Post
Topic
Board Exchanges
Re: Official CaVirtex.com Thread
by
MJD
on 19/12/2013, 20:56:40 UTC
If anyone is a lawyer or knows one familiar with Canadian law perhaps they could contact me or comment on what appears to be a breach of contract. It seems to me that they cannot delist from Havelock without being open to being sued?
IANAL, but based upon what I asked some people who are more familiar with trading, the documents CaVirtex put out are not "formal" documents.  While you might be able to argue in a court it was still a contract, the court may not look so happily on the situation, as you did invest using a non-official currency (if the court would consider it a currency) in a foreign country.  In fact, because of the edge of the law you are trading on, it makes sense for CaVirtex to delist.  If you assume they are honest, then trading in a virtual currency on a foreign exchange does nothing to help them appear as a valid corporation, and probably skirts the edge of corporate law anyway.

That being said, I am an investor to and hope that we are taken care of appropriately.