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As a top capital markets law firm, McMillan works with clients in Canada, the United States and internationally to navigate today’s capital markets challenges. McMillan’s breadth of experience in securities and corporate law allows us to advise businesses ranging from Fortune 500 to fast-growing small and medium-sized enterprises to first movers in emerging markets.

McMillan’s capital markets lawyers can successfully assist clients with respect to any transactions that impact the capital markets for any size of deal, regardless of the complexities from a regulatory or legal perspective. We have ample experience negotiating with all levels of lenders, issuers, institutional shareholders and investment banks, and have fostered relationships with regulatory bodies and exchanges, allowing us to deliver unmatched value to our capital markets clients.

CORPORATE FINANCE

Our corporate finance experience gives our lawyers some of the legal profession’s foremost capabilities in transactional, regulatory requirements, including filing and clearance of offering documents with all of Canada’s provincial securities regulators, as well as the U.S. Securities and Exchange Commission.  Our experience covers all aspects of financings, including prospectus financings, private placements and PIPES.

The corporate finance environment is complicated by the array of market participants—from issuers to institutional investors, to underwriters — and the laws and regulations surrounding capital markets transactions get more complex by the day. McMillan’s corporate finance lawyers employ their in-depth knowledge of the laws that govern capital markets to help clients successfully navigate this domain.

IPOs & ALTERNATIVE IPOs

The path to an initial public offering (IPO) is long and extremely complex. Increasing the complexity of the endeavour is the need for many companies to seek listings on multiple exchanges. Companies can also face complexities in pursuing alternative IPOs, such as a reverse takeover or a transaction with a capital pool company. McMillan’s lawyers specializing in capital markets leverage their knowledge and experience navigating securities law to help clients assess opportunity versus risk when choosing between an IPO or alternative IPO. We are well-versed in the listing requirements and processes of the Toronto Stock Exchange (TSX), the TSX Venture Exchange (TSX-V), the NOE Exchange (NEO), the Canadian Securities Exchange (CSE), as well as key stock exchanges and trading platforms in the United States, Europe, Latin America and Asia.

Our commitment to building bespoke legal teams enables us to help clients throughout the life cycle of the IPO or alternative IPO process, from pre-IPO or pre-alternative IPO preparation to the offering process itself, to follow-on public offerings and ongoing regulatory compliance.

GOING PRIVATE TRANSACTIONS

For some companies, there comes a time when the positives of being publicly traded are outweighed by the expense and effort of compliance and other factors that distract from the company’s purpose. On the other hand, unsolicited transactions (including take-over bids) to take control of, or acquire, a public company are possibly the most complex mergers and acquisitions transactions. Whatever the reason or manner in which a company is involved in a going private transaction, McMillan has the experience to make the transaction a success. Whichever side you find yourself on, being at the center of a going private transaction can be a momentous event. It requires a multi- faceted approach—one that remains true to your long-term strategy, serves the best interests of all your internal and external stakeholders, and complies with complex regulations that differ from one jurisdiction to the next.

We deliver expert counsel to investors, acquirors, executives of publicly traded companies and boards as they navigate this complicated process of going private, all while seeking to minimize risk. We help clients understand what makes these transactions successful and where the pitfalls lie.

PROXY CONTESTS

Since 2008, shareholder activism has become an important aspect of the Canadian capital markets landscape. However, our experience in this area of the law dates back to the 1990s, at a time when it was not well known. Since then, we have been advising both activists and issuers through a group of dedicated experts. We believe that we have a unique combination of experience and expertise, coupled with innovative and practical thought leadership, which work to support the business priorities and objectives of our clients.

McMillan’s lawyers understand the regulatory environment that governs proxy contests. We advise boards, special committees and management on a proactive basis to avoid and prepare for an approach from an activist , and also to combat, defeat or settle a dispute. We advise activist investors on the beginning approach, investing in a public company, effecting change and ancillary considerations including a future sale of the public company. 

STOCK EXCHANGE LISTINGS

Choosing to list a company on a stock exchange is a major decision for any organization. Canadian stock exchange listing requirements are lofty, as are American stock exchange listing requirements — both can consume significant financial and human resources. The process of publicly listing an enterprise also differs from jurisdiction to jurisdiction, necessitating the assistance of sound legal counsel who specialize in stock exchange requirements.

McMillan’s helps Canadian and international companies create an effective strategy and process for listing their organization on stock exchanges while remaining focused on our clients’ business objectives. Our lawyers understand the relative advantages of various stock exchanges and can advise on the optimal listing strategy — including which exchange or exchanges will deliver the best value. When expertly navigated and executed, listing on an exchange can be a significant and positive event in a company’s growth.

PUBLIC DISCLOSURE

The legitimacy of capital markets is reliant to a large extent on regulatory regimes that compel companies to provide full and timely disclosure of material information.

McMillan helps clients participating in Canadian, US and global capital markets understand and comply with evolving securities regulations governing public disclosure, as regulators work continuously to improve disclosure requirements , while simultaneously helping to protect our client’s competitive advantage.

SECURITIES LITIGATION

McMillan’s securities litigation lawyers have been at the forefront of recent changes impacting capital markets participants, working with our clients on their most challenging securities and corporate governance matters, including shareholder disputes, class actions, fiduciary obligations and oppression remedy disputes. We have defended our clients’ commercial interests at all levels of court, including the Supreme Court of Canada and before securities regulators.

As one of Canada’s top securities litigation law firms, McMillan LLP is frequently called upon for preventative counsel and crisis management, as well as to advise boards of directors and senior management on strategies to minimize the risk of litigation in contentious circumstances. When our clients are faced with securities litigation, our lawyers mount a vigorous and complete defence aimed at protecting their best interests and aligning with their strategy.

BONDHOLDER, AD HOC COMMITTEE AND INDENTURE TRUSTEE REPRESENTATIONS

McMillan has extensive restructuring and insolvency experience acting for the holders of debt securities, as well as indenture trustees and ad hoc committees. Restructuring issues demand smart, resolute actions. In these circumstances, corporate and government entities turn to McMillan for or our extensive experience acting for the holders of debt securities, as well as bond and debt indenture trustees, and ad hoc committees.

Our lawyers engage with debtor companies, stakeholders and bankruptcy courts to obtain the best result for bond and debt indenture trustees and ad hoc committees, bringing a mix of skills to the table that create the value and incentives that are necessary for parties to come to agreement.

US SECURITIES

While Canada’s stock markets are excellent sources of capital and liquidity, globally-minded Canadian companies often seek to tap into the US capital markets. McMillan is a US securities law leader, enabling Canadian companies to access US capital markets. Our team includes US qualified lawyers who can advise on a complete range of US securities matters, including public and private securities offerings, listings on US national securities exchanges (including the New York Stock Exchange (NYSE), NYSE Amex Equities (NYSE MKT) and NASDAQ) and Securities and Exchange Commission (SEC) regulatory compliance.

McMillan’s lawyers provide our clients with the advantage of working with a firm with a singular culture that promotes excellence, collaboration and cross-practice integration. A one-firm approach, versus working with separate firms in each country, can help to improve timeliness and reduce costs.

