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Offshore Oil Royalty Regulations effective November 1, 2017

On November 1, 2017, the Province of Newfoundland and Labrador promulgated the Offshore Oil Royalty Regulations. We focus on three items that any...

Recent developments in U.S. leveraged finance – November 2017

The fourth quarter of 2017 has given rise to at least three developments of interest to the U.S. leveraged lending community.

Construction Lien Act Reform: What it means for CIQS members

The upcoming reform of the Construction Lien Act, expected to take effect in the coming months, will fundamentally alter the dynamics of the...

Ontario proposes legislation to prepare for the federal legalization of cannabis

The proposed legislation would also amend the Highway Traffic Act to address, among other matters, drug-impaired driving.

The SCC considers who bears the risk of a fraudulent cheque: the drawer or the bank?

In Teva Canada Ltd. v. TD Canada Trust, the Supreme Court of Canada clarified the “fictitious” or “non-existent” payee defence to the tort of...

Canadian government eliminates facilitation payments exclusion in the Corruption of Foreign Public Officials Act

As of October 31, 2017, facilitation payments will no longer be excluded from the bribery offence under Canada’s Corruption of Foreign Public...

Diversity on boards must change more quickly – Policy Options

Diversity on boards is improving slowly. Now all boards with four or more directors should be mandated to have at least one woman.

CSA issues guidance on cybersecurity and social media practices for registered firms

New guidance on cybersecurity and social media practices for registered dealers, advisors and investment fund managers was recently issued by the...

Federal Court of Appeal’s Univar decision provides guidance on how to apply the GAAR

On October 13, 2017, the Federal Court of Appeal released its highly anticipated decision in Univar, finding that the General Anti-Avoidance Rule...

TSX issues final rules for corporate governance website disclosure and disclosure of security-based compensation arrangements

The Toronto Stock Exchange (TSX) has issued final amendments to the Company Manual relating to corporate governance website disclosure and disclosure...