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The concept of Time Value of Money is a principle financial theory that underlies the fields of business valuation, damages quantification and corporate finance.

The Ontario government has proclaimed into force on December 31, 2005 the new Securities Act (Ontario) regime that gives securityholders who buy or sell securities on a stock exchange or other secondary markets a limited, statutory right to sue the company and its directors, management, controlling shareholders and others if the company’s continuous disclosure is improper.

Short-selling – a strategy where an investor bets that a company's shares will decline in price – plays an important role in our capital markets.

On January 19, 2022, the Canadian Securities Administrators (the "CSA") released Staff Notice 81-334 (the "Notice")[1] which clarifies regulations applicable to funds that incorporate or reference environmental...

The issue of whether something is a “material change” or a “material fact” has often been a thorny issue for public companies and their advisers.

The adoption of the “Act respecting the transfer of securities and the establishment of security entitlements” (the “STA”) by Quebec’s National Assembly on June 18, 2008 is in line with a series of measures taken by legislators in a number of jurisdictions in an effort to make their laws reflect the reality of the “indirect holding system” for financial assets

A recent U.S. bankruptcy case has challenged the enforceability of a common structured finance provision and exposed many highly rated transactions to the risk of downgrade and default.

In August 2023, the Canadian Securities Administrators (CSA) announced that they will be engaging in a review of exchange-traded funds (ETFs). The review—which is set to conclude before the end...

The SEC has relaxed some of its rules governing the resale of restricted securities and control securities. The SEC’s objective is to increase the liquidity of privately placed securities and decrease issuers’ cost of capital.

Investor-State dispute settlement (ISDS) is an important feature of investment treaties. ISDS, the procedural mechanism through which

The Alberta Court of Appeal recently revisited the issue of broker negligence and investor contributory negligence in S. Maclise Enterprises Inc. v. Union Securities Ltd., which was decided on December 18, 2009.

On September 8, 2017, the Department of Finance ("Finance") released a series of draft legislative changes to the Excise Tax Act (Canada) (the "ETA").

In February 2019, the Investment Funds Institute of Canada issued a Cybersecurity Guide to help its members develop a robust cybersecurity program. The guide is consistent with guidance ...

Private equity has a significant appetite for the food and beverage sector, and a number of private equity firms have made the food and beverage industry their primary focus. What's driving their interest?

While the media and other observers have suggested that proposed National Instrument 31-103 Registration Requirements responds to perceived concerns about the Canadian hedge fund industry, proposed NI 31-103 is principally designed to put in place a revised, nationally harmonized and streamlined registration regime for firms and individuals.

Le 3 janvier 2019, la dernière étape du projet de modernisation de la réglementation des produits de fonds d'investissement des Autorités canadiennes en valeurs mobilières ...

By the time this article has gone to print, one of the most significant changes in Canadian securities laws in many years will have come into effect. The new secondary market civil liability regime, which will facilitate shareholder class actions, will have been proclaimed in force on December 31, 2005.

The new Part XXIII.1 of the Ontario Securities Act (Act), which provides a statutory right of action against reporting issuers, their officers and directors, and other related parties for misrepresentations in secondary market disclosures, came into force on December 31, 2005.