Ronald Audette

Expertise

Banking and Financial Services

• Banking Litigation

Bankrupty, Insolvency and Restructuring

• Enforcement of Security
• Legal Counsel to Creditors, Debtors and Insolvency Professionals
• Procedures and Recourse Under the Insolvency Legislation

Litigation

• Banking Litigation
• Civil and Commercial Litigation
• Insolvency
• Shareholder's Disputes

Strategic Teams

• Banking and Financial Services
• Bankruptcy, Insolvency and Restructuring
• Commercial Litigation

Professional background

Ronald Audette is a partner with BCF and Head of the banking litigation group. He has over 20 years of experience in banking and commercial litigation and insolvency.

Mr. Audette regularly represents financial institutions in cases involving banking transactions and banking matters, such as litigation involving fraud, international money seizures and transfers, letters of credit and bills of exchange, civil liability actions against banks and the enforcement of their securities.

He also regularly represents clients in complex commercial litigation matters, including shareholder disputes and extraordinary measures aimed at protecting the rights of businesses, such as injunctions and seizures before judgment, in a broad range of industries in the business world. He also represents creditors and trustees in insolvency and bankruptcy matters.

Publications

• "Impatient Bank Penalized for Exercising Hypothecary Recourses," International Law Office bulletin, March 31, 2009.
• "Bank Condemned for Prematurely Releasing Funds from Foreign Bank Draft," International Law Office bulletin, March 24, 2009.
• "Penalty with a Price for Financial Institutions Regarding Mortgage Repayments," International Law Office bulletin, March 17, 2009.

Professional affiliations

• Canadian Bar Association
• Brazil-Canada Chamber of Commerce
• Board of Trade of Metropolitan Montreal
• Member of the Bar of Montreal's liaison Committee with the Superior Court in commercial matters, 2006-2009
• Member of the Bar of Montreal's liaison Committee with the Superior Court in civil matters, 1998-1999

Representative work

• Successfully defended the Royal Bank of Canada against one of the largest damages claims ever brought in Quebec: $95 million in principal and interest (the claim was filed by an ecclesiastical corporation in connection with the financing of Marché Central).
• Represented Groupe Parim and Mr. Pierre Parent in connection with a special partners dispute related to a high-end real estate complex valued at more than $100 million known as Le Crystal de la Montagne.
• Represented a financial institution in a dispute contesting a penalty clause imposed in the case of an accelerated repayment of loan.
• Represented the Royal Bank of Canada in connection with a lawsuit concerning a seizure of funds under the American Cuban Assets Control Regulations.
• Represented the Royal Bank of Canada in contesting an international seizure of one of its client’s account in the Bahamas.
• Represented a financial institution in connection with a Nigerian fraud claim; also represented a Quebec company in connection with this type of fraud.
• Represented two creditors in connexion with a multimillion lawsuit against the _Caisse d’économie des Portugais de Montréal _concerning COFO’s banking operations.
• Defended the Auger Group in a shareholders dispute involving 27 different lawsuits and millions of dollars.
• Represented a mining company in injunction proceedings brought by an aboriginal group aimed at stopping the development of a mining project worth over $450M.