Capital Markets Capital Markets

Proposed Draft Legislation for Investment Limited Partnerships

The Department of Finance released draft legislation to amend the Excise Tax Act (Canada), which will likely have a significant impact on private...

Securities Commission staff raise the bar for conflict transactions

Staff of the securities regulatory authorities in each of Ontario, Québec, Alberta, Manitoba and New Brunswick have indicated that they intend to...

Supreme Court clarifies test for personal liability of directors for oppressive conduct

In its decision released today in Wilson v Alharayeri, the Supreme Court of Canada affirmed the test as to when liability may be assigned to...

The Eco Oro decision – OSC invokes broad jurisdiction in effectively neutralizing a private placement

The Ontario Securities Commission recently released its reasons for overturning a decision by the Toronto Stock Exchange conditionally approving a...

Canada publishes bail-in regulations

On June 16, 2017, the Canadian federal government published its draft bail-in regulations for public comment. This Update offers a detailed overview...

Securities and Related Investigations – Canada

We answer a wide range of questions related to the law and practice of securities investigations in Canada.

Québec Court of Appeal finds aspects of the proposed co-operative capital markets model unconstitutional

The Québec Court of Appeal has concluded that while the governance framework for the co-operative capital markets regulatory regime is...

PPSA debtor notices: The notice may not be in the mail

The effect of the amendment is to allow the debtor to waive the requirement in the PPSA for a secured party to provide a copy of a verification...

Court rejects U.S. pension claim in Canadian CCAA proceeding

In a precedent-setting decision, Justice Fitzpatrick of the B.C. Supreme Court held that a U.S. multi-employer pension plan’s claim for $1.25...