While recent proposals to add new prospectus exemptions for
things like crowdfunding and rights offerings have received much
attention, other changes have also been concurrently proposed that
would have an impact on the existing exempt distribution regime
– so-called "private placements."
The Canadian regulators have been examining the entire concept
of exempt distributions and have arrived at somewhat different
positions on some of the basics of ordinary private placements.
These include changes for placements to portfolio managers and
individuals, and more frequent reporting by investment funds. Under
these proposals, the current national private placement reporting
system would become more detailed and further divided, with Ontario
and three other provinces requiring significantly more information
on new forms about the issuer and investors, including publicly
disclosing such diverse items as the issuer's and
underwriter's CEOs' email addresses
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Directors and officers can face personal liability exposure in a wide range of circumstances, including claims for securities misrepresentation, breach of fiduciary duty, negligence, oppression and liabilities imposed by statute.
Join members of the Blakes Enterprise Risk & Crisis Response group for a practical discussion about the various ways directors and officers can be protected against personal liability and the limits on such protections.
On May 25, 2018, the European Union’s General Data Protection Regulation (GDPR) will come into force. Though not a Canadian law, the GDPR will apply to Canadian businesses that offer goods or services to, or monitor the behaviour of, EU residents.
Canadian businesses that process personal information on behalf of organizations located in the EU will also be impacted. The GDPR imposes stringent and prescriptive requirements on organizations and carries hefty fines for non-compliance. Preparation is imperative.
Join us for an introduction to industrial blockchain as well as a review of its relevance to oil and gas projects and the application of smart contracts within the blockchain and existing doctrines of contract law.
Joining the board of a charity or a non-profit organization ("NPO") can be an enriching and mutually rewarding experience. Whether orientation of new board members is approached informally or formally ...
In an earlier issue we discussed how shareholders go about removing a director of a
corporation pursuant to s. 109(1) of the Canada Business Corporations Act ("CBCA") ...
Notwithstanding the similarities between mergers and acquisitions (M&A) deal practice in Canada and the United States, there remains stark differences between our M&A landscapes.
On April 30, 2018, the Court of Appeal for Ontario released its decision in 1688782 Ontario Inc. v Maple Leaf Foods Inc., 2018 ONCA 407, reversing a decision granting summary judgment (in part) in favour of Mr. Sub...
The HealthLease Story - Part 1: Going Public (Video Content)