Primary Contacts

View All Contacts
Adam D.H. Chisholm
Partner, Litigation & Dispute Resolution
Paul D. Davis
Partner, Capital Markets & Securities | Mergers & Acquisitions
Leo Raffin
Partner, Capital Markets & Securities
Stephen D. Wortley
Chair, Hong Kong Office
Partner, Capital Markets & Securities
Sandra Zhao
Partner, Capital Markets & Securities | Mergers & Acquisitions

Deals and Cases

INSIGHTS (223 Posts)

Featured Insight

The CSA Comes Full Circle to Protect the Vulnerable

Amended regulations by the CSA for registrants to protect older and vulnerable clients.

Read More
Jul 27, 2021
Featured Insight

Amended Sanctions by the U.S. Regarding Investments in Certain Companies in China

An Executive Order prohibiting U.S. persons from purchasing securities of certain Chinese Military-Industrial Complex companies becomes effective August 2, 2021

Read More
Jul 26, 2021
Featured Insight

“Say on Climate” — Key Considerations in Implementing Shareholder Votes on Climate

Shareholder engagement on climate-related matters continues to grow across the globe, including Canada, these issues are a key focus area for public companies

Read More
Jul 16, 2021
Featured Insight

Canadian Regulatory Direction and Pressure for Cryptocurrency Platforms

Canadian regulators affirm their position on 'crypto trading platforms' through CSA Staff Notice 21-329 and subsequent enforcement action.

Read More
Jul 7, 2021
Featured Insight

Making Sense of Non-GAAP Financial Measures

Capital market developments from the CSA regarding non-GAAP financial information.

Read More
Jun 30, 2021
Featured Insight

Proposed Changes to the Promotional Activity Disclosure Requirements: Instrument 51-519

An overview of the proposed Instrument 51-519 from the BC Securities Commission on promotional activity disclosure requirements.

Read More
Jun 30, 2021
Featured Insight

ICMA Green Bond Principles Undergo Minor Facelift

Legal news bulletin discussing recent changes to ICMA Green Bond Principles.

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Jun 17, 2021
Featured Insight

Climate, Credit & Canada – Growth of Green Bonds, Sustainability-Linked Credit and Net-Zero Banking

Climate, Credit & Canada - Growth of Green Bonds, Sustainability-Linked Credit and Net-Zero Banking

Read More
Jun 7, 2021
Featured Insight

Taking Stock of Governance — Understanding Emerging ESG, Regulatory, and Market Trends

Taking Stock of Governance — Understanding Emerging ESG, Regulatory, and Market Trends

Read More
May 26, 2021
Featured Insight

Taking Stock of Governance — Understanding Emerging ESG, Regulatory, and Market Trends (adapted to the Province of Québec)

Taking Stock of Governance — Understanding Emerging ESG, Regulatory, and Market Trends (adapted to the Province of Québec)

Read More
May 26, 2021
Featured Insight

Primer on Canadian Federal and Provincial Cleantech Funding Programs

Across Canada, entrepreneurs are striving to develop technologies to reduce greenhouse gas emissions, improve environmental sustainability, and provide other climate-related solutions to the domestic and international markets.

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May 25, 2021
Featured Insight

BILL 96 – Top 10 Impacts of the Revised Charter of the French Language on your Business and When to Expect Implementation of Such Revisions

Changes to Québec’s language laws are coming. Here is a top ten list of potential impacts, and the likely timeline and process for adoption.

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May 19, 2021
Featured Insight

Opportunities for Canadian Biotech Companies on the Hong Kong Stock Exchange

Opportunities for Canadian Biotech Companies on the Hong Kong Stock Exchange

Read More
May 18, 2021
Featured Insight

The Canadian Capital Market is Psyched: An Update on the Growing Wave in the Psychedelics Industry

This bulletin provides an overview of the regulations surrounding psychedelics in Canada and psychedelics companies in the Canadian capital markets.

Read More
May 12, 2021
Featured Insight

Capital Markets Modernization Taskforce Recommendations – Modernizing Enforcement and Enhancing Investor Protection

McMillan commentary on the Capital Markets Modernization Taskforce's recommendations regarding Enforcement and Enhancing Investor Protection.

Read More
May 12, 2021
Featured Insight

End of the Bellatrix GasEDI Saga Marks Beginning of Market Fallout

The Alberta Court of Appeal's dismissal of Bellatrix's appeal leaves substantial uncertainty for natural gas market and all derivatives counterparties.

Read More
May 5, 2021
Featured Insight

Grabbing Headlines – NEO Introduces New ‘G-Corp’ to Provide Greater Opportunities for Capital Raising

NEO Exchange Inc. announces innovative listing offering to facilitate capital-raising opportunities for earlier stage and high growth companies.

Read More
Apr 19, 2021
Featured Insight

Ontario Court of Appeal Interprets the TSX’s Majority Voting Requirement, Considers the Oppression Remedy, and Clarifies Set-off Rights

A recent decision of the Ontario Court of Appeal interprets the Toronto Stock Exchange requirement that listed companies adopt a majority voting policy.

Read More
Apr 16, 2021
Featured Insight

Client Focused Reforms – Upcoming Deadline for Registrants to Comply with the Conflict of Interest Amendments

The June 30, 2021 deadline for registered firms and their representatives to comply with the new CFRs relating to conflicts of interest is fast approaching.

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Mar 31, 2021
Featured Insight

Canadian Government Expands National Security Guidance

On March 24, 2021, Canada’s Minister of Innovation, Science and Industry announced that the government updated its National Security Guidelines.

Read More
Mar 25, 2021
Featured Insight

Ontario’s Capital Markets Modernization Taskforce Looks to Level the Playing Field

This bulletin focuses on Ontario’s Capital Markets Modernization Taskforce's recommendations aimed at ensuring a level playing field.

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Mar 10, 2021
Featured Insight

Thinking of Forming an ESG Fund? Five Pointers for Fund Managers

This article aims to highlight five key pointers for fund managers to think about when launching an ESG fund

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Mar 10, 2021
Featured Insight

Capital Markets Modernization Taskforce Recommendations – Proxy System Corporate Governance and Mergers and Acquisitions

High-level overview and commentary on the recommendations set out in Section 2.4 of the Capital Markets Modernization Final Report

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Mar 10, 2021
Featured Insight

Capital Markets Modernization Taskforce Final Report Bulletin Series

On January 2021, Ontario’s Capital Markets Modernization Taskforce (the “Taskforce”) released its final report (the “Final Report”) following consultations and feedback from various stakeholders.

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Mar 10, 2021
Featured Insight

On Second Thought: Ontario Court Dismisses Secondary Market Securities Class Action on Summary Judgment

Part XXIII.1 of Ontario’s Securities Act creates a statutory cause of action for investors who suffer losses in the secondary market.

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Feb 21, 2021
Featured Insight

CSA Propose Changes to Registration Information, Outside Activities and Reporting Requirements as part of Reduction of Regulatory Burden Initiative

February 4, 2021 - the Canadian Securities Administrators have proposed amendments to the registration information provided by registered individuals and firms.

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Feb 17, 2021
Featured Insight

Deferred Prosecution Agreements: The Continued Use of DPAs in the Antitrust Sphere in the United States

In this bulletin, we discuss the deferred prosecution agreement recently entered into by Argos USA LLC with the United States Department of Justice.

