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  • Article

    Canadian Securities Regulators Outline Disclosure Expectations For Real Estate Reporting Issuers

    On 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 Law
    Goodmans LLP
    Goodmans LLP
  • Article

    Canadian Securities Regulators Re-evaluating Criteria For Director And Audit Committee Member Independence

    The concept of director independence is of central importance to the Canadian corporate governance regime.
    CanadaCorporate/Commercial Law
    Goodmans LLP
    Goodmans LLP
  • Article

    CSA Provides Guidance Aimed At Improving Disclosure Of Material Climate Change-Related Risks

    The Staff Notice does not modify or create legal obligations for reporting issuers.
    CanadaCorporate/Commercial Law
    Goodmans LLP
    Goodmans LLP
  • Article

    Glass Lewis 2016 Proxy Season Policy Updates

    The 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 Law
    Goodmans LLP
    Goodmans LLP
  • Article

    Ontario Court Awards Damages Against Underwriter Over Broken Bought Deal

    The 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 Law
    Goodmans LLP
    Goodmans LLP
  • Article

    Ontario Court Of Appeal Clarifies Scope Of Insider Trading And Tipping Restrictions

    In 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 Law
    Goodmans LLP
    Goodmans LLP
  • Article

    Ontario Securities Commission To Codify Routine Exemptive Relief For International Firms

    The 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 Law
    Goodmans LLP
    Goodmans LLP
  • Article

    OSC Continues Ongoing Efforts To Reduce Regulatory Burden

    The 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 Law
    Goodmans LLP
    Goodmans LLP
  • Article

    OSC Proposes Rule On Gender Diversity

    The Ontario Securities Commission ("OSC") recently published for comment proposed amendments to Form 58-101F1 of National Instrument 58-101 Disclosure of Corporate Governance Practices ("Form 58-101F1").
    CanadaCorporate/Commercial Law
    Goodmans LLP
    Goodmans LLP
  • Article

    Peoples Department Stores Inc. v. Wise - Supreme Court of Canada Weighs in on Duties of Directors

    In Canada the Courts have unanimously ruled that directors and officers owe their fiduciary duties to the corporation at all times, even when the corporation is in the nebulous "vicinity of insolvency".
    CanadaCorporate/Commercial Law
    Goodmans LLP
    Goodmans LLP
  • Article

    Recent Lessons For Technology M&A

    Recent activity in the U.S. courts has highlighted a number of key considerations for technology startups, their founders and potential acquirors.
    CanadaCorporate/Commercial Law
    Goodmans LLP
    Goodmans LLP
  • Article

    Supreme Court Of Canada Creates A New Duty To Act Honestly In Performing Contracts

    There is no independent duty of good faith. Rather, the organizing principle is the foundation for more specific duties.
    CanadaCorporate/Commercial Law
    Goodmans LLP
    Goodmans LLP
  • Article

    The Never-Ending Debate About Material Changes In Securities Law

    Even the greatest contemporary philosophers can sometimes fail to shed light on life's vexing challenges. As you likely anticipate, I'm speaking of Rocky Balboa, the known...
    CanadaCorporate/Commercial Law
    Goodmans LLP
    Goodmans LLP
  • Article

    Venture Capital Funding In Canada Surges In Q3 2017

    PwC Canada and CB Insights recently released their Q3 2017 MoneyTree Canada Report.
    CanadaCorporate/Commercial Law
    Goodmans LLP
    Goodmans LLP
  • Article

    Venture Capital Funding Rises Year-Over-Year In Q1 2017

    Consistent with 2016, the vast majority of VC activity took place in Ontario, with 34 deals totalling $286 million USD in Q1 2017.
    CanadaCorporate/Commercial Law
    Goodmans LLP
    Goodmans LLP
  • Article

    Budget 2025 Announces Measures To Combat Financial Crime

    In Budget 2025, the Government of Canada announced its intentions to implement legislative changes in its continued efforts to combat financial crime.
    CanadaCriminal Law
    Goodmans LLP
    Goodmans LLP
  • Article

    Is The Greening Of Financiers Leading To A Credit Squeeze In The Extractive Sector?

    The New York Times recently reported that PNC Financial had joined a growing list of financiers in the United States that have "distanced themselves from coal companies involved in mountain top removal."
    CanadaEnergy and Natural Resources
    Goodmans LLP
    Goodmans LLP
  • Article

    Province Of Ontario Proposes Establishment Of A Clean Energy Credit Registry

    On August 2, 2022, Ontario's Ministry of Energy released its proposal for a clean energy credit registry (the "Registry") for public comment on the Environmental Registry of Ontario (ERO).
    CanadaEnergy and Natural Resources
    Goodmans LLP
    Goodmans LLP
  • Article

    Ontario Announces Cleantech Strategy; Support For Scale Up Of Cleantech Companies

    On February 13, 2018, the Minister of Research, Innovation and Science, Reza Moridi, launched Ontario's Cleantech Strategy (the "Cleantech Strategy") which aims to catalyze the growth of Ontario's clean ...
    CanadaEnvironment
    Goodmans LLP
    Goodmans LLP
  • Article

    Budget Implementation Act: Key Changes For Financial Institutions

    In Budget 2023, the Government of Canada announced its intentions to strengthen measures to protect financial institutions from foreign interference and efficiently address emerging risks...
    CanadaFinance and Banking
    Goodmans LLP
    Goodmans LLP

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