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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...

Division continues amongst Canadian securities regulators regarding best interest standard

Amid division across the Canadian securities regulators, the Ontario Securities Commission appears determined to move forward with a best interest...

Canada’s federal banking regulator releases advisory on the use of the Bank Words: Implications for FinTechs, credit unions and other financial services providers

On June 30, 2017, the Canadian banking regulator, the Office of the Superintendent of Financial Institutions, issued an advisory that sets out how...

U.S. Supreme Court to provide needed clarity on whistleblower protections

On June 26, 2017, the United States Supreme Court greenlit an appeal that will address the definition of a “whistleblower” under the U.S....

U.S. Supreme Court restrains SEC disgorgement powers

Earlier this month, a unanimous Supreme Court of the United States held that in SEC enforcement proceedings, claims for disgorgement must be...

Let’s make a deal[er] – 2016 a record year for MFDA enforcement activity

In a May 26, 2017 press release, the Mutual Fund Dealers Association of Canada (“MFDA”) announced its 2016 Annual Enforcement Report,...

SEC awards whistleblower reduced amount citing whistleblower culpability

In a recent order, the United States Securities and Exchange Commission made an order awarding  a whistleblower 20%  of any money collected...

New corporate criminal liability in the UK for “failure to prevent” tax evasion and other economic crimes: How will it affect Canadian businesses?

The accountability of corporate entities for financial wrongdoing is a hot topic for the UK Government right now, particularly in the wake of a...

UK Court holds counsel’s interview notes during internal investigation are not privileged

In a decision released on May 8, 2017, London’s High Court held that interview notes and working papers prepared by a company’s external...

Nearly three years later, Tesco continues to deal with the fallout from its accounting scandal

In September 2014, prominent British retailer Tesco PLC found itself in crisis following its announcement that it had overstated its profit...