Bay Street had something to celebrate for the holiday season in 2005, when the Ontario Court of Appeal on December 15, 2005 reversed the trial decision in Kerr v. Danier Leather Inc.  The new year brought new worries, however, as the new provisions of the Securities Act imposing civil liability for secondary market disclosure came into effect on December 31, 2005.  Combine these two together, add a twist of avian flu, and you have the theme for the Davies 2006 Corporate/Securities Law Moot.  The only competition of its kind in Canada, the annual Corporate/Securities Law Moot 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.  The problem, written in the form of a trial judgement and appeal judgement, was developed by Michael Disney of Davies.

Nine law schools from across Canada participated in this year's Moot held in Toronto on March 3 and 4. The two top teams, the University of Toronto and Queen's University, competed in a final round before a five-member panel, consisting of Justices John Laskin, Kathryn Feldman and Robert Blair of the Ontario Court of Appeal, Mr. David Brown, former Chair of the Ontario Securities Commission and now a Partner of Davies in the Toronto office, and Mr. Paul Moore, Vice Chair of the Ontario Securities Commission.

The University of Toronto won top prize with a team consisting of Christopher Burr, Christopher Graham, Andrew Winton and Ryan Zener. The team of Andréa Amaral-LeBlanc, Navroop Bhandal, Timothy Huyer, Patricia McLean and Colin Yao from Queen's placed second, and the University of Windsor's team of Aaron Collins, Reena Kotecha, Desmond Ng Cheng Hin and Sophie Roberge claimed third place. Andréa Amaral-LeBlanc of Queen's University was named top oralist of the Moot, second place oralist was Jennifer Young of the University of Alberta, and Patricia McLean of Queen's was third place oralist. Factum prizes were awarded to the Queen's University, the University of Ottawa and the University of Toronto for their first, second and third place rankings, respectively.

The students were tested on their written advocacy (presented in a factum delivered prior to the competition) and their oral advocacy. Each student was required to argue twice during the two-day competition, once on behalf of the appellant and once on behalf of the respondent.