The Corporate/Securities Law Moot is the only moot court competition in Canada focused exclusively on corporate and securities law. It provides an opportunity for top students from Canadian law schools to debate current legal issues in corporate and securities law with senior practitioners from Toronto law firms and corporations, regulators from the Ontario Securities Commission, and judges. It is held at the Federal Court in Toronto each year.
Participants moot an appeal in a corporate or securities case before a mock Supreme Court of Canada. The problem is issued in the form of the fictional lower court or tribunal decisions that form the basis for the appeal. The problem is usually modeled after cutting-edge corporate or securities law decisions of the Ontario Securities Commission, Ontario Court of Appeal, or other courts.
Approximately 10 law schools participate each year. Teams must submit an appellant’s and respondent’s factum. Each pair of mooters argues twice during the competition – once for the appellant and once for the respondent. The rounds are judged by three-member panels comprising members of the judiciary, securities regulators and leading corporate and securities law practitioners. The final round, featuring teams from the top two law schools, is judged by a five-member panel usually consisting of members of the Ontario Court of Appeal, top officials of the Ontario Securities Commission, and often members of the Supreme Court of Canada or other prominent appellate courts.