Proceedings

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IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5, AS AMENDED
- AND -
IN THE MATTER OF 7997698 CANADA INC., carrying on business as
INTERNATIONAL LEGAL AND ACCOUNTING SERVICES INC., WORLD
INCUBATION CENTRE, or WIC (ON), JOHN LEE also known as CHIN LEE, and
MARY HUANG also known as NING-SHENG MARY HUANG

TEMPORARY ORDER
(Subsection 127(8))

WHEREAS:

  1. on November 21, 2014, the Ontario Securities Commission (the “Commission”) issued a temporary order, pursuant to subsections 127(1) and (5) of the Securities Act, R.S.O. 1990, c. S.5., as amended (the “Act”), ordering:
    1. that all trading in any securities by 7997698 Canada Inc., carrying on business as International Legal and Accounting Services Inc., World Incubation Centre, or WIC (ON) (“7997698”), John Lee also known as Chin Lee (“Lee”),  and Mary Huang also known as Ning-Sheng Mary Huang (“Huang”) (collectively, the “Respondents”) shall cease; and
    2. that the exemptions contained in Ontario securities law do not apply to any of the Respondents;

(the “Temporary Order”)

  1. on November 21, 2014, the Commission ordered that the Temporary Order shall expire on the 15th day after its making unless extended by order of the Commission;
  2. on November 24, 2014, the Commission issued a Notice of Hearing to consider, among other things, the extension of the Temporary Order, to be held on Wednesday December 3, 2014  at 10:00 a.m. (the “Notice of Hearing”);
  3. the Notice of Hearing set out that the hearing was to consider, among other things, whether, in the opinion of the Commission, it was in the public interest, pursuant to subsections 127(7) and (8) of the Act, to extend the Temporary Order until the conclusion of the hearing or until such further time as considered necessary by the Commission;
  4. Staff of the Commission (“Staff”) served the Respondents with copies of the Temporary Order, the Notice of Hearing, the Hearing Brief, the Supplementary Hearing Brief, and Staff’s Written Submissions and Brief of Authorities as evidenced by the Affidavits of Service sworn by Steve Carpenter on December 1, 2014 and December 2, 2014, and filed with the Commission;
  5. on December 3, 2014 the Commission held a hearing at which Lee attended but Huang did not attend although properly served,  at which hearing, the Commission heard submissions from counsel for Staff and from Lee on his own behalf and on behalf of 7997698 and Huang, and the Commission ordered that the Temporary Order be extended to June 3, 2015 and that the hearing be adjourned until Wednesday, May 27, 2015, at 10:00 a.m.
  6. Staff served the Respondents with copies of a Further Supplementary Hearing Brief (two volumes), Supplemental Staff Written Submissions, and a Supplemental Brief of Authorities as evidenced by the Affidavits of Service sworn by Dale Victoria Grybauskas on May 15, 2015, and filed with the Commission.  
  7. on May 27, 2015, the Commission held a hearing at which counsel for Staff attended but no one attended for the Respondents and the Commission heard submissions from counsel for Staff, the Commission was advised that the Respondents sought an adjournment of the hearing and counsel for Staff filed a consent of the Respondents, signed on their behalf by their counsel, to an order to be made by the Commission providing that:
    1. the Temporary Order is extended until July 29, 2015; and specifically:
      1. that all trading in any securities by the Respondents shall cease; and
      2. that the exemptions contained in Ontario securities law do not apply to any of the Respondents;
    2. any person or company affected by this Order may apply to the Commission for an order revoking or varying this Order pursuant to s. 144 of the Act upon seven days written notice to Staff of the Commission; and
    3. the hearing is adjourned until Wednesday July 22, 2015 at 10:00 a.m.; and
  8. the Commission is of the opinion that it is in the public interest to make this order.

IT IS ORDERED that:

    1. the Temporary Order is extended until July 29, 2015; and specifically:
      1. that all trading in any securities by the Respondents shall cease; and
      2. that the exemptions contained in Ontario securities law do not apply to any of the Respondents;
    2. any person or company affected by this Order may apply to the Commission for an order revoking or varying this Order pursuant to s. 144 of the Act upon seven days written notice to Staff of the Commission; and
    3. the hearing is adjourned until Wednesday July 22, 2015 at 10:00 a.m.

    DATED at Toronto this 27th day of May, 2015.



    " Mary G. Condon "
    Mary G. Condon
    " Timothy Moseley "
    Timothy Moseley