Effective April 1, 2013, important changes to the Ontario Securities Commission (the OSC) Rule 13-502 – Fees (the Rule), came into force. These changes introduced the concept of a “reference fiscal year” for purposes of calculating your Ontario capital markets participation fees.
Nov 6, 2013
Recent Alberta court decisions and provincial and federal legislative changes have altered the landscape and made significant changes to the regulatory approval process for resource developers.
Nov 5, 2013
On October 28, 2013, the Ontario Ministry of the Environment announced that it had reached a settlement with the former directors and officers of Northstar Aerospace whereby the former directors and officers agreed to pay $4.75 million for costs associated with the remediation of contaminated lands owned by the now-bankrupt company.
Nov 1, 2013
Earlier today, the Supreme Court of Canada released a trilogy of long-awaited class certification rulings that realigned the ground rules for the certification of consumer class actions in Canada, particularly in cases involving anti-competitive harm.
Oct 31, 2013
In Castonguay Blasting Ltd. v. Ontario (Environment), the Supreme Court of Canada unanimously upheld the conviction of a company involved in a blasting mishap for failing to report the discharge of a contaminant (fly-rock) into the natural environment (a neighbouring property).
Oct 18, 2013
On October 7, 2013, Minister of Industry James Moore announced that the “Government of Canada has concluded its review of Accelero Capital Holdings’ proposed acquisition of the Allstream division of Manitoba Telecom Services Inc. (MTS) under the national security provisions of the Investment Canada Act.
Oct 11, 2013
Multilateral Instrument 51-105 (MI 51-105) was adopted in 2012 by most of the provinces in Canada. It can cause an issuer that makes private placements into Canada to become subject to ongoing Canadian public company reporting obligations.
Volume 1, Number 7 – October 7, 2013
On September 26, 2013, the British Columbia Court of Appeal dismissed an appeal by the Stellat’en First Nation (Stellat’en) and confirmed that Crown consultation was adequate in granting the approvals for the Thompson Creek Metals Company Inc.’s (Thompson Creek) Endako mine expansion (Expansion).
Sept 30, 2013
On September 18, 2013, the Securities and Exchange Commission (SEC) released its proposal for additional executive compensation disclosure that, if adopted, will require U.S. domestic public companies to calculate and disclose in certain SEC filings (1) the annual total compensation of the company’s chief executive officer (CEO), (2) the median annual total compensation of all employees of the company, excluding the CEO, and (3) the ratio of those two amounts (collectively, the CEO Pay Ratio Disclosure).
Sept 26, 2013
Canada’s Competition Bureau (Bureau) today announced substantial revisions to their immunity and leniency policies’ FAQs. While the fundamental features of the programs do not change, new elements have been added signalling a more aggressive enforcement approach that could influence the decision to seek immunity or leniency in Canada.
Sept 25, 2013