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“AI and sustainability - cure or curse?”
While AI can help resolve data issues in sustainable investing, it can create problems such as information breaches and inherent bias in data.
Global | Publication | February 2016
Case: Philip Morris Products S.A. v. Marlboro Canada Limited, 2016 FCA 55
Date of decision: February 17, 2016
The pall that had been cast over the request for an accounting of profits in lieu of damages has been lifted by the Federal Court of Appeal. The Court confirmed that the trial judge “did not err when he stated that he would not deny an accounting of profits in the absence of compelling reasons.”
A previous decision of the trial division of the Federal Court Janssen-Ortho Inc. v. Novopharm Ltd., 2006 FC 1234 had noted that an accounting of profits was an equitable remedy which required the applicant to “show some basis” for the exercise of equity.
The Court of Appeal has conclusively overruled that decision by noting that this decision “stands alone in the jurisprudence and is not supported by any prior case law”.
The Court further noted that a causal link had been established based on the finding that the Court at trial has determined that there was confusion and infringement, which is the source of the appellants’ unjust enrichment.
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While AI can help resolve data issues in sustainable investing, it can create problems such as information breaches and inherent bias in data.
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In this edition of Regulation Around the World we review recent steps that financial services regulatory authorities have taken as regards investment research.
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We have had a new pension tax regime since April 6, 2024. The underlying legislation is convoluted and almost impossible for a lay person to follow, so you would be forgiven for thinking there was a lot to study. At the very granular level that is true, and your scheme administrators will have a lot of detailed changes to make to systems. However if you zoom out a bit, in many ways life hasn’t changed. We’ve done the poring over densely amended tax legislation for you. Here are the highlights: five things to know and three things to do.
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