Lawrence E. Ritchie Lawrence E. Ritchie

Canada drops from Top 10 Least Corrupt Countries in Transparency International Annual Corruption Perceptions Index

On January 23, 2020, Transparency International (TI) released its annual Corruption Perceptions Index (CPI), reporting that Canada had dropped four...

FCPA developments: Glencore, Ericsson and increasing regulatory enforcement

Regulators in both the U.S. and the UK have recently undertaken significant enforcement action against companies for alleged violations of foreign...

Greater clarity on Prohibited Insider Trading in the United States?

Canadian securities legislation explicitly prohibits trading by insiders who possess material non-public information (MNPI). However, notwithstanding...

Déjà vu all over again: SEC lays fraud charges against former Portus co-founder Boaz Manor

Boaz Manor – the co-founder of the failed investment manager Portus Alternative Asset Management Inc. (“Portus”) – finds...

Turning the Page? SNC Pleads Guilty to Fraud Relating to Libya Work; Former Executive Sentenced for Fraud, Corruption

On December 18, 2019 a division of SNC-Lavalin Group Inc. pleaded guilty to fraud  in relation to the company’s activities in Libya, to...

Key developments in capital markets regulatory and white-collar defence

The year was marked by regulatory, legislative and political activity that significantly impacted the white-collar and capital markets regulatory...

Financial services regulation: Toward integrated consumer protection initiatives

In the decade that immediately followed the financial crisis, financial services regulatory reform largely focused on solvency and capital adequacy.

Ontario government releases fall economic statement: Modernizing financial services

On November 6, 2019, the Ontario government released its fall economic statement, 2019 Ontario Economic Outlook and Fiscal Review: A Plan to Build...

‘Green’ governance: CSA outlines expectations regarding governance disclosure and practices in the cannabis sector

Regulatory and legal risks abound in developing business areas, such as the recently legalized cannabis industry in Canada. One of the key challenges...

OSC issues anticipated Burden Reduction Initiative Report

Earlier this week, the Ontario Securities Commission (OSC) issued its long-awaited Report on the work of the Burden Reduction Task Force (the...