Following a recommendation from the province’s Capital Markets Modernization Taskforce, Ontario is proposing to ease the requirements for the Ontario …
Proposed amendments would allow email summons from the Ontario Securities Commission
Québec insider trading decision discusses transactional certainty for the materiality criterion
The Financial Markets Administrative Tribunal considered insider trading allegations around a proposed takeover of a Canadian energy company.
‘Working for workers’ means more work for employers
The Ontario Ministry of Labour, Immigration, Training and Skills Development is proposing significant changes to the requirements of job postings that…
Aggressive enforcement by securities regulators continues
A recent decision of the Supreme Court of British Columbia granted a Mareva injunction, freezing the assets of the defendant. The required preparation…
Waiving goodbye to your arbitration agreement: the pitfalls of seeking substantive relief from a court
A recent decision of the Court of Appeal for Ontario highlights the implications of seeking substantive relief from a court with respect to the merits…
The OSC’s new proposal to distribute funds from disgorgement orders to harmed investors
The Ontario Securities Commission (OSC) has published proposed rules that outline the procedure the OSC and harmed investors must follow for the funds…
Settlement surprise: Québec courts reject class action settlements
In recent months, Québec courts have demonstrated a rigorous approach to the approval of class action settlements, underscoring their commitment to pr…
Failing to ensure compliance throughout your operations: lessons from the Chiquita Banana case
A recent jury verdict in Florida ordered Chiquita Brands International to pay US$38.3 million to the family members of eight men killed in Colombia by…
‘Deal with this escape hatch’ – B.C. Securities Commission calls for bankruptcy law reform following Supreme Court of Canada decision
The recent decision in Poonian v. British Columbia has prompted the B.C. Securities Commission to call for bankruptcy law reform.
Supreme Court of Canada decision impacts Securities Commissions’ ability to collect from bankrupt transgressors
On July 31, 2024, the Supreme Court of Canada ruled on whether financial sanctions imposed by securities regulators are dischargeable through bankrupt…
