Novel hybrid debt issuances by Canadian banks

Hybrid debt is debt with embedded equity features that are added to meet requirements imposed by a regulator, rating agency or some other third party...

Force majeure clauses: Contractual risk allocation and the COVID-19 pandemic

Owing to the COVID-19 pandemic, the force majeure clause has entered what will hopefully be its only heyday.

Evolving capital markets regulatory enforcement

Even prior to the impacts of COVID-19, change was on the horizon for capital markets enforcement in 2020.

Key developments in white-collar defence

This year was marked by uncertainty and increased risk for businesses as a result of the COVID-19 pandemic.

Flexibility in the financial market in response to major changes

This year, financial market participants have been subject to many unprecedented changes that have forced them to show a great deal of flexibility....

Financial services regulation in 2020: Convergence, disruption and acceleration

The year 2020 can be divided into three phases: pre-COVID-19 pandemic; the initial COVID-19 phase which was marked by short-term emergency measures;...

Enhanced foreign investment scrutiny and a busy year for the Competition Bureau

The Canadian government’s approach to reviews of foreign investment and competition matters is in large part unchanged as a result of the ongoing...

CUSMA comes into force and Biden is elected President: Calmer seas ahead for U.S.-Canada trade?

After a rocky 2019, global trade faced another challenging year in 2020 with the COVID-19 pandemic and continued aggressive trade actions by the...