ArticleTax Law Supreme Court Of Canada Releases New Decision On GAAROn January 8, 2009, the Supreme Court of Canada released the highly anticipated decision of Lipson v. Canada (Lipson).CanadaTaxGoodmans LLP
ArticleCanadian Government Announces Winners Of $950 Million "Supercluster" InitiativeOn February 15, 2018, The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, announced the winners of the federal government's high-tech "superclusters" initiative ...CanadaTechnologyGoodmans LLP
ArticleChina Imposes Largest Fine To Date For False AdvertisingChinese authorities have imposed a fine of approximately $1 million US on consumer goods giant Proctor & Gamble (P&G) for false advertising.ChinaMedia, Telecoms, IT, EntertainmentGoodmans LLP
ArticleCommissioner Of Competition Successful In CCS CaseContested merger cases are rare beasts. CanadaAntitrust/Competition LawGoodmans LLP
ArticleCompetition Act And Investment Canada Act Review Thresholds Announced For 2016The Government of Canada has announced the annual adjusted monetary thresholds for review of acquisitions involving Canadian businesses under the Competition Act and the Investment Canada Act for 2016. CanadaAntitrust/Competition LawGoodmans LLP
ArticleM&A Recent Developments Of ImportanceAnti-trust regulators’ review of the competitive impact of proposed business transactions can be significantly complicated by the unique dynamics of an unsolicited or "hostile" takeover bid (a "hostile transaction"). CanadaAntitrust/Competition LawGoodmans LLP
ArticleCanadian Securities Regulators And TSX Issue Temporary Exemptions From Certain Requirements In Response To COVID-19As we reported in our March 19, 2020 Update, Canadian Securities Regulators Offer Filing Relief for Market Participants and Support Virtual Meetings, the Canadian Securities Administrators...CanadaCoronavirus (COVID-19)Goodmans LLP
ArticleCanadian Securities Regulators Extend Deadlines For Filings Due By August 31, 2020This week, the Canadian Securities Administrators (CSA) published blanket orders providing non-investment fund Canadian reporting issuers ("Reporting Issuers") with a temporary 45-day extension in...CanadaCoronavirus (COVID-19)Goodmans LLP
ArticleB.C. Securities Commission Decision Provides Guidance On When Exploration Results Constitute A Material ChangeA recent B.C. Securities Commission decision provides important guidance on when exploration results constitute a material change requiring disclosure under Canadian securities laws.CanadaCorporate/Commercial LawGoodmans LLP
ArticleBCSC Cease Trades Aurizon Mines Ltd. Poison Pill (Again)The future of shareholder rights plans, a commonly used tool in the take-over bid world, is up in the air.CanadaCorporate/Commercial LawGoodmans LLP
ArticleCanadian Securities Regulators Outline Disclosure Expectations For Real Estate Reporting IssuersOn April 12, 2018, the CSA published CSA Staff Notice 52-329 Distribution Disclosures and Non-GAAP Financial Measures in the Real Estate Industry, which details findings of a recent review of two areas of disclosure...CanadaCorporate/Commercial LawGoodmans LLP
ArticleCanadian Securities Regulators Re-evaluating Criteria For Director And Audit Committee Member IndependenceThe concept of director independence is of central importance to the Canadian corporate governance regime.CanadaCorporate/Commercial LawGoodmans LLP
ArticleCSA Provides Guidance Aimed At Improving Disclosure Of Material Climate Change-Related RisksThe Staff Notice does not modify or create legal obligations for reporting issuers. CanadaCorporate/Commercial LawGoodmans LLP
ArticleFirst Conviction Under The "Corruption Of Foreign Public Officials Act"The conviction in Karigar is a reminder to Canadian companies operating abroad that Canadian authorities have increased their enforcement of the Act, and that Canadian Courts may take a broad view of what constitutes an offence under the Corruption of Public Officials Act. CanadaCorporate/Commercial LawGoodmans LLP
ArticleGlass Lewis 2016 Proxy Season Policy UpdatesThe Proxy advisory firm Glass, Lewis & Co., LLC has released its Canadian policy updates for the 2016 proxy season, on the heels of the release by Institutional Shareholder Services Inc. of its 2016 policy updates.CanadaCorporate/Commercial LawGoodmans LLP
ArticleLessons From The SEC's Recent Settlements With Unregistered Cryptocurrency FirmsOn September 11, 2018, the SEC announced its settlement of enforcement actions against two issuers engaging in the offer and sale of cryptocurrencies where, for the first time, the firms and their control persons ...CanadaCorporate/Commercial LawGoodmans LLP
ArticleOntario Court Awards Damages Against Underwriter Over Broken Bought DealThe Ontario Superior Court of Justice in "Stetson Oil & Gas Ltd. v. Stifel Nicolaus Canada Inc." recently awarded $16 million in damages against an underwriter.CanadaCorporate/Commercial LawGoodmans LLP
ArticleOntario Court Of Appeal Clarifies Scope Of Insider Trading And Tipping RestrictionsIn its recent decision in Finkelstein v. Ontario Securities Commission, the Ontario Court of Appeal clarified important questions about when the restrictions on illegal insider trading and tipping under Ontario's securities laws ...CanadaCorporate/Commercial LawGoodmans LLP
ArticleOntario Securities Commission To Codify Routine Exemptive Relief For International FirmsThe Ontario Securities Commission (OSC) recently published for comment Proposed OSC Rule 32-506 – Exemptions for International Dealers, Advisers and Sub-Advisers ("Proposed Rule").CanadaCorporate/Commercial LawGoodmans LLP
ArticleOSC Continues Ongoing Efforts To Reduce Regulatory BurdenThe OSC recently published OSC Staff Notice 11-784 – Burden Reduction seeking input on ways to reduce unnecessary regulatory burden in Ontario's capital markets, and announcing a related roundtable discussion...CanadaCorporate/Commercial LawGoodmans LLP