674 results found

Now we're going to address a topic we often receive questions about from our lender clients: namely, the strategic use of limited recourse guarantees and limited amount guarantees to secure...

Issuers that contemplate raising capital in Québec, whether through a prospectus offering or an offering exempt from the prospectus requirement, generally question what French-translation requirements, if any, are triggered by such an offering.

In a decision issued on June 5, 2014, Justice Wilton-Siegel of the Toronto Commercial List Court held that a fairness opinion does not need to qualify as an expert report to assist the Court in approving an arrangement.

As a further leg to their harmonization stool, the Canadian Securities Administrators ("CSA") have published for comment a proposed National Instrument 62-104 – <I>Take Over Bids and Issuer Bids (the "Instrument") and a related companion policy dealing with the harmonization of the statutory and regulatory requirements and restrictions governing take-over bids and issuer bids across Canada.

Structured equity is a hybrid financial instrument combining elements of debt and equity, tailored to align...

The 2021 Canadian Federal Budget, released on April 19, 2021, proposes new rules that would fundamentally alter the interest deductibility landscape for Canadian businesses.

In Ontario's dynamic commercial real estate market, where uncertain interest rates, increased development costs, and extended project timelines present significant challenges...

On January 12, 2023, the Office of the Superintendent of Financial Institutions (OSFI) launched a public consultation regarding changes to Guideline B-20 Residential Mortgage Underwriting Practices...

On June 21, 2012, the Canadian Securities Administrators released CSA Consultation Paper 25-401: "Potential Regulation of Proxy Advisory Firms".

The SEC is proposing rule changes to increase the attractiveness and competitiveness of U.S. capital markets.

Following a year focused heavily on concerns surrounding inflation, last week the Bank of Canada made its seventh rate increase of 2022. After a period of cheap access to money...

On December 14, 2012, the OSC released OSC Staff Consultation Paper 45-710 – Considerations for New Capital Raising Prospectus Exemptions (the "OSC Paper")1 which examines four ideas for potential capital raising prospectus exemptions; crowdfunding, an offering memorandum exemption for Ontario, and exemptions for sophisticated investors and investors that have received advice from investment dealers.

Due to the current economic downturn, many corporations (Borrowers) may find themselves in financial difficulty and need to refinance their existing debt obligations with creditors (Lenders).

On August 16, 2012, the Canadian Securities Administrators published CSA Staff Notice 43-307 Mining Technical Reports – Preliminary Economic Assessments.

The recent decision of the Ontario Superior Court of Justice in Wells v Bioniche Life Sciences Inc1 has provided some clarity and guidance on how a Court will interpret the relevant provisions of the Canada Business Corporations Act ("CBCA") in determining whether a dissident shareholder has the right to requisition and call a shareholders' meeting.

On January 22, 2015, the Toronto Stock Exchange ("TSX" or the "Exchange") published two proposed public interest amendments to the TSX Company Manual (the "Manual") for public comment.

On October 5, 2023, the Canadian Securities Administrators (CSA) published Staff Notice 21-333 – Crypto Asset Trading Platforms: Terms and Conditions for Trading Value-Referenced Crypto Assets with Clients ("SN 21-333")...

Today the TSX amended its Company Manual to require each director of a TSX listed issuer, other than a listed issuer that is majority controlled (as defined in the amendments), to be elected by a majority of the votes cast.