At its annual meeting on February 15, the Canadian Bar Association (“CBA”) passed a resolution approving a revised &ldquo…
Changes to Montreal’s class action division shows move toward harmonization with Ontario procedure
Earlier this year, the Superior Court of Quebec Chief Justice Jacques Fournier and Justice Pierre-C. Gagnon announced changes to the class action divi…
European Union proposes whistleblower protections
In a significant development for businesses with a presence in the European Union, the EU issued a proposal on April 23, 2018 for new legislation that…
Peace of mind may not be priceless: Québec Court of Appeal authorizes extended warranty class action claiming exploitation of the consumer
On March 22, 2018, the Québec Court of Appeal rendered judgment in the matter of
Ontario’s 2018 budget emphasizes expanded consumer and investor protection tools
On March 28, 2018, the Ontario Liberal government released its 2018 budget (the 2018 Budget). As part of a broader emphasis on consumer and investor p…
Canada publishes final bail-in regulations
On March 27, 2018, the Government of Canada released the final version of the bail-in regulations under the Bank Act and the CDIC Act (B…
U.S. financial industry “eagerly” awaits SEC’s best interest standard
While in Canada division continues over the issue of “best interest” in the financial advisory industry the U.S. national securities …
Canadian financial sector legislation renewal – Amendments to Bank Act, Insurance Companies Act and Trust and Loan Companies Act
In February 2018, the Canadian federal government had indicated, as part of its budget plan, that it intends to modernize the financial sector framewo…
LBP Holdings Ltd. v. Hycroft Gold Corp.: Leave required to appeal certification order excluding defendants
In LBP Holdings Ltd. v. Hycroft Gold Corp. et al., Justice Thorburn held that leave to appeal to the Divisional Court was required under s. 3…
Compliance update – deferred prosecution agreements finally come to Canada
The Canadian federal government released Bill C-74 on March 27, 2018. Bill C-74 (a 500-page plus document) proposes amendments to several statutes to …
