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Results: 1-10 of 100

Securitizations: not subject to Bulk Sales Act

  • Aird & Berlis LLP
  • -
  • Canada
  • -
  • November 1 2012

The case of CLE Leasing Enterprises Ltd. (Re) deals with an analysis of whether the Ontario Bulk Sales Act (the “BSA”) applies to a securitization transaction

CSA staff provide third update on PPNs

  • Stikeman Elliott LLP
  • -
  • Canada
  • -
  • August 30 2012

CSA staff (but for Quebec) published an update today to supplement their previous notices on Principal Protected Notes (the most recent being published in August 2008

The Bulk Sales Act and securitization transactions

  • Stikeman Elliott LLP
  • -
  • Canada
  • -
  • June 20 2012

Rarely do judicial decisions arising under bulk sales legislation garner much attention

Court finds Bulk Sales Act inapplicable to proposed securitization transaction

  • Stikeman Elliott LLP
  • -
  • 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

Risk retention redux: the international context

  • Stikeman Elliott LLP
  • -
  • Canada
  • -
  • May 7 2012

In comparison to the ongoing regulatory onslaught in Europe and the United States, we in Canada appear to have gotten off pretty lightly and may even have felt that this was completely justifiable given our country’s performance and the high performance standards maintained by Canadian assets throughout the financial crisis

Securitisation in Canada

  • Torys LLP
  • -
  • Canada
  • -
  • May 4 2012

Formalities: In order to create an enforceable debt obligation of the obligor to the seller, (a) is it necessary that the sales of goods or services are evidenced by a formal receivables contract; (b) are invoices alone sufficient; and (c) can a receivable "contract" be deemed to exist as a result of the behaviour of the parties?

For whom the bell tolls: know your limitations

  • Cassels Brock & Blackwell LLP
  • -
  • Canada
  • -
  • April 2 2012

Litigants looking to suspend a limitation period should pay close attention to the recent Ontario Court of Appeal decision in Hamilton (City) v. Metcalfe & Mansfield Capital Corp., 2012 ONCA 156

SEC awarded stay in "no contest" settlement case

  • Stikeman Elliott LLP
  • -
  • Canada
  • -
  • March 19 2012

On March 15, the U.S. Court of Appeals for the Second Circuit issued a stay of proceedings in a case brought against Citigroup Global Markets Inc. by the Securities and Exchange Commission

BCSC extends registration exemption for MIEs until end of year

  • Stikeman Elliott LLP
  • -
  • Canada
  • -
  • March 8 2012

On March 2, the British Columbia Securities Commission (BCSC) extended the exemption from the dealer registration requirement for trades in securities of mortgage investment entities (MIEs) until December 31, 2012

Reforming the markets for over-the-counter derivatives and securitized products

  • Blake Cassels & Graydon LLP
  • -
  • Canada
  • -
  • February 8 2012

In the aftermath of the global financial crisis, provincial securities regulators took aim at derivatives and structured financial transactions