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Dec 15, 2016
Collateral Matters - Supreme Court of Canada to Clarify Banks' Defences to Cheque Fraud
Fraudulent cheques create significant risks for banks. The law in this area is uncertain and challenging, and does not clearly allocate risks among the various parties to a fraudulent cheque transaction. The forthcoming appeal to the Supreme Court of Canada in the case of Teva Canada Ltd. v. Bank of Montreal et al.
is an opportunity for clarity.