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Jan 19, 2021
Featured Insight

Canadian Securities Administrators Seek Input on Activist Short Selling Activities

Canadian Securities Administrators Seek Input on Activist Short Selling Activities

Read More
Dec 16, 2020
Featured Insight

Changes Expected to Lead to Renewed Interest in TSXV’s Capital Pool Company Program

On December 1, 2020, the TSX Venture Exchange (TSXV) announced changes to its Capital Pool Company (CPC)
program to become effective on January 1, 2021.

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Dec 2, 2020
Featured Insight

Oil and Gas Sector Consolidation Invites Competition Bureau Reviews

With the recent surge in M&A activity in the oil and gas sector, the Competition Bureau may call on industry participants to investigate some of these deals.

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Nov 17, 2020
Featured Insight

‘But to What Effect?’ The Supreme Court of Canada Clarifies the Anti-deprivation Rule in Chandos

The authors discussion of the Supreme Court of Canada's decision in Chandos Construction affirming the anti-deprivation rule and consider its implications

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Nov 16, 2020
Featured Insight

Bears v. Bulls: Secondary Market Securities Class Actions in Ontario

A high-level overview of secondary market class actions under the Ontario Securities.

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Nov 11, 2020
Featured Insight

Launching into the Office for Economic Growth and Innovation – From LaunchPad to New Branch of the OSC

The OSC has recently published a Charter for the Office of Economic Growth and Innovation, a newly established branch of the OSC.

Read More
Nov 11, 2020
Featured Insight

Raising Capital in Mining? Practical Considerations for Private Placements

Practical considerations for private placements when raising capital in mining

Read More
Nov 2, 2020
Featured Insight

Disclose This – The Offering Memorandum Exemption Gets a Revamp – CSA Propose Additional Requirements with a focus on Real Estate Issuers and Collective Investment Vehicles

Proposed amendments to the OM Exemption may have major impacts on issuers engaged in real estate activities or considered collective investment vehicles

Read More
Oct 14, 2020
Featured Insight

Update: British Columbia’s New Registry of Beneficial Ownership

Update: British Columbia's New Registry of Beneficial Ownership

Read More
Oct 6, 2020
Featured Insight

Mandatory Indoor Face Coverings: What Ontario Employers Need to Know

Mandatory Indoor Face Coverings: What Ontario Employers Need to Know

Read More
Oct 6, 2020
Featured Insight

Beware of a Potential New Duty of Care for Investment Fund Managers – Six Takeaways from Wright v. Horizons

Review of Wright v. Horizons and potential future implications on IFAM industry.

Read More
Sep 23, 2020
Featured Insight

COVID-19 Realities Push Ontario Government to Launch Public Consultation to Improve the Province’s Privacy Laws

The Ontario government launched public consultations to guide their modernization of private-sector privacy laws within the province.

Read More
Aug 19, 2020
Featured Insight

Exemption for Four Patients Opens Door Further for Therapeutic Use of Psilocybin

A legal update on psychedelics: four Canadians with late stage cancer receive approval to use psilocybin to treat
their end-of-life distress.

Read More
Aug 19, 2020
Featured Insight

Alberta’s Recovery Plan and its Bedrock: The Energy Sector

Government of Alberta announces plan to spur economic recovery of the energy sector.

Read More
Aug 5, 2020
Featured Insight

Alberta’s New Liability Management Framework: A Teaser of What’s Coming

Government of Alberta announces changes to the regulatory regime that governs oil and gas liabilities.

Read More
Aug 4, 2020
Featured Insight

Thinking About Real Estate in Canada? Practical Considerations for Structuring a Private REIT

Thinking About Real Estate in Canada? Practical Considerations for Structuring a Private REIT

Read More
Jul 30, 2020
Featured Insight

Psychedelics and Canada’s Regulatory Landscape

A primer on the emerging psychedelics industry and how it fits into Canada's legal framework.

Read More
Jul 10, 2020
Featured Insight

Material Adverse Effect Clauses in a COVID-19 World

Review and analysis of recent developments where parties try to rely on MAE clauses as a mechanism to avoid closing a transaction.

Read More
Jun 23, 2020
Featured Insight

Fireside Discussion with Grant Vingoe, OSC Acting Chair

This discussion will highlight key priorities of the OSC, including an update on burden reduction work underway. Remarks will also focus on the OSC’s response to COVID19 and provide a regulatory roadmap for navigating contested transactions.

Jun 23, 2020
Featured Insight

No Family Resemblance: The Court of Appeal Rules on Interpretation of “Security” and Custodial Sentences

The Ontario Court of Appeal's decision in Ontario Securities Commission v. Tiffin provides guidance on what constitutes a "security" and custodial sentences.

Read More
May 5, 2020
Featured Insight

Alberta Government Passes Bill 12, Liabilities Management Statutes Amendment Act, 2020 – What You Need to Know

What you need to know about the Alberta Government's Bill 12 in relation to Liabilities Management Statutes Amendment Act, 2020.

Read More
Apr 21, 2020
Featured Insight

Significant Regulatory Relief for Market Participants Announced in Response to COVID-19

Securities regulators, stock exchanges and business registries have taken significant steps provide relief to Canadian companies in response to COVID-19

Read More
Apr 13, 2020
Featured Insight

Project Management Amid COVID-19 – The Triage

Best practices for construction project management during the COVID-19 pandemic, and other force majeure circumstances.

Read More
Apr 8, 2020
Featured Insight

Protecting Against Shareholder Activism in Uncertain Times

The aftermath of the COVID-19 pandemic will provide unprecedented opportunities for shareholder activism and companies will need to prepare for coming campaigns.

Read More
Apr 6, 2020
Featured Insight

Asking Lenders for Time to Deal with COVID-19 Problems

Guide for borrowers to discussing loan defaults and additional credit support with lenders.

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Mar 31, 2020
Featured Insight

CSA Provides Guidance on Conducting Shareholder Meetings During COVID-19 Pandemic

On March 20, 2020, the CSA published guidance providing direction to issuers conducting shareholder meetings during the COVID-19 pandemic.

Read More
Mar 25, 2020
Featured Insight

Coronavirus: Harbinger of a New (Old) Approach to Restructuring in Canada?

Restructuring options and challenges in the time of COVID-19.

Read More
Mar 20, 2020
Featured Insight

COVID-19 Pandemic Prompts Canadian Companies to Consider Virtual Shareholder Meetings

In light of concerns relating to COVID-19, this bulletin provides Canadian companies guidance on holding electronic or virtual shareholder meetings.

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Mar 17, 2020
Featured Insight

The HBC Privatization: OSC Provides New Guidance For a Special Committee Process and Reconfirms Disclosure Obligations in Conflict of Interest Transactions

Ontario Securities Commission provides new guidance regarding the role and responsibilities of a special committee in a conflicted going private transaction.

Read More
Mar 3, 2020
Featured Insight

Canadians are Friendlier: Shareholder Proposal Regime in the U.S. Could Soon Be More Restrictive

As the Securities Exchange Commission seeks to change the shareholder proposal regime in the U.S., we compare the proposed amendments to the Canadian regime.

Read More
Feb 4, 2020
Featured Insight

Stop the Presses: Printing of Disclosure Documents May Be a Thing of the Past

A summary of the proposal by CSA to adopt an "access equals delivery" model for disclosure documents.

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Jan 22, 2020
Featured Insight

Can I Tell You Something in Confidence?” Legal Privilege in M&A Transactions

The authors discuss challenges to maintaining legal privilege in M&A transactions. Parties in Ontario can learn from the experience of other jurisdictions.

