Recent developments in U.S. leveraged finance – November 2017

The fourth quarter of 2017 has given rise to at least three developments of interest to the U.S. leveraged lending community.

Ontario court refuses to certify negligence class action against underwriters

In its recent decision in LBP Holdings Ltd. v Hycroft Mining Corporation, 2017 ONSC 6342, the Ontario Superior Court of Justice dismissed a motion to...

OBSI complaint volumes on the rise

On October 30, 2017, Ombudsman for Banking Services and Investments released its first quarterly OBSI e-news publication, highlighting key...

Construction Lien Act Reform: What it means for CIQS members

The upcoming reform of the Construction Lien Act, expected to take effect in the coming months, will fundamentally alter the dynamics of the...

Ontario proposes legislation to prepare for the federal legalization of cannabis

The proposed legislation would also amend the Highway Traffic Act to address, among other matters, drug-impaired driving.

Osler National Blockchain & Investment Summit – Panel 1

Join us for an insightful webinar on the future of Blockchain-enabled venture capital investing, the functionality of initial coin offerings and the...

The SCC considers who bears the risk of a fraudulent cheque: the drawer or the bank?

In Teva Canada Ltd. v. TD Canada Trust, the Supreme Court of Canada clarified the “fictitious” or “non-existent” payee defence to the tort of...

Canadian government eliminates facilitation payments exclusion in the Corruption of Foreign Public Officials Act

As of October 31, 2017, facilitation payments will no longer be excluded from the bribery offence under Canada’s Corruption of Foreign Public...

OSC alleges legal assistant involved in insider trading

The Ontario Securities Commission has issued a statement of allegations against a former legal assistant at a major Bay Street law firm and three...

Diversity on boards must change more quickly – Policy Options

Diversity on boards is improving slowly. Now all boards with four or more directors should be mandated to have at least one woman.