Representatives of the Cooperative Capital Markets Regulatory
System ("CCMR") announced last week a
number of developments affecting the proposed national securities
CCMR launch delayed by one year: Previously
scheduled to launch operations later this year, the CCMR is now
expected to be operational in the Fall of 2016. The federal
government reiterated its intention to move forward with the CCMR
initiative in the 2015 federal budget announced earlier this
Updated draft legislation and regulations will be
published for comment this summer: The CCMR published for
public comment in September 2014 consultation drafts of proposed
uniform provincial legislation (Provincial Capital Markets Act
("PCMA")) and complementary federal
legislation (Capital Markets Stability Act
("CMSA")). In response to comments
received, the CCMR will be publishing this summer updated
consultation drafts of the PCMA and CMSA, together with draft
initial regulations, for a 120-day public comment period.
Nominating committee members announced: The
members of the nominating committee that will recommend candidates
for the initial CCMR board were announced. Their biographies are
Yukon joins the CCMR: With Yukon's
addition, the CCMR framework (which we discussed in previous
HERE and HERE) was amended to provide for the
maintenance of a CCMR office in each participating territory to
address local capital markets activity and regulatory and
A fundamental principle of contract law in Canada is that the parties to a contract are usually free to negotiate and agree upon any terms which will advance their respective (and sometimes mutual) interests.
Royal Bank of Canada v. Surje & Company Inc. is a recent decision of the Ontario Superior Court of Justice. The personal defendant, Sunny Bhasin held most of the common shares in Surge & Company Inc., the corporate defendant.
The use of electronic signatures is becoming increasingly commonplace in commercial transactions, as individuals and businesses capitalize on the administrative efficiency afforded by today’s digital world.
Following the Divisional Court's decision in Toronto-Dominion Bank v. Ryerson University, companies that contract with government institutions should be aware that such contracts are likely open to disclosure under the Freedom of Information and Protection of Privacy Act.
Back in April 2015, we discussed key questions to keep in mind when negotiating earn-outs, and looked at recent trends coming out of the American Bar Association's 2014 Canadian Private Target M&A Deal Points Study (the 2014 ABA Study).
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