Risk Management and Crisis Response Blog Risk Management and Crisis Response Blog

Turning the Page? SNC Pleads Guilty to Fraud Relating to Libya Work; Former Executive Sentenced for Fraud, Corruption

On December 18, 2019 a division of SNC-Lavalin Group Inc. pleaded guilty to fraud  in relation to the company’s activities in Libya, to...

Ontario government releases fall economic statement: Modernizing financial services

On November 6, 2019, the Ontario government released its fall economic statement, 2019 Ontario Economic Outlook and Fiscal Review: A Plan to Build...

‘Green’ governance: CSA outlines expectations regarding governance disclosure and practices in the cannabis sector

Regulatory and legal risks abound in developing business areas, such as the recently legalized cannabis industry in Canada. One of the key challenges...

OSC issues anticipated Burden Reduction Initiative Report

Earlier this week, the Ontario Securities Commission (OSC) issued its long-awaited Report on the work of the Burden Reduction Task Force (the...

OBSI reports rise in investment industry complaints

The Ombudsman for Banking Services and Investments (OBSI) reported a surge in the number of investment-related complaints in the second quarter of...

B.C. Securities Commission investigating two cryptoasset trading platforms

On November 4, 2019, the British Columbia Securities Commission (BCSC) publicly disclosed ongoing investigations into two cryptoasset trading...

Amendments to British Columbia’s Securities Act expand enforcement powers

On October 21, 2019, British Columbia introduced Bill 33 (Securities Amendment Act, 2019), which provides for substantial amendments to the British...

Board and executive diversity remains a focus for regulators: CSA releases its report on women on boards and in executive officer positions

On October 2, 2019, the CSA released its fifth annual report on women on boards and in executive officer positions (the CSA Report). The CSA...

CBC lawsuit against CPC raises questions about use of copyrighted media content in partisan election advertisements

The CBC has commenced a court proceeding against the Conservative Party of Canada (“the CPC”) and others alleging that their unauthorized...

Settlement establishes compensation fund for PlexCoin ICO investors

A U.S. District Court has approved a settlement between the Securities and Exchange Commission (SEC) and the directing minds behind the PlexCoin...