This publication is written for Canadian companies considering accessing the U.S. public capital markets through the Multi-jurisdictional Disclosure System (MJDS) and for those Canadian companies that are already subject to U.S. public periodic reporting requirements and are eligible to satisfy those requirements through MJDS.
A heightened focus on board governance and shareholder engagement this proxy season prompted the research reflected in this Osler report. Our analysis shows how Canadian ompanies have responded to shareholder demands for a say on pay and international say on pay trends, taken advantage of new flexibility to communicate electronically with areholders via notice and access in Canada, and adopted advance notice requirements for director nominations and other activist shareholder defence measures.
Class Actions in Canada 2012 – The Year in Review and The Year Ahead contains Osler litigators’ analysis of decisions and trends that have affected Canadian class actions during the past twelve months, along with a look at expected developments in 2013.
Osler lawyers review recent developments and offer insight into the year ahead in Canadian capital markets. The latest edition of our popular annual guide covers includes a general review of Canadian M&A and corporate finance activity in 2012, as well as in-depth articles on a range of topics including Asian investment in Canada’s resource sector, the continuing growth of the REIT sector, M&A in Quebec and recent developments in corporate governance.
Doing Business in Canada is designed to give business executives, counsel and potential investors from foreign countries a concise overview of Canada’s legal and economic framework and key business legislation. For those looking to pursue business opportunities in Canada, this guide outlines several unique aspects of doing business in Canada.
A reverse take-over structure is often used where a traditional initial public offering is not feasible or practical. Companies wishing to access the Canadian capital markets by listing on the Toronto Stock Exchange or the TSX Venture Exchange may become listed through a number of methods including a traditional initial public offering, through a special purpose acquisition vehicle or by completing a reverse take-over of an existing listed issuer. This guide is a practical tool to assist directors and officers, potential acquirors and investors in understanding the issues surrounding reverse take-overs.
The purpose of this guide is to provide an overview of the mechanics involved in the acquisition of a private business in Canada. However, many of the issues would be relevant to the acquisition of other entities or businesses. The guide concentrates on the two main transaction structures - an asset purchase and a share purchase, and briefly describes other structures. Topics include the preliminary and ongoing documentation required for both asset purchase and share purchase transactions, the differences and similarities between the two transactions, liabilities imposed on purchasers, closing and post-closing matters and other considerations including tax issues, foreign investment, competition law and employment matters.
While several different methods exist to acquire control of a Canadian public company, M&A transactions in Canada are most commonly effected by way of “take-over bid” or “plan of arrangement.” The Osler Guide to Canadian Public Company Mergers & Acquisitions describes in detail these acquisition structures, and other topics including pre-acquisition considerations, minority shareholder protections and directors’ duties.
Osler colleagues share their observations on Canadian capital markets in 2011 and also their predictions for 2012, providing commentary on topics they feel will most benefit our clients as we move into the year ahead. Topics include: Corporate finance; break-ups in M&A; developments in Canadian poison pill jurisprudence; global stock exchange consolidation; mining in Canada; foreign investment in Canada (a year after Potash); M&A activity in the pipeline sector; developments in the United States; and Basel III and other developments affecting Canadian financial institutions.
We began updating Corporate Governance in Canada in the Fall of 2008 in anticipation of the Supreme Court of Canada’s decision in BCE Inc. Since then, the tumult in the global economy has created a pressing need for a current treatment of directors’ responsibilities.
The Canadian income trust market has always been defined by continual changes in Canadian tax rules. Beginning on January 1, 2011, the application of the Specified Investment Flow Through (SIFT) tax will effectively level the playing field between trusts and corporations, leaving the income trust structure with little, if any, tax advantage.
Osler's team of leading competition law experts, together with the Association of Corporate Counsel, has created this document specifically for corporate counsel dealing with issues in competiton law. The practical guide highlights the similarities and differences between Canada's Competition Act and its U.S. counterparts.
Osler recently updated this substantive volume for the Association of Corporate Counsel's Employment and Labor Law Committee. Designed specifically to assist in-house counsel, this document provides an essential guide for legal professionals faced with Employment and Labour issues in Canada.
Osler's Raising Capital in the United States is a comprehensive guide for Canadian companies looking to access the U.S. capital markets under the Multi-jurisdictional Disclosure System (MJDS).
Osler colleagues share their observations on Canadian capital markets in 2010 and also their predictions for 2011, commenting on the topics they feel will most benefit our clients as we move into the year ahead. Topics include: Foreign investment in the wake of Potash; the success of the Mining industry in 2010; the mid-market as the driving force of Canadian M&A activity; buy-side shareholder votes; the increased role of litigation in M&A tactics and strategy; the IPO environment in 2010 and beyond; high yield debt as a new source of capital in Canada; important considerations regarding shareholder activism; and the increasing power (and responsibility) of Boards and Special Committees.