New guidance for referring to a TSX listing application in a prospectus or other document

The TSX has issued new guidance explaining when and how issuers can refer to an application to list securities on the TSX in a prospectus or other...

Wellman v. TELUS: Supreme Court grants leave to appeal

On March 22, 2018, the Supreme Court of Canada granted leave to appeal the Ontario Court of Appeal’s decision in Wellman v. TELUS. The Supreme...

Court of Appeal for Ontario imposes costs where lack of jurisdiction was clear

In Benarroch v. Abitbol, the Court of Appeal for Ontario recently fixed substantial indemnity costs at $22,000 for a motion to quash an appeal for...

Poison pills under the new bid regime: lessons & questions flowing from Canada’s largest cannabis M&A deal to date

On March 15, 2018, the OSC and the Financial Consumer Affairs Authority of Saskatchewan issued their reasons for the Aurora-CanniMed decision.

Private equity’s untapped opportunity in Canadian franchising

Private equity firms are showing an increased interest in acquiring Canadian franchise systems.

Regulators on both sides of the border pursue initiatives focused on investment adviser conflicts of interest

On February 12, 2018, the U.S. Securities and Exchange Commission (“SEC”) announced a new self-reporting initiative that seeks to protect...

Law Commission of Ontario launches consultations for its Class Actions Reform Project

The Law Commission of Ontario (LCO) just released its first consultation paper on class actions, and launched a province-wide consultation process...

U.S. Bancorp pays $613-million for deficient AML measures

On February 12, 2018, U.S. Bancorp (“USB”) – the parent company of U.S. Bank and the fifth largest bank in the United States...

Québec Beekeepers’ class action is authorized

On February 20, 2018, the Québec Superior Court granted an application on behalf of the beekeepers of Québec for authorization to institute a class...