Risk Management and Crisis Response Risk Management and Crisis Response

UK SFO Speeding Up Investigations

The Director of the U.K.’s Serious Fraud Office (the “SFO”) – the U.K’s primary enforcement authority for economic...

Individual defendant receives three-year sentence for Canadian corruption conviction

On December 17^th, 2018, Quebec’s Superior Court of Justice sentenced Yanaï Elbaz, a former senior manager of the McGill University...

Alberta Securities Commission implements whistleblower program

On November 20, 2018, the Alberta Securities Commission (ASC) announced the creation of its whistleblower program and the Office of the Whistleblower...

DOJ launches FCPA investigation into Major League Baseball

The U.S. Department of Justice (the DOJ) has reportedly commenced an investigation into Major League Baseball centering on alleged Foreign Corrupt...

Deferred Prosecution Agreements (DPAs) come into force in Canada

On September 19, 2018, amendments to Criminal Code came into force establishing for the first time a Deferred Prosecution Agreement (DPA) regime for...

Ontario and Québec regulators join the “Global Sandbox”

On August 7, 2018, the United Kingdom’s Financial Conduct Authority (FCA) announced the creation of the Global Financial Innovation Network...

Alberta Securities Commission dismisses application for interim cease trade order against shortseller for disparaging tweets

On August 15, 2018, a two-member panel of the Alberta Securities Commission (“ASC”) dismissed an interim cease trade application by ASC...

Tesla CEO Elon Musk’s tweet raised alarms about a potential securities violation

On August 7, Tesla co-founder and CEO Elon Musk tweeted “Am considering taking Tesla private at $420. Funding Secured.” Mr. Musk has a...

200 tips in two years: The continued progress of the OSC’s Whistleblower Program

On June 29, 2018, the Ontario Securities Commission (“OSC”) released an update detailing the progress of its Whistleblower Program. As we...

Nike withdraws from supplying Iranian World Cup Team over sanctions concerns

Nike announced on June 11, 2018 that it would withdraw from supplying shoes to players on the Iranian national soccer team as a result of U.S....