In an outcome that has surprised many, Britain has voted to leave the EU. This will lead to a two-year period of negotiating the terms of exit with the EU and its member states.

In business relationships, contracts set out terms and responsibilities, in part, to help prevent disputes.

As reported by the firm in the Q4 edition of the Torys Quarterly, deals and transactions have remained strong in 2021 across the financial services sector.

The dealmaking world has seen a gradual increase in transactions across all categories since the start of the pandemic, including in Canada's tech sector.

Legislation aimed at making a number of changes to patent law in the United States has now been passed by both the Senate and the House of Representatives.

The Ontario Securities Commission has ruled that HudBay Minerals must obtain shareholder approval prior to completing its proposed acquisition of Lundin Mining.

On March 31, 2008, the U.S. Department of the Treasury issued its “Blueprint for a Modernized Financial Regulatory Structure,” which was developed before the current financial turmoil.

A U.S. bankruptcy court has held that the tolling provisions in the U.S. Bankruptcy Code allowing for extensions of the time to file actions are automatically available to foreign representatives trying to marshal assets for distribution to creditors in crossborder cases.

Following two years of decline, the number of companies sued in U.S. securities fraud class action lawsuits increased by 43% in 2007, according to a joint study released this week by Stanford Law School and Cornerstone Research.

The upcoming spinoff of AOL by Time Warner may be a harbinger of a new trend for large U.S. public companies to use warming equity markets to raise cash and unload assets.

Reduced availability of acquisition financing in the United States over the past couple of years has led to a rise in the use of alternative structuring tools to bridge the gap.

On October 27, 2009, the U.S. House of Representatives Financial Services Committee approved out of committee proposed legislation titled the "Private Fund Investment Advisers Registration Act of 2009" (the Proposed Legislation); this is the fifth bill introduced this year to regulate private funds.

The U.S. Federal Trade Commission (FTC) has announced its annual revisions to the notification and filing fee thresholds of the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR).

Ideal Steel started to lose business to its principal competitor, National Steel. When Ideal learned that National was defrauding New York of state sales taxes and passing these savings on to its cash-paying customers, Ideal sued National and its owners to recover three times Ideal’s alleged damages, plus attorneys’ fees, under the Racketeer Influenced and Corrupt Organizations Act (RICO).

In July 2009, the Delaware Chancery Court applied one of its first applications of the Delaware Supreme Court’s ruling in Lyondell Chemical Company v. Ryan. In so doing, the chancery court, in Wayne County Employees’ Retirement System v. Corti, dismissed all shareholder claims stemming from a sale-of-control transaction, including a claim that the board had violated its duty of loyalty in negotiating and approving the transaction.

The U.S. Supreme Court has unanimously ruled that certain securities fraud class actions involving nationally traded securities may not be brought under state securities law.

The U.S. Supreme Court has sided with several of the largest U.S. investment banks by dismissing a class action alleging that the banks violated antitrust laws while underwriting several hundred initial public offerings in the late nineties.

The first half of 2025 has seen the continuation of a difficult period for the private equity industry in recent years. Only a few months ago, our PE Pulse market sentiment survey suggested that 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.

On May 20, 2020, the Canadian Securities Administrators (CSA) published blanket orders extending deadlines by 45 days for documents required to be filed or delivered by non-investment fund issuers...