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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...

Shareholders divided on proxy access

A shareholder proposal requesting that the board of directors take steps to adopt a “proxy access” by-law was considered at the annual meetings...

You’ll just have to settle for less — SEC shortens settlement window to T+2

On March 22, 2017, the U.S. Securities and Exchange Commission amended its rules under the Securities Exchange Act of 1934 to shorten the standard...

Fairness Opinions after InterOil

The Supreme Court of Yukon recently issued its reasons for approving Exxon Mobil’s acquisition of InterOil. Issuers and financial advisors should...

SEC “tags” public companies using IFRS with XBRL reporting requirements

The U.S. Securities and Exchange Commission made a long-awaited update to its requirement for public companies to provide a version of their...

Supreme Court of Canada clarifies the remedy of rectification in Canadian tax cases

On December 9, 2016, the Supreme Court of Canada released two much-awaited decisions in Fairmont and in PJC that clarified the scope of the remedy...

SPACs seek to complete qualifying acquisitions

We also expect there will be further developments in practice as the existing SPACs move to complete their qualifying acquisitions. Market...