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Blog November 18, 2016

FSRA, Ontario’s new pensions regulator, takes shape

On November 16, the Ontario government introduced draft framework legislation to establish a new financial services and pensions regulator,...

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Blog November 18, 2016

SEC Agrees to $11.8 Million Settlement with Auditor for Alleged Audit Failures

In October 2016, the U.S. Security and Exchange Commission (“SEC”) announced Ernst & Young LLP agreed to pay $11.8 million...

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Osler Update November 18, 2016

InterOil Decision – Implications for Fairness Opinions, Disclosure and Corporate Governance in Sale Transactions

The Yukon Court of Appeal blocked Exxon Mobil's proposed US$2.3 billion acquisition of InterOil, in a decision with potentially significant...

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Blog November 17, 2016

“Who Did I make a Deal with?”: Quebec Court Authorizes Consumer Class Action for False Representations Against a Franchisor

In the recently decided case Cantin c. Ameublements Tanguay inc., 2016 QCCS 4546 (the “Cantin Case”), the Superior Court of Quebec...

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Blog November 17, 2016

Richmond Hill (Town) v Elginbay Corporation: Statutory Uncertainty Required for Deference to Tribunal

In its decision in Richmond Hill (Town) v Elginbay Corporation, 2016 ONSC 5560 the Ontario Divisional Court noted that in order for a tribunal’s...

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Osler Update November 17, 2016

The SEC’s universal proxy proposal: How it affects Canadian companies and investors

The SEC has proposed amendments to its proxy rules that are designed to allow shareholders using the proxy system to vote for their choice of a...

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Blog November 15, 2016

On the Path to Change: Ontario Fall Economic Statement 2016

The direction of pensions law in Ontario just became a little clearer. In its Fall Economic Statement released on November 14, 2016, the Government...

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Blog November 11, 2016

U.S. Department of Labour Fiduciary Rule Survives First Legal Challenge

On November 5, 2016, the United States Department of Labour (the “DOL”)’s Fiduciary Rule for retirement accounts survived the first...

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Blog November 11, 2016

Bill C-27 to add annuity purchase provisions to the PBSA

On October 19, 2016, Bill C-27 was introduced in the House of Commons.  The big news from the introduction was that Bill C-27, if passed, would...

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Blog November 9, 2016

No need for a “Plain Jane Plaintiff”: Pre-Certification Discovery and Challenging the Representative Plaintiff

Just how “representative” should a representative plaintiff be? That question was at the heart of a pre-certification discovery motion in...

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