Case information
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41875
Shantanu Shirodkar v. Coinbase Global, Inc., et al.
(Ontario) (Civil) (By Leave)
Docket
Judgments on applications for leave to appeal are rendered by the Court, but are not necessarily unanimous.
| Date | Proceeding | Filed By (if applicable) |
|---|---|---|
| 2026-03-23 | Close file on Leave | |
| 2026-03-19 | Copy of formal judgment sent to Registrar of the Court of Appeal and all parties | |
| 2026-03-19 | Judgment on leave sent to the parties | |
| 2026-03-19 |
Judgment of the Court on the application for leave to appeal, The application for leave to appeal from the judgment of the Court of Appeal for Ontario, Number COA-24-CV-0449, 2025 ONCA 298, dated April 22, 2025, is dismissed with costs. Dismissed, with costs |
|
| 2026-02-13 | Correspondence received from, (Letter Form), the applicant to add a judgment , (Printed version filed on 2026-02-13) | Shantanu Shirodkar |
| 2026-02-02 | All materials on application for leave submitted to the Judges, for consideration by the Court | |
| 2025-09-04 | Applicant's reply to respondent's argument, (Book Form), Completed on: 2025-09-04, (Printed version filed on 2025-09-05) | Shantanu Shirodkar |
| 2025-08-25 | Certificate (on limitations to public access), (Letter Form), 23A, (Printed version filed on 2025-08-25) | Coinbase Global, Inc. |
| 2025-08-25 | Notice of name, (Letter Form), (Printed version filed on 2025-08-25) | Coinbase Global, Inc. |
| 2025-08-25 | Respondent's response on the application for leave to appeal, (Book Form), Completed on: 2025-08-25, (Printed version filed on 2025-08-25) | Coinbase Global, Inc. |
| 2025-07-04 | Lower court order - e-filing, (Letter Form), CA Orders, (Printed version due on 2025-07-11) | Shantanu Shirodkar |
| 2025-06-27 | Correspondence received from, (Letter Form), Final CA Order, (Printed version due on 2025-07-07) | Shantanu Shirodkar |
| 2025-06-25 | Letter acknowledging receipt of an incomplete application for leave to appeal and without formal Court of Appeal order, FILE OPENED | |
| 2025-06-23 | Certificate (on limitations to public access), (Letter Form), 23A, (Printed version filed on 2025-06-25) | Shantanu Shirodkar |
| 2025-06-23 |
Application for leave to appeal, (Book Form), Missing )-CA Orders (signed) (Rec'd -2025-07-04), Completed on: 2025-07-04, (Printed version filed on 2025-06-25) |
Shantanu Shirodkar |
Parties
Please note that in the case of closed files, the “Status” column reflects the status of the parties at the time of the proceedings. For more information about the proceedings and about the dates when the file was open, please consult the docket of the case in question.
Main parties
| Name | Role | Status |
|---|---|---|
| Shirodkar, Shantanu | Applicant | Active |
v.
| Name | Role | Status |
|---|---|---|
| Coinbase Global, Inc. | Respondent | Active |
| Coinbase, Inc., Coinbase Europe Limited and Coinbase Canada Inc. | Respondent | Active |
Counsel
Party: Shirodkar, Shantanu
Counsel
Peter R. Jervis
Douglas Worndl
Golnaz Nayerahmadi
Rabita Sharfuddin
121 Richmond Street West
Suite 900
Toronto, Ontario
M5H 2K1
Telephone: (416) 548-9874
FAX: (416) 363-0263
Email: jrochon@rochongenova.com
Agent
340 Gilmour Street
Suite 100
Ottawa, Ontario
K2P 0R3
Telephone: (613) 695-8855 Ext: 102
FAX: (613) 695-8580
Email: mfmajor@supremeadvocacy.ca
Party: Coinbase Global, Inc.
Counsel
Cheryl M. Woodin
Douglas A. Fenton
3400 One First Canadian Place
Toronto, Ontario
M5X 1A4
Telephone: (416) 863-1200
Email: staleyr@bennettjones.com
Agent
400 - 411 Roosevelt Avenue
Ottawa, Ontario
K2A 3X9
Telephone: (613) 288-0149
FAX: (613) 688-0271
Email: cbaxter@conwaylitigation.ca
Party: Coinbase, Inc., Coinbase Europe Limited and Coinbase Canada Inc.
