2,180 results found

As of August 1, 2007, significant amendments to the OBCA have come into effect.

The U.S. Securities and Exchange Commission has proposed new rules to require U.S. companies to provide their shareholders with non-binding votes on executive compensation ("say-on-pay") and compensation in connection with changes in control ("golden parachute" compensation).

In certain provinces, the law specifically permits the registration of a security interest on collateral prior to the execution of the security agreement by the debtor.

On June 19, 2009, the Canadian Securities Administrators (CSA) published proposed amendments to National Instrument 81-101 Mutual Fund Prospectus Disclosure (Proposed Rule), Forms 81-101F1 Contents of Simplified Prospectus and 81-101F2 Contents of Annual Information Form and Companion Policy 81-101CP Mutual Fund Prospectus Disclosure (the Companion Policy).

If a lender has a general security agreement (GSA) from its borrower, should it also have a share pledge agreement to cover the shares held by the borrower in its subsidiaries?

In the recent case of Royal Bank of Canada v Samson Management & Solutions Ltd., 2013 ONCA 313, the Ontario Court of Appeal overturned a trial-level decision which held that a continuing guarantee was unenforceable where the guarantor had not consented to material changes to the underlying loan agreement.

On October 11, 2023, the federal government published final Regulations Amending Certain Regulations Made Under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act...

The recent upheavals in global markets have increased the cost of raising capital for financial institutions around the world, especially for those whose credit ratings and/or reputations have fallen.

While most borrowers will, prior to the date their mortgage becomes due, shop around for a better interest rate or negotiate a better rate from their existing mortgage lender...

On September 23, 2011, the British Columbia Securities Commission (BCSC) published BC Instrument 45‑533 – Exemption from Form 45-106F6 requirements for investment funds and foreign public issuers (BCI 45‑533).

Lenders should be cognizant that the granting of security by a debtor may be subject to challenge as a fraudulent preference in the event the debtor subsequently files for liquidation or proposal proceedings under the Bankruptcy and Insolvency Act (Canada) (the "BIA") or restructuring proceedings under the Companies’ Creditors Arrangement Act (Canada) (the "CCAA").

Since 2019, FAAN Advisors Group Inc. (FAAN) has served as the trustee for the syndicated mortgage investors who lost money after the 2018 collapse of Fortress.

The Canadian Securities Administrators recently published proposed amendments to the Certification of Disclosure in Issuers’ Annual and Interim Filings rule.

On March 17, 2008, National Instrument 51-102, Continuous Disclosure Obligations was amended.

Following a two-year period of consultation, the UK’s Financial Services Authority (FSA) introduced its new two-tier listing regime, which has been in effect since April 6, 2010.

As briefly discussed in prior blog posts, the securitized product rules published by the Canadian Securities Administrators (CSA) propose to significantly expand the continuous and periodic disclosure regime applicable to issuers of securitized markets in both the public and private markets.

Proposed Form 41-103F specifies the supplementary prospectus disclosure requirements for distributions of securitized products.