Decision in brief: SLC Holdings Inc v Stracon Group Holding Inc, Application relating to a Transaction, Case Management Hearing, February 5, 2026

In this case, one company, SLC Holdings Inc., says that another company, Stracon Group Holding Inc., wrongly told investors that it had amalgamated (merged) with a third company in Peru. SLC says that the amalgamation was not completed. SLC asks the Tribunal to stop any trading of Stracon’s shares until the statement is corrected or the amalgamation is completed.

Before the Tribunal can decide whether Stracon’s statement to investors was wrong, it must first decide whether SLC should have standing (permission) to go ahead with its request to stop trading in Stracon’s shares. Stracon said that the Tribunal should have a hearing to decide whether SLC has standing before having a hearing to decide if Stracon’s shares should be stopped from trading. SLC said that both issues should be dealt with in one hearing.

The Tribunal decided to split the case into two hearings because the issues to be decided are different and there is no urgency to decide this case. The Tribunal will decide whether SLC has standing first. Dealing with the standing issue first may be more efficient, because, if SLC is not given standing, it will save effort and cost.

The Tribunal set a schedule for both hearings.