Limits of the law of common sense
|Area||Corporate Finance and Securities|
Article originally published in Canadian Lawyer Magazine
Excerpt from "Limits of the law of common sense":
It is often very comforting, and helpful, to remind oneself that laws can often be reduced to core concepts. For example, when searching for an interpretation of a statutory provision, and in understanding how legislative and regulatory frameworks work (and are intended to work), resort can often confidently be made to “first principles.” This is particularly so where regulation is “principles- based”, that is where applicable laws do not prescribe a comprehensive code of impermissible activity but instead articulate principles to be interpreted and applied.