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Last year's top business decisions from the courts reflected the continuation of a balanced approach to business.

After the disappointing legal judgments for Canadian business in 2015, the landscape evened out this past year. Still, while five of our top 10 business decisions can be regarded as decidedly pro-business, four did not favour the business community and one can be regarded as mixed.

The decision that topped Lexpert's list, CIBC v. Green, significantly raised the bar for leave to appeal applications in secondary-market securities class actions, and is huge in its impact.

Our second choice, Ledcor Construction v. Northbridge Indemnity Insurance, was regarded in many quarters as even more important than Green, albeit for its negative impact on business.

Still, it's the only decision in the top five that doesn't favour business.

Lexpert contributor Julius Melnitzer reports at www.lexpert.ca.

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