Read More
Jan 22, 2020
Featured Insight

Under the Influence: The Canadian Competition Bureau’s Stand on Misleading Product Endorsements

The Competition Bureau has sent letters to advertisers and advertising agencies warning them to ensure that their Influencer advertising complies with the law.

Read More
Dec 30, 2019
Featured Insight

Contact Information Posted on Websites Not Necessarily Up for Grabs

Investigation findings of the Office of the Privacy Commissioner highlight issues surrounding the use of personal contact information posted on websites

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Dec 19, 2019
Featured Insight

Finance Puts the Brakes on Proposed Employee Stock Option Amendments

Department of Finance issued a release on December 19, 2019 advising that the stock option amendments would not come into effect as of January 1, 2020.

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Dec 19, 2019
Featured Insight

No Insider Trading Without Clear Evidence

"The Ontario Securities Commission's decision on insider trading and importance of clear, convincing and cogent
evidence."

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Dec 19, 2019
Featured Insight

IIROC Introduces Mandatory Reporting of Cybersecurity Incidents for Dealers

On November 14, 2019, IIROC amended its Dealer Member Rules to require mandatory reporting by dealer members that suffer a cybersecurity incident or breach.

Read More
Dec 9, 2019
Featured Insight

Amendments to the CCAA, BIA and CBCA Now in Force

Authors discuss changes in 2019 to Canadian corporate and restructuring statutes and their possible implications for insolvency practice in Canada

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Nov 19, 2019
Featured Insight

An Analysis of the Short Selling Landscape in Canada

Join us for two consecutive panel discussions on short selling in Canada. Industry experts will share valuable insights into regulatory and market issues, concerns and trends.

Details
November 19, 2019 - 8:00 am to 10:30 am
Featured Insight

CSA Notes Inadequate Disclosure of Financial Interest in Cannabis M&A

Securities regulators provided guidance regarding disclosure of financial interests and conflicts of interest in Cannabis transactions

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Nov 15, 2019
Featured Insight

Short Selling in Canada: Regulations are Weak and a New Path Forward is Needed to Reduce Systemic Risk

This bulletin summarizes our concerns and conclusions with respect to the Canadian short selling regulatory regime.

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Nov 11, 2019
Featured Insight

The Novel Exemptive Relief Chronicles

Ontario Securities Commission exemptive relief decision clarifies ability of investment fund managers to permit rehypothecation of portfolio assets.

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Sep 20, 2019
Featured Insight

Cryptocurrency Securities Law Update – Platform Framework and Service Providers

Cryptocurrency is not necessarily a “security” under Canadian securities law.

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Aug 6, 2019
Featured Insight

No Longer “Beasts of Burden” OSC Reduces Regulatory Load for Registrants on Two Fronts

The Ontario Securities Commission (“OSC”) recently announced two important changes to certain regulatory requirements

Read More
Jul 22, 2019
Featured Insight

The Next Phase of Canadian Cannabis: What to Expect in 2019 and Beyond

On June 14, 2019, Health Canada unveiled its Final Regulations for New Cannabis Products

Read More
Jun 21, 2019
Featured Insight

Canadian Investment Managers: Doing Business in the U.S.

Thinking about raising institutional capital to expanding your reach to the United States? There are a variety of considerations that will impact how you do business south of the border so we invite you to join us as we provide an overview of U.S. regulation.

Details
June 5, 2019 - 4:00 pm to 6:45 pm
Featured Insight

OSC Waives Fees for Late OBA Disclosures as Part of Burden Reduction Project

On May 15, 2019, the Ontario Securities Commission (“OSC”) announced that registrants will no longer have to pay late fees associated with the disclosure of outside business activities (“OBAs”) past the required deadline.

Read More
May 21, 2019
Featured Insight

A Million Reasons – NextBlock OSC Settlement Agreement Highlights Risks of Using Marketing Presentations to Solicit Investments

A recent Ontario Securities Commission (“OSC”) settlement agreement with NextBlock Global Limited (“NextBlock”) and Alex Tapscott (“Tapscott”) highlights the risk associated with issuers providing investor presentation slide decks or other marketing documents to prospective investors.

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May 21, 2019
Featured Insight

Dawn of a New Age for Canadian Capital Markets Information

On May 2, 2019, the Canadian Securities Administrators (the “CSA”) set out next steps for a new, integrated national information and filing system (the “Renewed System”).

Read More
May 14, 2019
Featured Insight

Canadian Corporate & Restructuring Legislation: Changes Could be on the Way

Bill C-97 (the “Bill”) was introduced in Parliament to implement the federal budget tabled by the Liberal government on March 19, 2019.

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May 10, 2019
Featured Insight

Budget 2019: International Tax Changes Announced

On March 19, 2019, the Federal Minister of Finance, Bill Morneau, presented the Liberal government’s final Budget before the 2019 election.

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Mar 29, 2019
Featured Insight

The Novel Exemptive Relief Chronicles Public Mutual Funds Permitted to Invest Limited Amounts in Private Pooled Funds

These bulletins will review unique and interesting exemptive relief orders issued at times by the CSA to Canada's investment funds and asset management industry

Read More
Feb 12, 2019
Featured Insight

What Does This Letter From The Ontario Securities Commission Mean?

A company contacted by the Enforcement Branch of the Ontario Securities Commission (“Commission”) is often unfamiliar with the context of the document that it has received.

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Feb 7, 2019
Featured Insight

Will my Securities Investigation Evidence be Subject to FIPPA?

It is generally safe to assume that records given to government institutions will be subject to freedom of information/access to information legislation.

Read More
Nov 26, 2018
Featured Insight

Breaking New Ground: SEC Updates Rules to Modernize Property Disclosures Required for Mining Issuers

The Securities and Exchange Commission's new rule amendments seek to modernize the property disclosure requirements for mining registrants in the United States.

Read More
Nov 24, 2018
Featured Insight

Cooperating to Create a National Securities Regulator in Canada

On November 9, 2018, Supreme Court of Canada upheld legislation that supports the creation of a national securities regulator under a cooperative system.

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Nov 14, 2018
Featured Insight

The Queen v. Callidus Capital Corporation Overturned; Lenders Breathe a Sigh of Relief, But For How Long?

The decision, released in July 2017, was overturned on November 8, 2018 by the Supreme Court of Canada, offering sought-after certainty for secured lenders.

Read More
Nov 12, 2018
Featured Insight

CSA Publishes Review of Disclosure of Reporting Issuers in the Cannabis Industry

On October 10, 2018, the Canadian Securities Administrators published CSA Staff Notice 51-357, reviewing disclosure practices, deficiencies and best practices.

Read More
Oct 17, 2018
Featured Insight

Liquid Alternatives: This Changes Everything

Join McMillan’s Investment Funds and Asset Management Group for an interactive panel discussion to learn more about the impact of the new laws and details.

Details
October 15, 2018 - 8:00 am to 9:30 am
Featured Insight

Revocation of the “Northwestern Exemption”

On August 15, 2018, the CSA announced that certain regulatory authorities will be revoking their registration exemptions that form the "Northwestern Exemption".

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Aug 29, 2018
Featured Insight

The Alberta Securities Commission Expands Prospectus Exemptions for Distributions Outside Alberta

The ASC has updated ASC Rule 72-501 Distributions to Purchasers Outside Alberta and its companion policy to facilitate cross-border investment.

