Ashley Light

New Take-Over Bid Regime

The Canadian Securities Administrators have published fundamental amendments to the take-over bid regime that are expected to come into force on May...

CSA Adopt Incremental Amendments to Early Warning Regime – Reporting Threshold Stays at 10%

The Canadian Securities Administrators have adopted amendments to the “early warning” reporting regime (the Amendments) that are expected to...

Avoiding Settlement Stumbling Blocks: Boilerplate Language Not Sufficient

The latest class action settlement approval in Leslie v Agnico-Eagle Mines warns that courts may be willing to intervene to ensure a more adversarial...

New Offshore Liability Regime Effective February 26, 2016

Significant changes to Canada’s offshore liability regime will come into effect on February 26, 2016.

U.S. Treasury Releases New Model Tax Treaty

The U.S. Treasury has released a revised model bilateral income tax treaty (the 2016 Model Treaty) which is a significant update to the 2006 model...

US Supreme Court Agrees to Hear Challenge to Salman Insider Trading Decision

The U.S. Supreme Court has agreed to hear the challenge to the Ninth Circuit Court of Appeal’s decision in United States v. Salman, a case that...

Canada’s Patent Regime Forecloses Civil Actions by Consumers in British Columbia

Canada’s patent laws are a complete code giving consumers no right to independent civil actions. This was the conclusion of the British Columbia...

OSC Reaches No-Contest Settlement with CI Investments

In a major development for securities law enforcement in Ontario, on February 10, 2016, the OSC announced its approval of a “no-contest”...

The Poseidon Adventure, Part II – Big Win for Bankers Confirmed On Appeal

The Ontario Court of Appeal has confirmed an important decision limiting the exposure of investment banks to secondary market misrepresentation class...