Corporate and Securities Disputes Corporate and Securities Disputes

Ontario Capital Markets Tribunal clarifies considerations for a private placement in the face of an unsolicited takeover bid in Aimia

The OSC has provided helpful guidance in assessing whether a private placement undertaken in the face of a take-over bid is an improper defensive...

OSC settles allegations relating to cryptocurrency tokens

In a first, Ontario’s Capital Markets Tribunal has approved a settlement agreement related to the promotion and sale of cryptocurrency tokens....

Duty of procedural fairness that would be owed to witnesses in issuing summonses under the Securities Act is minimal

A recent British Columbia Court of Appeal decision confirmed that, amongst the very limited avenues that witnesses have to challenge a regulatory...

ESG and shareholder activism: key tips for issuers

Shareholder activism is on the rise in Canada. Investors are closely monitoring environmental, social and governance (ESG) related disclosure,...

Section 192 CBCA plans of arrangement – latest insights on virtual securityholder meetings and the solvency requirement

Plans of arrangement are an important, flexible tool for businesses to undertake various corporate transactions. We examine recent developments...

Abuse of process revisited? British Columbia Court of Appeal grants leave application from ruling of British Columbia Securities Commission

The British Columbia Court of Appeal will hear a case that raises important questions concerning how persons subject to prosecution by administrative...

B.C. Securities Commission program offers monetary awards for whistleblowing

The British Columbia Securities Commission has introduced a new Whistleblower Program to incentivize future whistleblowers to come forward by...

Widening the lanes? Supreme Court of Canada weighs in on the territorial reach of Québec’s securities regulatory tribunal

On November 17, the Supreme Court of Canada directly addressed for the first time the question of whether provincial administrative tribunals have...

Ontario court refuses to exclude U.S. shareholders from class: the ‘day of reckoning’ had not yet dawned

The Ontario Superior Court certified a global class in a securities class action against a Toronto-based company, even though U.S. shareholders who...

Lessons learned: Alberta Court refuses to approve plan of arrangement

A recent decision by the Court of King’s Bench of Alberta provides important guidance about how courts scrutinize whether an arrangement is fair...