Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 29 JUNE 2018

Peter Volk (Re), 2018 ONSEC 31 (Settlement Agreement)

Burnet, Duckworth & Palmer LLP
Explore more from Burnet, Duckworth & Palmer LLP

What follows is a summation of a settlement agreement entered into between the OSC and Peter Volk and is not the result of an OSC tribunal decision nor that of a recognized court in Canada.

CanadaCorporate/Commercial Law
Burnet, Duckworth & Palmer LLP
Burnet, Duckworth & Palmer LLP
Author LinkedIn connections

What follows is a summation of a settlement agreement ("Settlement Agreement") entered into between the Ontario Securities Commission ("OSC") and Peter Volk ("Volk") and is not the result of an OSC tribunal decision nor that of a recognized court in Canada. The Settlement Agreement is based on facts that are perhaps even an expansion of the circumstances of the Lambert settlement agreement with the Alberta Securities Commission. For an overview of the Lambert decision, see Schedule "A" attached hereto.

The Settlement Agreement

Volk was the general counsel to Pacific Rubiales Energy Corporation (currently named Frontera Energy Corporation ("Pacific")) from 2004 to March 2018. Pacific is a Canadian oil and gas company whose common shares trade on the Toronto Stock Exchange. Volk was investigated by the OSC over concerns regarding his trading in Pacific debentures at a time when Pacific was involved in a due diligence process regarding its potential acquisition by

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

October 2026 Amendments To Chambers Practice In British Columbia: What To Know

The amendments were developed with the input of stakeholders, including members of the judiciary, the legal profession, government ministries and the public, in response to ongoing concerns regarding chambers delays, scheduling inefficiencies, inaccurate time estimates, and matters that are set down for hearing but ultimately do not proceed as scheduled
CanadaCorporate/Commercial Law
Singleton Urquhart Reynolds Vogel LLP
Singleton Urquhart Reynolds Vogel LLP
Article

The Compliance Judges’ Scorecard: OSC RIE Division 2026 Annual Report

Cybersecurity, artificial intelligence, fee practices and the quality of regulatory filings feature prominently in the Ontario Securities Commission’s (OSC) latest account of its registration and examination work. OSC Staff Notice 33-762, released on October 7, 2026, reports on the Registration, Inspections and Examinations Division’s (RIE) activities for the fiscal year ended March 31, 2026 (Staff Notice).
CanadaCorporate/Commercial Law
Borden Ladner Gervais LLP
Borden Ladner Gervais LLP
Article

Be Careful What You Sign: Non Est Factum Remains A Difficult Defence To Establish

A recent British Columbia Supreme Court case reaffirms that non est factum—the legal doctrine allowing parties to void contracts signed under fundamental misapprehension—remains an exceptionally narrow defence. When guarantors attempted to escape liability by claiming limited English proficiency and misunderstanding the unlimited nature of their guarantees, the court rejected their defence, emphasizing that parties cannot avoid contractual obligations simply because they failed to seek proper
CanadaCorporate/Commercial Law
Watson Goepel LLP
Watson Goepel LLP
Article

Charity And NPO Insights: Key Committee Recommendations For The 2026 Federal Budget

In September 2026, the House of Commons Standing Committee on Finance (the Committee) released its recommendations for the 2026 Federal Budget. While these recommendations do not form part of the Budget itself, they provide insight into current political policy priorities and proposals that may be reflected in future legislative and fiscal initiatives. In this article, we highlight several recommendations of particular relevance to charities and not-for-profit organizations, with a specific focus on the proposed social sector fund.
CanadaCorporate/Commercial Law
Cassels
Cassels
Article

AUM Law Regulatory Update Newsletter: Brief News (October 2026)

The Canadian Investment Regulatory Organization (CIRO) is developing a series of three targeted compliance bulletins to help Dealer Members and Approved Persons apply the Client Focused Reforms (CFRs) in practice. The bulletins build on Joint CSA/CIRO Staff Notice 31-368 Client Focused Reforms: Review of Registrants’ Know Your Client, Know Your Product and Suitability Determination Practices and Additional Guidance, and respond to recurring deficiencies and areas of uncertainty identified through compliance examinations.
CanadaCorporate/Commercial Law
Borden Ladner Gervais LLP
Borden Ladner Gervais LLP