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The Toronto Stock Exchange is proposing changes to its rules relating to :

Frequently, purchasers of real property can also become secured creditors through the mechanism of a purchaser’s lien.

On December 4, 2009, Quebec’s National Assembly sanctioned "An Act to amend various legislative provisions principally to tighten the regulation of the financial sector" ("Bill 74").

The Office of the Superintendent of Financial Institutions (OSFI) recently released an Interim Update on Draft Guideline B-20 (for further details, see our March 2012 Blakes Bulletin: More Federal Regulatory Guidance on Consumer Mortgage Businesses in which we reported on Draft Guideline B-20 – Residential Mortgage Underwriting Practices and Procedures).

On April 19, Transparency International Canada Inc. hosted its second annual Day of Dialogue featuring 12 roundtable discussions on current issues in anti-corruption policies and practices.

We often see parties seeking to take out a second mortgage on real property, usually to access equity in the property and use the proceeds to further certain business goals and objectives.

The enforcement risk profile today is not limited to borrower default. It increasingly turns on lender‑versus‑lender dynamics, with second mortgagees moving from passive stakeholders to active actors seeking to take out firsts and step into their position.

With the recent elimination of Canadian withholding tax, there are more institutions lending into Canada that do not have a physical presence in the country.

As a commercial mortgage lender you generally prefer the avoidance of enforcement. However, one must hope for the best and plan for the worst.

For as long as corporations have been paying dividends and trusts have been paying distributions, issuers have been seeking ways to encourage their securityholders to reinvest those cash payments into the issuer.

On July 8, 2010, Magna International Inc. filed a substantial supplement to its management information circular for the special meeting of shareholders that originally had been scheduled for June 28, 2010 to consider a reorganization of Magna that would result in, among other things, the collapse of Magna’s dual class capital structure.

On September 16th, the Department of Finance announced the launch of a public consultation on the deposit insurance regime for banks, federally regulated trust and loan companies and certain provincially regulated institutions.

Commitment fees, penalty clauses, and relief from forfeiture: the bargain prevails in the Court of Appeal for Ontario...

Luckily, there is a way to do this for those who have a substantial amount tucked away in their Registered Retirement Savings Plan (RRSP

If you own shares in a public company, you’ve likely never laid eyes on a share certificate for those shares. Nowadays when you buy publicly traded securities through a broker the only evidence of ownership you have is a trade confirmation and an account statement. That’s because the vast majority of transactions in publicly traded securities today are settled electronically through "clearing agencies" such as The Canadian Depository for Securities Limited, or CDS.

On July 26, 2010, a motion was filed seeking authorization to institute a class action against a reporting issuer before the Superior Court of Quebec based on the secondary market liability provisions of the Securities Act (Quebec) (QSA).

In November 2005 the Ontario Court of Appeal dismissed an appeal brought by Conrad Black ("Black") and other senior officers and directors of Hollinger Inc. requesting that the Court find the Order compelling them to submit to questioning by the Inspector (appointed under s. 229 of the Canadian Business Corporations Act was premature, or to set aside or dismiss the order.