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When to pay your financial advisors


Lawyer Neill May
Area Corporate Finance and Securities


Article originally published in the Canadian Lawyer Magazine, August 2017

Excerpt from "When to pay your financial advisors":

The issue of an unclear connection between a claim for payment and services rendered was at the heart of the recent Ontario Superior Court of Justice decision in RBC Dominion Securities Inc. v. Crew Gold Corporation. The case involved a financial services arrangement with relatively typical terms, including a success fee component and a “tail” fee feature (pursuant to which the success fee is payable if the triggering event occurs within a short period following termination of the agreement), though the facts of the case were somewhat unique.

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