.''
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