Counsel
Cheryl M. Woodin
Douglas A. Fenton
3400 One First Canadian Place
Toronto, Ontario
M5X 1A4
Telephone: (416) 863-1200
Email: staleyr@bennettjones.com
Agent
400 - 411 Roosevelt Avenue
Ottawa, Ontario
K2A 3X9
Telephone: (613) 288-0149
FAX: (613) 688-0271
Email: cbaxter@conwaylitigation.ca
Summary
Keywords
Private international law — Jurisdiction — Choice of forum — Forum non conveniens — Class action against online platform trading in crypto-assets — Lower courts finding Ontario has no jurisdiction over claims asserted against non-Canadian respondents, and although court has jurisdiction over Canadian respondent, Ireland found to be preferable forum for adjudication of claims — Whether Canadian courts have jurisdiction to enforce Canadian investors’ private rights of action provided by Canadian securities legislation against foreign defendants who access Canadian capital markets by way of transnational internet-based crypto asset trading platforms.
Summary
Case summaries are prepared by the Office of the Registrar of the Supreme Court of Canada (Law Branch). Please note that summaries are not provided to the Judges of the Court. They are placed on the Court file and website for information purposes only.
The applicant, Shantanu Shirodkar, sought to lead a class action against the respondents, Coinbase Global, Inc. and its subsidiaries Coinbase Inc., Coinbase Canada Inc., and Coinbase Europe Limited. Coinbase is an online platform for trading in crypto-assets. The applicant alleges that the respondents violated the Securities Act, R.S.O. 1990, c. S.5, and other provincial securities statutes by failing to meet statutorily mandated disclosure and registration requirements for security dealers. He sought to certify the claim on behalf of everyone in Canada who entered into crypto rights contracts or transacted in tokens with the respondents between October 8, 2019 and the certification date.
The respondents moved to dismiss or stay the action on jurisdictional grounds.
The motion judge granted the Coinbase respondents’ motion. She found that the Superior Court of Justice in Ontario has no jurisdiction over the claims asserted against the non-Canadian respondents, and that the action against them should be dismissed. Although the court had jurisdiction over Coinbase Canada, the motion judge concluded that Ireland was a preferable forum for the adjudication of the applicant’s claims. She accordingly stayed the remaining action against Coinbase Canada.
The Court of Appeal dismissed the appeal.
Lower court rulings
Court has no jurisdiction to hear action against
Coinbase Global, Inc., Coinbase, Inc. and Coinbase Europe Limited and the action against them was dismissed.
The action against Coinbase Canada was permanently stayed on the basis of forum non conveniens.
Appeal dismissed.
Filed documents
The memorandums of argument on an application for leave to appeal will be posted here 30 days after leave to appeal has been granted unless they contain personal information, information that is subject to a publication ban, or any other information that is not part of the public record. You may also obtain copies of the memorandum by filling out the Request for Court records form or by contacting the Court’s Records Centre either by email at records-dossiers@scc-csc.ca or by telephone at 613‑996‑7933 or at 1‑888‑551‑1185.
If you have questions about a memorandum of argument or want to use a memorandum of argument, please contact the author of the memorandum of argument directly. Their name appears at the end of the memorandum of argument. The contact information for counsel is found in the “Counsel” tab of this page.
Downloadable PDFs
Not available
Related links
The factums of the appellant, the respondent and the intervener will be posted here at least 2 weeks before the hearing unless they contain personal information, information that is subject to a publication ban, or any other information that is not part of the public record. You may also obtain copies of factums by filling out the Request for Court records form or by contacting the Court’s Records Centre either by email at records-dossiers@scc-csc.ca or by telephone at 613‑996‑7933 or at 1‑888‑551‑1185.
If you have questions about a factum or want permission to use a factum, please contact the author of the factum directly. Their contact information appears on the first page of each factum.
Downloadable PDFs
Not available
Related links
The condensed books of the appellant, the respondent and the intervener will be posted here upon receipt of the electronic version, 2 days prior to the scheduled appeal hearing. You may also obtain copies of condensed books by filling out the Request for Court records form or by contacting the Court’s Records Centre either by email at records-dossiers@scc-csc.ca or by telephone at 613‑996‑7933 or at 1‑888‑551‑1185.
If you have questions about a condensed book or want permission to use a condensed book, please contact the author of the condensed book directly. Their contact information appears on the first page of each condensed book.
Downloadable PDFs
Not available