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Aug 22, 2018
Featured Insight

CSA Publishes Results of Continuous Disclosure Reviews

The CSA published Staff Notice 51-355, summarizing a review of reporting issuers' continuous disclosure and highlights deficiencies and best practices.

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Aug 21, 2018
Featured Insight

Finance Proposes Amendments to Limit Holding Company – Input Tax Credit Claims (“ITC”) and Seeks Consultations on Further Possible Changes

Dept of Fin proposed amendments describing conditions for when taxable acquisitions imports of property or services by holding companies could make ITC claims

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Aug 7, 2018
Featured Insight

CSA Reinforces Position that Securities Laws Apply to Cryptocurrency Offerings, Confirms Regulatory Scrutiny for Industry Participants

Jun 11, 2018, CSA published Staff Notice 46-308 – Securities Law Implications for Offerings of Tokens providing regulatory guidance on token and coin offerings.

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Jul 19, 2018
Featured Insight

CSA Releases Client-Focused Reforms to NI 31-103 in Response to Client-Registrant Relationship Concerns

June 21, 2018, the CSA released reforms to better align the interests of securities advisors, dealers, and representatives with the interests of their clients.

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Jul 18, 2018
Featured Insight

Canada’s Use of its National Security Power

The Government of Canada's decision to reject the proposed acquisition of Aecon, a major Canadian construction services firm, by China Communications

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Jun 1, 2018
Featured Insight

Proposed CSA Derivatives Registration Rule Part 1 – Who Must Register

On April 19, 2018, the Canadian Securities Administrators (the "CSA") published new draft rules governing the registration of derivatives market participants.

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May 28, 2018
Featured Insight

B.C. Government Unveils Trio of Cannabis Bills for Provincial Cannabis Regulation

British Columbia's provincial government unveiled its draft legislation on the regulation and implementation of non-medical (consumer) cannabis in the province.

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May 23, 2018
Featured Insight

Darcy Ammerman wrote about five interest rate provisions to be aware of prior to financing

some of the most important interest rate provisions to be aware of

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May 15, 2018
Featured Insight

CSA Considers Reforms to the Syndicated Mortgage Regime and Seeks Input from Industry Participants

CSA Considers Reforms to the Syndicated Mortgage Regime and Seeks Input from Industry Participants

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May 10, 2018
Featured Insight

Amending the Canada Business Corporations Act– Bill C-25 Receives Royal Assent

Amendments will amend requirements regarding the election of directors, make mandatory certain diversity disclosure and impact shareholder communications for federally-regulated public companies

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May 9, 2018
Featured Insight

Making “The Golden Years” Truly Golden – OSC Seniors Strategy Establishes Guideposts for Registrants to Tailor Services to Older Clientele

Ontario Securities Commission (the "OSC") published OSC Staff Notice 11-779 Seniors Strategy and brings attention to the unique challenges relating to the financial lives of Ontario seniors (65+)

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May 7, 2018
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Securities Regulators Looking for Market Commentary on Soliciting Dealer Agreements

April 12 2018 Canadian Securities Administrators publish CSA Staff Notice 61-303 and Request for Comment Soliciting Dealer Arrangements to deepen understanding of use of soliciting dealer arrangements

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Apr 18, 2018
Featured Insight

No Longer a “Land of Confusion” – OSC Rule 72-503 and Upcoming Amendments Regarding Distributions Outside Canadian Borders Help Lift the Fog

Prospectus exemptions introduced by Rule 72-503 as well as exemptions for the resale of securities outside of Canada scheduled to come into force on June 12, 2018

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Apr 18, 2018
Featured Insight

An Update on CSA Policy Initiatives to Reduce Regulatory Burden for Reporting Issuers

An Update on CSA Policy Initiatives to Reduce Regulatory Burden for Reporting Issuers

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Apr 17, 2018
Featured Insight

Bud Branders Beware: Proposed Cannabis Packaging and Labeling Requirements Don’t Leave Room for Imagination

Bill C-45 provides summary of feedback received during Health Canada's 60-day public consultation period on its proposed regulatory approach and also provides clear guidance on packaging and labeling

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Apr 2, 2018
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Guidance to Exempt Market Dealers on Account Opening Procedures

On December 19, 2017 the Alberta Securities Commission published ASC Notice 31-701–Account Opening Assistance to provide guidance on collection of know your client information

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Mar 30, 2018
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In Aurora, Securities Regulators Affirm the New Take-over Bid Regime and Signal that Exemptive Relief under the New Regime will Prove to be Difficult and that Tactical Shareholder Rights Plans may be Extinct

The OSC and the FCAAS released their reasons for the orders granted concerning the hostile take-over bid by Aurora Cannabis Inc. for CanniMed Therapeutics Inc.

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Mar 20, 2018
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McMillan Client Alert – The CSA Release A New and Improved Suppression of Terrorism Report

The Canadian Securities Administrators have published CSA Staff Notice 31-352 Monthly Suppression of Terrorism and Canadian Sanctions Reporting Obligations.

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Mar 16, 2018
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B.C.’s Budding Industry: Provincial Government Announces New Key Policy Decisions on Cannabis

BC government announced policy decisions on the regulation of consumer cannabis. Each province to determine how cannabis will be distributed and sold in their jurisdictions

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Feb 19, 2018
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Ontario Court of Appeal Provides Guidance on Insider Trading and Tipping in Finkelstein v. OSC

When should one ought to know that their tip is from an insider?

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Feb 12, 2018
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Observations from the Eco Oro Proxy Contest

Today marks the first anniversary of the start of what was likely the most acrimonious proxy fight in Canada in 2017.

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Feb 10, 2018
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Ontario’s Whistleblower Regime: Civil Cause of Action for Reprisals Now Possible

New statutory cause of action added to Ontario's securities legislation, meaning that reprisal claims by whistleblowers may be filed in court or through arbitration.

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Feb 6, 2018
Featured Insight

Key Corporate Governance and Disclosure Developments in 2017

Key Corporate Governance and Disclosure Developments in 2017

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Dec 4, 2017
Featured Insight

CSA Consider Reforms to Determining Director and Audit Committee Member Independence

CSA Consider Reforms to Determining Director and Audit Committee Member Independence

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Nov 22, 2017
Featured Insight

CSA Publishes Review of Disclosure of Women on Boards and in Executive Officer Positions

CSA Publishes Review of Disclosure of Women on Boards and in Executive Officer Positions

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Nov 7, 2017
Featured Insight

OSC Grants Exemptive Relief to Token Funder Inc.

OSC Grants Exemptive Relief to Token Funder Inc.

