Osler Updates Osler Updates

News and insights from Osler’s market-leading Financial Services Group — April 2024

Osler’s national Financial Services Group is pleased to present its third newsletter.

Missed guidance: Canada’s new sanctions FAQs offer more questions than answers

Global Affairs Canada has quietly updated its FAQs to provide new guidance on Canada’s autonomous economic sanctions, including those related to...

No longer just tobacco and opioids: B.C. plans commencing more class actions to recover health care costs involving virtually any product

On March 14, 2024, the province of British Columbia proposed broad multi-government class action legislation to claim costs arising from...

Navigating aircraft security in Québec

The division of powers between federal and provincial jurisdictions in Canada empowers the provinces to exercise their legislative authority over...

CSA publishes updated guidance on ESG-related investment fund disclosure

On March 7, the Canadian Securities Administrators released expanded guidance on disclosure and sales communication practices for ESG-related...

New York Court of Appeals clarifies UCC Article 8 choice of law rules for validity of securities

A recent New York Court of Appeals decision regarding the validity of certain secured notes issued by Venezuela’s state oil company provides...

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...

PDAC 2024 delivers mixed signals as attendees look for answers to industry challenges

PDAC 2024 kicked off with a strong start with large crowds and a buzz of optimism seeking answers to industry challenges.

Guide to new Canadian trust reporting rules

New rules expand which trusts have to file Canadian returns and what information is required. The first reporting deadline under the new rules is...

Department of Finance releases consultation papers on patent box regime and SR&ED

The Department of Finance opened two consultations regarding a new patent box regime and the existing SR&ED program with comments due by April 15.