Finance Law and Banking Law

In April, the Canadian Investment Regulatory Organization (CIRO) was provided with additional registration responsibilities by the securities regulatory authorities in Alberta, Ontario, New Brunswick...

The Canadian Investment Regulatory Organization (CIRO) is shifting from a course centric proficiency model with exams tied to courses, to an assessment centric model with mandatory continuous education and training.

The TSX Venture Exchange (TSXV) has announced updates to its policy on escrow and resale restrictions. The immediately effective updates amended and renamed Policy 5.4 – Capital Structure...

Major changes to Canada's Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the "Act") came into effect on April 1, 2025.

In November 2024, draft amendments to the regulations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (the "PCMLTFA") were published. These amendments were not unexpected...

D'importantes modifications apportées à la Loi sur le recyclage des produits de la criminalité et le financement des activités terroristes (la « Loi ») sont entrées en vigueur plus tôt que prévu, soit le 1er avril 2025. Si votre entreprise exerce ses activités dans le secteur du financement et de la location à bail, il est temps de vous préparer

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".

When Volkswagen Group offered £430 million for the assets of Rolls-Royce Motors in 1998, legend has it that Volkswagen acquired the factory, plus the rights to certain brands, but not the famous Rolls-Royce trade-mark name.

Lenders should be cognizant that the granting of security by a debtor may be subject to challenge as a fraudulent preference in the event the debtor subsequently files for liquidation or proposal proceedings under the Bankruptcy and Insolvency Act (Canada) (the "BIA") or restructuring proceedings under the Companies’ Creditors Arrangement Act (Canada) (the "CCAA").

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.