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Nov 1, 2017
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Securities Regulators Ban Short-Term Binary Options

Securities Regulators Ban Short-Term Binary Options

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Oct 24, 2017
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CSA Release Oversight Review Report of the MFDA

CSA Releases Oversight Review Report of the MFDA

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Oct 10, 2017
Featured Insight

Divergent Regulatory Approaches to Cryptocurrency Offerings: Developments in Canada, the United States, and China

Divergent Regulatory Approaches to Cryptocurrency Offerings: Developments in Canada, the United States, and China

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Oct 9, 2017
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BCSC Improves Crowdfunding Rules

BCSC Improves Crowdfunding Rules

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Oct 3, 2017
Featured Insight

CSA amendments to NI 31-103 and NI 33-109 to enhance custody requirements and housekeeping changes

CSA amendments to NI 31-103 and NI 33-109 to enhance custody requirements and housekeeping changes

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Sep 12, 2017
Featured Insight

Ontario Government to Grow LCBO: Recreational Cannabis to be sold at Government Stores

Ontario Government to Grow LCBO: Recreational Cannabis to be sold at Government Stores

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Sep 8, 2017
Featured Insight

McMillan Advises on First Initial Coin Offering Granted Exemptive Relief by Canadian Securities Regulators

McMillan Advises on First Initial Coin Offering Granted Exemptive Relief by Canadian Securities Regulators

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Sep 4, 2017
Featured Insight

Strong Roots in Stormy Weather: Federal Government Affirms Commitment to Legalize Cannabis by July 2018 in Light of Premier Uncertainty

Strong Roots in Stormy Weather: Federal Government Affirms Commitment to Legalize Cannabis by July 2018 in Light of Premier Uncertainty

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Aug 16, 2017
Featured Insight

MFDA Announces New Proficiency Standards for Selling ETFs

MFDA Announces New Proficiency Standards for Selling ETFs

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Aug 9, 2017
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HKEX’s Proposed New Board Presents Unique Opportunities for Early Stage Tech Canadian Companies

HKEX's Proposed New Board Presents Unique Opportunities for Early Stage Tech Canadian Companies

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Jul 19, 2017
Featured Insight

SCC Confirms Directors Can Be Personally Liable in Cases of Oppression

SCC Confirms Directors Can Be Personally Liable in Cases of Oppression

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Jul 18, 2017
Featured Insight

Canadian Securities Administrators Propose New Prospectus Exemption for Resale of Securities of a Foreign Issuer

Canadian Securities Administrators Propose New Prospectus Exemption for Resale of Securities of a Foreign Issuer

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Jul 10, 2017
Featured Insight

Compliant at this Time: Canada’s Options Regarding its Treaty Obligations and the Legalization and Regulation of Non-Medical Cannabis

Compliant at this Time: Canada's Options Regarding its Treaty Obligations and the Legalization and Regulation of Non-Medical Cannabis

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Jul 6, 2017
Featured Insight

Proposed Amendments to TSX Company Manual relating to Personal Information Forms, Declaration Forms, and Listing Applications

Proposed Amendments to TSX Company Manual relating to Personal Information Forms, Declaration Forms, and Listing Applications

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Jun 28, 2017
Featured Insight

Investment Canada Act Threshold Increases to $1 Billion (Cdn)

Investment Canada Act Threshold Increases to $1 Billion (Cdn)

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Jun 22, 2017
Featured Insight

Taking CASL by Storm: Compliance Tips for Investment Fund Managers

Taking CASL by Storm: Compliance Tips for Investment Fund Managers

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Jun 15, 2017
Featured Insight

Ontario Divisional Court Decision Confirms Shareholders’ Right to Requisition a Meeting

Ontario Divisional Court Decision Confirms Shareholders' Right to Requisition a Meeting

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Jun 8, 2017
Featured Insight

Regulators Rethink “Best Interest” Standard for Registrants

Regulators Rethink "Best Interest" Standard for Registrants

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May 30, 2017
Featured Insight

Proxy Access in Canada — Another US Corporate Law Practice Makes Its Way Up North

Proxy Access in Canada -- Another US Corporate Law Practice Makes Its Way Up North

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May 17, 2017
Featured Insight

Reducing Regulatory Burdens for Reporting Issuers – CSA Seeks Public Comment

Reducing Regulatory Burdens for Reporting Issuers – CSA Seeks Public Comment

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Apr 17, 2017
Featured Insight

Prohibition to Go Up in Smoke: Government of Canada Introduces Legislation to Legalize and Regulate Non-Medical Access to Cannabis

Prohibition to Go Up in Smoke: Government of Canada Introduces Legislation to Legalize and Regulate Non-Medical Access to Cannabis

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Apr 17, 2017
Featured Insight

The tides are changing for cyber regulation, and you may need to take action in order to stay afloat

The tides are changing for cyber regulation, and you may need to take action in order to stay afloat

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Apr 5, 2017
Featured Insight

The US Trust Indenture Act, Out of Court Restructurings and the Marblegate Decision

The US Trust Indenture Act, Out of Court Restructurings and the Marblegate Decision

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Apr 4, 2017
Featured Insight

The OSC’s Draft Statement of Priorities for 2017-2018

The OSC's Draft Statement of Priorities for 2017-2018

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Apr 3, 2017
Featured Insight

Regulators Release Detailed Data from Review of Women on Boards and in Executive Officer Positions

Regulators Release Detailed Data from Review of Women on Boards and in Executive Officer Positions

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Apr 3, 2017
Featured Insight

Interoil/Exxon Plan of Arrangement: Third Time’s A Charm

Interoil/Exxon Plan of Arrangement: Third Time's A Charm

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Mar 24, 2017
Featured Insight

TSX Issuers to Review Majority Voting Policies after TSX Identifies Deficiencies

TSX Issuers to Review Majority Voting Policies after TSX Identifies Deficiencies

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Mar 20, 2017
Featured Insight

The Concerns with Social Media use by Reporting Issuers in Canada

The Concerns with Social Media use by Reporting Issuers in Canada

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Mar 15, 2017
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Changes to TSX-V Policy 5.2 to Impact Issuers – Undertaking a Change of Business or Reverse Takeover

Changes to TSX-V Policy 5.2 to Impact Issuers - Undertaking a Change of Business or Reverse Takeover

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Feb 1, 2017
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CSA Publish Final Proxy Voting Protocols

CSA Publish Final Proxy Voting Protocols

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Feb 1, 2017
Featured Insight

Consultation on the Option of Discontinuing Embedded Commissions

Consultation on the Option of Discontinuing Embedded Commissions

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Jan 31, 2017
Featured Insight

CSA Provides Cybersecurity Risk Disclosure Guidance and Best Practices for Reporting Issuers

CSA Provides Cybersecurity Risk Disclosure Guidance and Best Practices for Reporting Issuers

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Jan 6, 2017
Featured Insight

No Changes to Arrangements: Alberta Court of Appeal Upholds Directors’ Choice of Transaction Structure in Merger of Marquee Energy Ltd. and Alberta Oilsands Inc.

No Changes to Arrangements: Alberta Court of Appeal Upholds Directors' Choice of Transaction Structure in Merger of Marquee Energy Ltd. and Alberta Oilsands Inc.

