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On July 17, 2023, Canadian Securities Administrators (CSA) announced updated exemptions from certain securities law filing requirements in connection with the transition from the existing System...

Partnerships can be structured in the form of a general partnership or limited partnership. In most general partnerships, each partner is fully liable for the debts, liabilities, and obligations...

The Ontario Securities Commission (OSC) has released its annual draft Statement of Priorities for 2024-2025 (SoP).

Often, when the parties to a financing are discussing priorities or intercreditor arrangements, there tends to be a simplistic view taken of these agreements.

On May 26, 2010, the Government of Canada released a proposed federal "Securities Act" and concurrently referred the Act to the Supreme Court of Canada for an opinion on whether it falls within the legislative authority of the Parliament of Canada.

In a recent decision, the Québec Court of Appeal affirmed that there are strong public policy reasons to uphold the contractual rights of full-service investment dealers under margin agreements.

Investors who beneficially own more than 5% of a class of voting equity securities of an SEC-registered issuer may need to file a report with the SEC by February 17, 2009.

In recent weeks, proposals to adopt “say on pay” have been approved at annual shareholder meetings or adopted by management at Canadian Imperial Bank of Commerce, Royal Bank of Canada, The Bank of Nova Scotia, Bank of Montreal, National Bank of Canada and the TMX Group Inc.

It is well established that having a personal guarantor obtain independent legal advice before signing a guarantee is not an essential element to the enforceability of a guarantee by a lender.

As we discussed in a previous bulletin, on June 21, 2012, the Canadian Securities Administrators published Consultation Paper 25-401: Potential Regulation of Proxy Advisory Firms (the "Consultation Paper") to provide a forum for discussion of certain concerns raised about the services provided by proxy advisory firms and their potential impact on Canadian capital markets and to determine if, and how, these concerns should be addressed by the CSA.

On August 14, 2013, the TSX Venture Exchange published policy amendments to replace certain temporary pricing relief measures related to private placements, which were implemented last year and set to expire on August 31, 2013.

On May 11, 2009, the OSC released a decision dismissing an application by Pala Investments Holdings Limited and its subsidiary to cease trade two shareholder rights plans of Neo Material Technologies Inc.

In the realm of mortgage enforcement, lenders who are faced with a borrower's default have an array of remedies at their disposal.

The Toronto Stock Exchange (TSX) recently issued Staff Notice #2013-0003 providing guidance to companies applying to list on the TSX.

Technology-led innovation in the Canadian financial sector is transforming the way Canadians access and use financial products and services.

The Canadian Securities Administrators (CSA) have released for comment a proposed multi-year pilot project that would allow certain venture issuers to voluntarily adopt semi-annual financial reporting (SAR Pilot)...

On December 18, 2014, the Investment Industry Regulatory Organization of Canada (IIROC) released its final Guidance Note 14-0299 (the Guidance), which sets out suggested principles and practices that should be followed by Dealer Members conducting due diligence in public securities offerings.