Cy-près funds are not for individual class members’ benefit, finds Ontario Court

In cases where it is not possible or practical to give all of the money from a class action settlement directly to class members, or where funds are...

Biancaniello v. DMCT LLP: Interpretation of negotiated contract reviewed on a correctness standard because appeal raised question of public importance

In Biancaniello v. DMCT LLP, the Court of Appeal for Ontario applied the correctness standard of review on an appeal involving the interpretation of...

Regulators focusing attention on token sales using digital currencies

An investigation report released last week by the Securities and Exchange Commission strongly signals that the SEC views Initial Coin Offerings...

OSC releases long-awaited decision in Sino-Forest case

Six years after short seller Muddy Waters issued a report damning Sino-Forest Corporation as a fraud and a Ponzi scheme, the Ontario Securities...

Securities Commission staff raise the bar for conflict transactions

Staff of the securities regulatory authorities in each of Ontario, Québec, Alberta, Manitoba and New Brunswick have indicated that they intend to...

Supreme Court releases much-anticipated Chippewas and Clyde River decisions

On July 26, 2017, the Supreme Court of Canada released unanimous judgments in the companion appeals of Hamlet of Clyde River (Hamlet) v Petroleum...

Ontario Court refuses to convert individual action into class proceeding

In its recent decision in Lou v London Life Insurance Company, 2017 ONSC 4188, the Ontario Superior Court of Justice dismissed a motion to convert an...

VC and PE firm codes of conduct

Recent events at certain venture capital (VC) firms in Silicon Valley have brought into focus the importance of VC and private equity firms adopting...

Protection de la vie privée et lutte contre les pourriels 101 pour les entreprises émergentes

Les entreprises émergentes font face à une panoplie de questions relatives à la protection de la vie privée et à la lutte contre les pourriels...

Ontario Court of Appeal breathes some life into anti-corruption pursuits

On July 6, 2017, the Ontario Court of Appeal upheld Canada’s first conviction under the Corruption of Foreign Public Officials Act (the...