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Jan 6, 2017
Featured Insight

China’s Capital Controls – Implications for China Focused Companies

China's Capital Controls - Implications for China Focused Companies

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Jan 5, 2017
Featured Insight

Task Force Releases Report on Cannabis Legalization in Canada

Task Force Releases Report on Cannabis Legalization in Canada

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Dec 19, 2016
Featured Insight

CSA Release MFDA Oversight Review Report

CSA Release MFDA Oversight Review Report

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Dec 17, 2016
Featured Insight

Hecla Decision—The British Columbia Securities Commission Continues to Narrow the Use of the Public Interest Power

Hecla Decision—The British Columbia Securities Commission Continues to Narrow the Use of the Public Interest Power

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Dec 11, 2016
Featured Insight

Court of Appeal Overturns Approval of US$2.3 Billion Merger Between InterOil and ExxonMobil

Court of Appeal Overturns Approval of US$2.3 Billion Merger Between InterOil and ExxonMobil

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Dec 3, 2016
Featured Insight

Introducing Liquid Alternatives: Game changer for Canadian hedge funds

Introducing Liquid Alternatives: Game changer for Canadian hedge funds

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Nov 9, 2016
Featured Insight

Women on Boards: Regulators Release Modest Results of “Comply or Explain” Disclosure Requirements

Women on Boards: Regulators Release Modest Results of "Comply or Explain" Disclosure Requirements

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Oct 14, 2016
Featured Insight

CSA Publish Update on Cybersecurity for Market Participants

CSA Publish Update on Cybersecurity for Market Participants

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Oct 6, 2016
Featured Insight

CSA Publishes Results of Annual Continuous Disclosure Reviews

CSA Publishes Results of Annual Continuous Disclosure Reviews

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Aug 31, 2016
Featured Insight

OSC Proposes New Rule Regarding Distributions Outside of Canada

OSC Proposes New Rule Regarding Distributions Outside of Canada

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Aug 30, 2016
Featured Insight

Prospectus Exemption for Start-Up Businesses

Prospectus Exemption for Start-Up Businesses

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Aug 2, 2016
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Senate Committee Report Promotes Dismantling Internal Trade Barriers within Canada

Senate Committee Report Promotes Dismantling Internal Trade Barriers within Canada

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Jul 16, 2016
Featured Insight

Let the Good Times Roll: Court Allows the Free Flow of Liquor Across Provincial Borders

Let the Good Times Roll: Court Allows the Free Flow of Liquor Across Provincial Borders

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Jul 13, 2016
Featured Insight

Tips for Startups – Understanding the Stages of Equity Financing

Tips for Startups – Understanding the Stages of Equity Financing

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Jul 11, 2016
Featured Insight

Adoption of Amendments to Start-up Crowdfunding Blanket Orders

Adoption of Amendments to Start-up Crowdfunding Blanket Orders

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Jul 8, 2016
Featured Insight

Tips for Startups – Understanding Debt vs. Equity Investments

Tips for Startups - Understanding Debt vs. Equity Investments

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Jul 5, 2016
Featured Insight

Will Virtual Meetings Become a Reality in Canada?

Will Virtual Meetings Become a Reality in Canada?

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Jun 24, 2016
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CSA Propose Reforms to the Client-Registrant Relationship Model and a Regulatory Best Interest Standard

CSA Propose Reforms to the Client-Registrant Relationship Model and a Regulatory Best Interest Standard

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Jun 14, 2016
Featured Insight

Proposed Amendments to TSX Company Manual relating to Disclosure Requirements for Issuer Websites and Security Based Compensation Arrangements

Proposed Amendments to TSX Company Manual relating to Disclosure Requirements for Issuer Websites and Security Based Compensation Arrangements

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Jun 3, 2016
Featured Insight

Raising Capital and Planning an IPO in Healthcare and Life Sciences

For organizations considering, preparing for, or undergoing a major transaction – be it an IPO, sale or a milestone event – building a strategy to stay ahead can be a challenge.

Details
May 31, 2016 - 7:30 AM to 9:15 AM
Featured Insight

Venture Issuers are Reminded to Consider Recent Regulatory Developments

Venture Issuers are Reminded to Consider Recent Regulatory Developments

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May 16, 2016
Featured Insight

TSX Seeks Public Comment on Proposed Amendments to DRIP Rules

TSX Seeks Public Comment on Proposed Amendments to DRIP Rules

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May 6, 2016
Featured Insight

CSA Provides Further Guidance to NI 31-103 Cost Disclosure and Performance Reports

CSA Provides Further Guidance to NI 31-103 Cost Disclosure and Performance Reports

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May 4, 2016
Featured Insight

Do Securities Laws Apply to Private Ontario Companies?

Do Securities Laws Apply to Private Ontario Companies?

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Apr 29, 2016
Featured Insight

Conduct Controlled: CSA Proposes Derivatives Business Conduct Rules

Conduct Controlled: CSA Proposes Derivatives Business Conduct Rules

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Apr 26, 2016
Featured Insight

CSA Publishes Final Report on Proxy Voting Infrastructure and Proposes Voting Protocols

CSA Publishes Final Report on Proxy Voting Infrastructure and Proposes Voting Protocols

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Apr 19, 2016
Featured Insight

2015 Securities Year in Review

2015 Securities Year in Review

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Mar 22, 2016
Featured Insight

New Investment Dealer Prospectus Exemption Adopted

New Investment Dealer Prospectus Exemption Adopted

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Feb 11, 2016
Featured Insight

CSA Updates Guidance on Disclosure of Non-GAAP Financial Measures

CSA Updates Guidance on Disclosure of Non-GAAP Financial Measures

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Jan 25, 2016
Featured Insight

TSX and TSXV provide guidance on new rights offering exemptions

TSX and TSXV provide guidance on new rights offering exemptions

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Jan 22, 2016
Featured Insight

Can the New Crowdfunding Exemption Be Used for Debt Securities?

Can the New Crowdfunding Exemption Be Used for Debt Securities?

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Jan 6, 2016
Featured Insight

CSA Proposes Amended Risk Disclosure for Mutual Funds and ETFs

On December 10, 2015, the Canadian Securities Administrators published proposed amendments to risk disclosure requirements for mutual funds and exchange-traded mutual funds.

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Dec 21, 2015
Featured Insight

Ontario Securities Commission: Please Comment on Whistleblower Policy

Ontario Securities Commission: Please Comment on Whistleblower Policy

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Nov 3, 2015
Featured Insight

Ontario Securities Commission: Please Comment on Whistleblower Policy

Ontario Securities Commission: Please Comment on Whistleblower Policy

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Nov 3, 2015
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Progress on gender diversity, but still work to be done: CSA reports on compliance with the new gender diversity disclosure rules

Progress on gender diversity, but still work to be done: CSA reports on compliance with the new gender diversity disclosure rules

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Oct 22, 2015
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Rights (offering) on the money: CSA announces changes to rights offering prospectus exemptions

Rights (offering) on the money: CSA announces changes to rights offering prospectus exemptions

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Oct 7, 2015
Featured Insight

It is Time to Rethink the Use of Fiduciary Out Termination Provisions and the Restriction on Changes in Board Recommendation in Canadian Merger Agreements[1]

It is Time to Rethink the Use of Fiduciary Out Termination Provisions and the Restriction on Changes in Board Recommendation in Canadian Merger Agreements1

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Sep 26, 2015
Featured Insight

Federal Government Issues Guidance under the Extractive Sector Transparency Measures Act

Federal Government Issues Guidance under the Extractive Sector Transparency Measures Act

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Sep 18, 2015
Featured Insight

Shrink-wrapped: Why foreign issuers may still require a Canadian wrapper

Shrink-wrapped: Why foreign issuers may still require a Canadian wrapper

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Sep 17, 2015
Featured Insight

2 Become 1: CSA Proposes Creation of Single Exempt Distribution Reporting Regime

2 Become 1: CSA Proposes Creation of Single Exempt Distribution Reporting Regime

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Aug 20, 2015
Featured Insight

