The Court of Appeal for Ontario has recently found another exception to the post-Sattva deference applicable to the interpretation of non-sta…
“Wake-up call” for Australian Boards: Regulator identifies shortcomings in Bank’s practices
In the wake of the 2008 financial crisis and revelations concerning Wells Fargo’s sales practices, numerous reviews have been launched by regula…
Ontario pension reforms – Where are they now?
The pace of pension reform in Ontario has been fast-moving since the release of the Ontario Budget on March 28, 2018 (the “Budget”). Among…
OSC reaches settlement with former legal assistant who tipped on major M&A transactions
On April 20, 2018, the Ontario Securities Commission (OSC) reached a settlement with Donna Hutchinson, a former legal assistant, for providing a frien…
Tainted duty of care analysis infected listeria class action, Court of Appeal finds
A manufacturer’s breach of its duty to supply products of merchantable quality to consumers does not necessarily entitle third parties within th…
Sixteen years later, proposed class action dismissed for delay
Class actions in Canada routinely lie dormant for years. In Smith v. Armstrong et al. (Smith), the Ontario Superior Court of Justice…
New compensation rules will affect all Ontario employers
Shortly before the Ontario legislature closed for business pending the outcome of the June 7 election, Ontario enacted Bill 3, which imposes new oblig…
Conference update: Virtual currency exchanges, beneficial ownership and other developments in Canadian anti-money laundering regulations
On February 7, 2018, the Canadian federal government had released a consultation paper for comments that has potentially far-reaching implications for…
Alberta Securities Commission to allow no-contest settlements in some cases
On Friday, May 4, 2018, the Alberta Securities Commission (“ASC”) announced an addition to the Credit for Exemplary Cooperation in Enf…
Ontario Securities Commission places mutual fund sales practices under scrutiny again
As part of a recent Settlement Agreement, the Ontario Securities Commission has ordered 1832 Asset Management LP (“1832”), a Toronto-based…
