ArticleCOVID-19: Key Government ResourcesHere is a selective list of links to key government and regulatory sources. CanadaCoronavirus (COVID-19)Davies Ward Phillips & Vineberg LLP
ArticleCOVID-19: Preserving Your Business In A PandemicThere is abundant information circulating about the extreme financial toll that the COVID-19 pandemic is expected to take on businesses across the globe. CanadaCoronavirus (COVID-19)Davies Ward Phillips & Vineberg LLP
Article2018 Canadian Capital Markets Report: Looking Back, Looking AheadWhile global markets remained volatile in 2017, Canadian capital markets saw a resurgence of IPOs and the emergence of new industries such as cannabis and blockchain.CanadaCorporate/Commercial LawDavies Ward Phillips & Vineberg LLP
ArticleBetter Late Than Never? Not So For Directors' And Officers' Liability CoverageDirectors and officers facing liability claims, including investigations and enforcement proceedings, must pay careful attention to the notice provisions of their directors' and officers' (D&O) liability coverage...CanadaCorporate/Commercial LawDavies Ward Phillips & Vineberg LLP
ArticleBusiness Takeovers As A Driver Of Value CreationPartners Lucien Bouchard and Nicolas Morin represented Davies at this year's Sommet du repreneuriat, contributing to a broader reflection on one of the most defining economic transitions currently underway in Québec.CanadaCorporate/Commercial LawDavies Ward Phillips & Vineberg LLP
ArticleCanadian Securities Authorities Address Cannabis Issuers' Conflicts Of InterestStaff of the securities regulatory authorities in Ontario, British Columbia, Québec, New Brunswick, Saskatchewan, Manitoba and Nova Scotia (collectively, Staff) has released CSA Multilateral Staff Notice 51-359 ‒ CanadaCorporate/Commercial LawDavies Ward Phillips & Vineberg LLP
ArticleDavies Governance Insights 2018Davies' annual Governance Insights reports analyze the top governance trends and issues important to Canadian boards, senior management, in-house counsel and governance observers.CanadaCorporate/Commercial LawDavies Ward Phillips & Vineberg LLP
ArticleDavies Governance Insights 2019Davies Governance Insights 2019 is a comprehensive report that analyzes the governance trends and issues most important to Canadian public companies.CanadaCorporate/Commercial LawDavies Ward Phillips & Vineberg LLP
ArticleDavies Governance Insights 2020: 10th Edition – Lessons And Guidance For A New DecadeDavies Governance Insights 2020 provides a comprehensive analysis of the trends and developments that have shaped the corporate governance landscape and those that are expected to define the next decade.CanadaCorporate/Commercial LawDavies Ward Phillips & Vineberg LLP
ArticleDirectors Who Defraud: Court Of Appeal For Ontario Confirms Standalone Personal Liability For Civil FraudIn a recent decision, the Court of Appeal for Ontario confirmed that the civil fraud of a corporate director or officer can lead to personal liability, even without having to pierce the corporate veil...CanadaCorporate/Commercial LawDavies Ward Phillips & Vineberg LLP
ArticleOntario To Review Existing Generation ContractsWhat this Directive means for existing contract counterparties in Ontario remains to be seen.CanadaEnergy and Natural ResourcesDavies Ward Phillips & Vineberg LLP
ArticleTop Court Rules Bankrupt Corporations Can't Evade Environmental ObligationsIn a landmark decision released on January 31, 2019, the Supreme Court of Canada ruled in Orphan Well Association v Grant Thornton Ltd. that the environmental remediation obligations of a bankrupt oil and gas company ...CanadaEnvironmentDavies Ward Phillips & Vineberg LLP
ArticleIRS Proposes Regulations That Would Liberally Apply Exemption From FIRPTA To Qualified Foreign Pension FundsThe proposed regulations generally take taxpayer-friendly positions that would apply the QFPF exemption broadly.CanadaGovernment, Public SectorDavies Ward Phillips & Vineberg LLP
ArticleMajor Expropriation Reform On The Horizon In QuébecOn May 25, 2023, the Québec government tabled a bill to replace the current Expropriation Act. Like the current law, the bill will apply to expropriations initiated by both the provincial...CanadaLitigation, Mediation & ArbitrationDavies Ward Phillips & Vineberg LLP
ArticleQuébec Court Refuses To Certify Class Action For Recovery Of COVID-Related Business Interruption LossesThe Québec Superior Court has refused to certify a class action proceeding seeking the recovery of business interruption losses related to the COVID-19 pandemic. CanadaLitigation, Mediation & ArbitrationDavies Ward Phillips & Vineberg LLP
ArticleSearch And Seizure: Authorities Can't Keep What They Seize IndefinitelyThe Court ordered the AMF to return all the material in question, pointing out that, until charges are laid, the retention of what is seized during an investigation must be periodically reviewed by the court. CanadaLitigation, Mediation & ArbitrationDavies Ward Phillips & Vineberg LLP
ArticleEarly Warnings: Canada's Regulators Issue Warning Letters To Mobile App CompaniesThe letters are reported to have raised potential concerns under Canada's anti-spam legislation, the Personal Information Protection and Electronic Documents Act and the Competition Act.CanadaMedia, Telecoms, IT, EntertainmentDavies Ward Phillips & Vineberg LLP
ArticleRepeal Of Minimum Parking Ratios In Downtown MontréalGiven the substantial increase in real estate development costs in large Canadian cities over the past few years, developers will welcome with some relief the proposed repeal of minimum parking ratios in downtown Montréal (Ville-Marie Borough).CanadaReal Estate and ConstructionDavies Ward Phillips & Vineberg LLP
ArticleIRS Withdraws Controversial "Funding Rule" For Stock Buyback Excise TaxThe Internal Revenue Service (IRS) and U.S. Treasury Department have issued final regulations (T.D. 10037) (Final Regulations) under Section 4501 of the Code (the Excise Tax) that withdraw the previously proposed "funding rule."CanadaTaxDavies Ward Phillips & Vineberg LLP
ArticleTax Ruling Upheld for Non-Resident Professional AthletesThe Federal Court of Appeal has issued a significant ruling affecting the taxation of non-resident professional athletes in Canada. This decision provides important clarity on how tax obligations are determined for athletes competing across international borders. The ruling has implications for sports organizations, athletes, and tax practitioners dealing with cross-border employment taxation issues. CanadaTaxDavies Ward Phillips & Vineberg LLP