SPACs, The “New” Private Equity Vehicle in Canada – An Asset Class of $800M and Growing

SPACs, The "New" Private Equity Vehicle in Canada – An Asset Class of $800M and Growing

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Jun 30, 2015
Featured Insight

CSA Proposes New Disclosure Requirement for Exchange Traded Funds

CSA Proposes New Disclosure Requirement for Exchange Traded Funds

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Jun 29, 2015
Featured Insight

Canada Enacts Extractive Sector Transparency Measures Act

Canada Enacts Extractive Sector Transparency Measures Act

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Jun 14, 2015
Featured Insight

Certain Canadian Securities Regulators Adopt Crowdfunding Prospectus Exemption for Start-ups

Certain Canadian Securities Regulators Adopt Crowdfunding Prospectus Exemption for Start-ups

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Jun 6, 2015
Featured Insight

Certain Canadian Securities Regulators Adopt Crowdfunding Prospectus Exemption for Start-ups

Certain Canadian Securities Regulators Adopt Crowdfunding Prospectus Exemption for Start-ups

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Jun 6, 2015
Featured Insight

Certain Canadian Securities Regulators Adopt Crowdfunding Prospectus Exemption for Start-ups

Certain Canadian Securities Regulators Adopt Crowdfunding Prospectus Exemption for Start-ups

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Jun 6, 2015
Featured Insight

Tapping Into New Markets – Dual Listing on the New Santiago Stock Exchange, Venture

Tapping Into New Markets – Dual Listing on the New Santiago Stock Exchange, Venture

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Jun 2, 2015
Featured Insight

OSC Adopts Existing Security Holder Prospectus Exemption

OSC Adopts Existing Security Holder Prospectus Exemption

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May 27, 2015
Featured Insight

British Columbia Securities Commission Seeks to Limit Exercise of Public Interest Power in the Enforcement Context

British Columbia Securities Commission Seeks to Limit Exercise of Public Interest Power in the Enforcement Context

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May 20, 2015
Featured Insight

Confidentiality Protections Squashed by SEC

Confidentiality Protections Squashed by SEC

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Apr 29, 2015
Featured Insight

Is Your Investor Presentation NI 43-101 Compliant? CSA Staff Notice 43-309 Review of Website Investor Presentations by Mining Issuers Provides Some Guidance

Is Your Investor Presentation NI 43-101 Compliant? CSA Staff Notice 43-309 Review of Website Investor Presentations by Mining Issuers Provides Some Guidance

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Apr 26, 2015
Featured Insight

A Tailored Fit: Streamlined Disclosure Rules to Suit Venture Issuers

A Tailored Fit: Streamlined Disclosure Rules to Suit Venture Issuers

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Apr 17, 2015
Featured Insight

International Payments in RMB

International Payments in RMB

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Mar 27, 2015
Featured Insight

Limited Partnerships: When to Head to Manitoba and When to Stay at Home?

Limited Partnerships: When to Head to Manitoba and When to Stay at Home?

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Mar 12, 2015
Featured Insight

Time to Make it Clear, Part II: The CSA Publishes Notice and Request for Comments on Proposed Rules for Mandatory Central Counterparty Clearing of OTC Derivatives

Time to Make it Clear, Part II: The CSA Publishes Notice and Request for Comments on Proposed Rules for Mandatory Central Counterparty Clearing of OTC Derivatives

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Mar 11, 2015
Featured Insight

CSA Adopts Amendments to Accredited Investor and Minimum Amount Investment Prospectus Exemptions Managed Accounts are now Accredited Investors for Investment Funds in Ontario

CSA Adopts Amendments to Accredited Investor and Minimum Amount Investment Prospectus Exemptions
Managed Accounts are now Accredited Investors for Investment Funds in Ontario

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Feb 24, 2015
Featured Insight

Proxy Voting in Canada Needs Modernization

Proxy Voting in Canada Needs Modernization

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Feb 22, 2015
Featured Insight

CSA Publishes Update on Proposal for Alternative Investment Funds

CSA Publishes Update on Proposal for Alternative Investment Funds

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Feb 18, 2015
Featured Insight

Different But The Same: Five Additional Provinces Propose OTC Derivatives Trade Reporting Rules

Different But The Same: Five Additional Provinces Propose OTC Derivatives Trade Reporting Rules

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Feb 4, 2015
Featured Insight

Voluntary Delisting and Deference: TSX Proposes Changes to the Company Manual

Voluntary Delisting and Deference: TSX Proposes Changes to the Company Manual

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Jan 26, 2015
Featured Insight

FINTRAC Releases Policy Interpretations Containing Guidance for International Dealers

FINTRAC Releases Policy Interpretations Containing Guidance for International Dealers

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Jan 23, 2015
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TSX Proposes New Listing Requirements for Exchange Traded Products, Closed-End Funds and Structured Products

TSX Proposes New Listing Requirements for Exchange Traded Products, Closed-End Funds and Structured Products

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Jan 23, 2015
Featured Insight

Galway Decision – The British Columbia Securities Commission Confirms Standard of Review for Stock Exchange Decisions

Galway Decision – The British Columbia Securities Commission Confirms Standard of Review for Stock Exchange Decisions

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Nov 26, 2014
Featured Insight

New Disclosure Rules for Women on Boards for the 2015 Proxy Season

New Disclosure Rules for Women on Boards for the 2015 Proxy Season

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Oct 22, 2014
Featured Insight

Augusta decision—the British Columbia Securities Commission holds that the Right of a Shareholder to Tender to a Bid Remains Paramount

Augusta decision—the British Columbia Securities Commission holds that the Right of a Shareholder to Tender to a Bid Remains Paramount

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Jul 7, 2014
Featured Insight

Canadian Regulators Respond to Concerns of OTC Derivatives Market Participants: OSC Makes Amendments to Trade Reporting Rules

Canadian Regulators Respond to Concerns of OTC Derivatives Market Participants: OSC Makes Amendments to Trade Reporting Rules

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Apr 24, 2014
Featured Insight

New Prospectus Exemption for Canadian Listed Issuers for Placements to Existing Security Holders

New Prospectus Exemption for Canadian Listed Issuers for Placements to Existing Security Holders

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Mar 19, 2014
Featured Insight

TSX Adoption of Amendments – Majority Voting Requirement

TSX Adoption of Amendments – Majority Voting Requirement

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Feb 9, 2014
Featured Insight

OSC Proposes Amendments to Form 58-101FI to Encourage Gender Diversity on Boards and in Senior Management

OSC Proposes Amendments to Form 58-101FI to Encourage Gender Diversity on Boards and in Senior Management

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Feb 6, 2014
Featured Insight

A New Opportunity for TSX-V Issuers: Proposed Prospectus Exemption for Placements to Existing Security Holders

A New Opportunity for TSX-V Issuers: Proposed Prospectus Exemption for Placements to Existing Security Holders

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Nov 26, 2013
Featured Insight

OSC issues proposal on disclosure regarding women on boards and in senior management

OSC issues proposal on disclosure regarding women on boards and in senior management

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Aug 7, 2013
Featured Insight

Legal-Framework and Mechanics of Going Private Transactions in Canada

Legal-Framework and Mechanics of Going Private Transactions in Canada

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Jul 2, 2013
Featured Insight

Leniency applicants now debarred from federal procurement

leniency applicants now debarred from federal procurement

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Nov 28, 2012