We use cookies to customise content for your subscription and for analytics. If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.
Canada - January 3 2013
Shareholder activism is not new to Canada, but Pershing Square's 2012 success with CP Rail sent a clear message to Canadian boards: no widely held…
Canada, USA - January 4 2012
Reverse break fees – which are fees paid by the buyer to the seller on the failure of an agreed transaction – are becoming an increasingly standard contractual tool, along with break fees payable by the seller, for allocating the risk of non-consummation of the deal.
USA - December 12 2011
On December 8, 2011, the U.S. Securities and Exchange Commission announced that it had revised its policy relating to confidential submissions of registration statements (and amendments) by foreign private issuers.
Canada, USA - August 15 2011
On July 26, 2011, the U.S. Securities and Exchange Commission adopted new rules under the Dodd-Frank Wall Street Reform and Consumer Protection Act that will (i) eliminate Form F-9, one of the registration statements used by companies under the Multijurisdictional Disclosure System (MJDS) to offer securities in the United States; and (ii) replace investment-grade credit ratings as a basis for issuers being eligible to offer securities using the short-form registration tatements Form S-3 and Form F-3.
Canada, USA - July 5 2011
On June 22, 2011, the Securities and Exchange Commission adopted new rules and amendments (the "Final Rules") under the Investment Advisers Act of 1940, as amended (the Advisers Act), that implement various provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act).
