Preferred equity broadens the base of potential funding sources by allowing for an a la carte selection of characteristics of the applicable investment.

Canadian registrants need to review their Canadian trades to confirm whether or not they are required to make a filing under new National Instrument 24-101, Institutional Trade Matching and Settlement (the Instrument) by February 14, 2008.

Partner and lead of Torys' Tax Controversy and Litigation practice Martha MacDonald authored the lead article in the March 2024 issue of Canadian Tax Foundation's Perspectives...

As more and more companies continue to adopt AI technology to enhance operations and efficiency, Canada is seeing a rise in class action lawsuits related to AI...

As more and more companies continue to adopt AI technology to enhance operations and efficiency, Canada is seeing a rise in class action lawsuits related to AI, associate Lauren Nickerson...

As generative AI tools become increasingly accessible, sophisticated, and integrated into day-to-day business operations, considerations around intellectual property rights...

On March 7, 2025, Transport Canada issued a policy statement to encourage more private investment in Canada's airports.

The U.S. has further eased its Cuba sanctions in keeping with President Obama's policy announced in December 2014 to support economic activity in Cuba and improve living conditions for the Cuban people.

Following the result of the 2024 U.S. election, Canada's business community remains unsure about what's in store for U.S.-Canada trade relations.

The U.S. government has proposed various legislative tax changes in a bill titled the One Big Beautiful Bill Act.

Amidst activism in the United States protesting diversity, equity and inclusion initiatives and ESG policies, several U.S. companies have scaled back their DEI and ESG practices.

On February 16, 2021, the Southern District ruled against Citibank holding that the "discharge for value" exception to the equitable principle applied.

Despite ongoing tariffs and political tensions with the United States, Canadian M&A activity has seen a boost in deal volume by dollar amount, signalling optimism for the second half of 2025...

The Delaware Court of Chancery has denied a petition by United Rentals, Inc. (URI) for specific performance of a merger agreement between it and two acquisition vehicles (RAM Holdings, Inc. and RAM Acquisition Corp.

Canada’s securities regulators have released for comment proposed National Policy 25-201 - Guidance for Proxy Advisory Firms.

The fully electronic mining land administration system will allow users to manage all of their mining lands files online, providing faster, more streamlined access to files.

Since the Sarbanes-Oxley Act was adopted in 2002, non-U.S. issuers have become increasingly disenchanted with the regulatory burden of being listed on a U.S. stock exchange or otherwise having SEC reporting obligations.

The Toronto Stock Exchange Company Manual has long contained a prohibition against listed companies setting option exercise prices, or prices at which securities may otherwise be issued, at market prices that do not reflect undisclosed material information.

Torys is proud to announce it has been named the top M&A legal advisor by deal value by Refinitiv in its Q1 2023 global M&A review table