The fairness budget: was it fair to all? *

Canada - March 27 2013
The Canadian federal budget delivered on March 21, 2013 had a couple of very significant highlights (or perhaps more appropriately characterized as…

Co-authors: Jason Kroft, Douglas J. Klaassen .

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The Bulk Sales Act and securitization transactions *

Canada - June 20 2012
Rarely do judicial decisions arising under bulk sales legislation garner much attention.

Co-authors: Michael D. Rumball.

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Court finds Bulk Sales Act inapplicable to proposed securitization transaction *

Canada - June 13 2012
In a decision sure to pique the interest of the securitization bar, Ontario's Superior Court of Justice has found the Bulk Sales Act inapplicable to a proposed lease and equipment securitization transaction.

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CMHC and covered bonds: be careful what you wish for *

Canada - April 27 2012
On April 26, 2012, the federal government introduced the Jobs, Growth and Long-Term Prosperity Act, the legislation to implement the March 29, 2012 federal budget. Buried in this legislation (over 420 pages!) are significant changes to both the Canada Mortgage and Housing Corporation and the law in respect of Canadian covered bonds that will have direct and material effects on our mortgage and securitization markets.

Co-authors: Douglas J. Klaassen .

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Proposed new CSA exempt distribution rules - new playing field for securitized products not exactly a field of dreams *

Canada - April 25 2011
The proposed exempt distribution rules published for comment by the CSA on April 1, 2011, if enacted as proposed, will have a very significant impact on the exempt market for securitization transactions and would effectively transform the exempt market for securitized products into a quasi-public market.

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