For corporate governance process-related matters, in addition to the legislative requirements under applicable statutes (e.g., Bank Act, …
To ban or not to ban waivers of a consumer’s right to participate in a class action? U.S. Senate vote underscores policy divide
Last week, the U.S. Senate voted to overturn a recently released Consumer Financial Protection Bureau (“CFPB”) rule that would have prohib…
Class action risks for initial coin offerings
Discussions surrounding the legal risks of initial coin offerings (ICOs) typically focus on the risk of regulatory action for failure to comply with s…
Ontario court refuses to certify negligence class action against underwriters
In its recent decision in LBP Holdings Ltd. v Hycroft Mining Corporation, 2017 ONSC 6342, the Ontario Superior Court of Justice dismissed a m…
OBSI complaint volumes on the rise
On October 30, 2017, Ombudsman for Banking Services and Investments released its first quarterly OBSI e-news publication, highlighting key statis…
OSC alleges legal assistant involved in insider trading
The Ontario Securities Commission has issued a statement of allegations against a former legal assistant at a major Bay Street law firm and three othe…
The Court of Appeal asserts jurisdiction over absent foreign claimants in Canadian class action
In cases involving international investigations and enforcement actions, it is now common for class plaintiffs to seek collective relief on behalf cla…
OFAC announces sanctions settlement against Canadian company’s U.S. parent
On October 5, 2017, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) announced a $372,465 settlement with BD…
New enforcement regime changes risk profile for pension plans
Administrative monetary penalties (“AMPs”) are coming to the regulated pensions sector in Ontario. The recently published “Adm…
In memoriam Keatley Surveying: A retrospective on lessons learned
After seven years of litigation, Keatley Surveying Ltd. v. Teranet Inc. is no more (unless the plaintiff attains leave to appeal to the Supre…
