In the case of Binance Holdings Limited v. Ontario Securities Commission dated September 28, 2023, the applicant, Binance Holdings Limited, sought a judicial review of an order issued by the Ontario Securities Commission (OSC) on May 10, 2023, under the Securities Act. The OSC had expressed concerns about Binance's regulatory compliance in 2021 and later negotiated an Undertaking with Binance in 2022. However, Binance contested the OSC's subsequent Investigation Order and Summons, claiming that they violated the terms of the Undertaking and raised Charter of Rights and Freedoms issues. The court had dismissed Binance's application for judicial review. It had found that the Undertaking did not preclude the Investigation Order and Summons, as the OSC retained the right to bring enforcement proceedings for past, present, or future conduct contrary to the Act or the public interest, with exceptions. Binance's arguments of abuse of process and promissory estoppel were not accepted.