Finance Law and Banking Law

Underlying the current financial crisis, developed economies continue to struggle with the twin challenges of a disruptive global re-ordering and the transition from industrial to knowledge-based economies.

The 2008 economic crisis and the revelations about the role that certain officers and directors of large American financial institutions played in creating the conditions that led to this crisis gave rise to more pressure to increase the duties and liabilities of corporate directors.

Boards will play a critical role in banks’ evolving compliance models.

On December 12, 2024, the Nasdaq Stock Market LLC ("Nasdaq") filed a proposed rule change with the United States Securities and Exchange Commission (the "SEC") to modify Nasdaq Listing Rules 5405 and 5505 (the "Proposal").

The Toronto Stock Exchange (TSX) has published for comment proposed amendments to the TSX Company Manual (the Manual)

On June 6, 2024, the Ontario legislature passed the Homeowner Protection Act, 2024 ("Bill 200"). Schedule 2 of Bill 200 amends the Ontario Heritage Act, R.S.O. 1990, c. O.18...

In what has been one of the most litigated and acrimonious takeover bids of the past year, the Bureau de décision et de révision (Québec) (the "Bureau") exercised its public interest discretionary power to cease trade the issuance of shares by Fibrek Inc. ("Fibrek") to a "white knight".

On April 26, 2012 the Canadian government introduced legislation which provides a framework for the issuance of covered bonds by Canadian financial institutions.

On April 30, 2012, amendments (the Amendments) will be made to the following National Instruments as part of the Canadian Securities Administrators (CSA) project to modernize the product regulation of publicly offered investment funds (the Modernization Project):

It’s difficult to know for certain what percentages of transactions fail to close, because investment bankers don’t like to disclose their failure rate.

Unlike most countries, each province and territory in Canada has established its own securities commission. As a result, carrying out the business of an investment fund manager in different Canadian provinces and territories requires compliance with several regulatory schemes administered by different securities commissions.

Many companies are currently taking a hard look at their operations after one of the worst economic downturns in nearly half a century.