In S.E.C. v. M.P. (Ont CA, 2023) the Court of Appeal considered contingency fee arrangements, here in the settlement of a personal injury action:
[9] On June 30, 2021, Dr. C.’s litigation guardian settled a tort and accident benefit claim for $8,500,000. On September 17, 2021, the appellants moved in writing for the judicial approval of the action’s settlement under r. 7.08 and the Contingency Fee Agreement (“CFA”) under s. 24 of the Solicitors Act, R.S.O. 1990, c. S.15, and s. 6(b) of the Contingency Fee Agreements Regulation, O. Reg. 563/20 (“CFA Regulation”). ...
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