Capital Markets Capital Markets

Exchangeable share structures – an overview

Exchangeable share structures have been a fixture in structuring cross-border share exchange mergers and acquisitions involving Canadian corporations...

Federal government issues updated guidelines on national security review of foreign investments

On March 24, 2021, the Minister of Innovation, Science and Industry released a statement accompanying an updated version of the Guidelines on the...

Ontario Capital Markets Modernization Taskforce Final Report: A set of thoughtful ideas or a blueprint for change?

The Ontario Capital Markets Modernization Taskforce (the “Taskforce”) published its final report on January 22, 2021 (the...

Regulators forced to respond to GameStop Corp.’s historic yo-yo

Wall Street has been in a state of disorder in recent weeks as the share price of brick and mortar retailer GameStop Corp. (“GameStop”)...

OSC seeks input on priorities for 2021-2022

The Ontario Securities Commission (“OSC”) recently issued its 2021-2022 Draft Statement of Priorities for comment (the “Draft...

Reducing the regulatory burden: Positive changes in corporate and securities law

There were a number of significant developments in the corporate and securities landscape in Canada in 2020 arising from regulatory amendments,...

U.S. securities law developments in 2020

In 2020, the Securities and Exchange Commission (SEC) continued to focus on streamlining and modernizing disclosure requirements and expanding access...

The rules they are a-changin’: Corporate governance developments in 2020

The unprecedented upheaval in the personal and work lives of Canadians and people worldwide resulting from the COVID-19 pandemic has not slowed down...

Novel hybrid debt issuances by Canadian banks

Hybrid debt is debt with embedded equity features that are added to meet requirements imposed by a regulator, rating agency or some other third party...