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The Exchange Blog

Articles: 11-20 of 185

Not Every Vote Matters: Non-Arm’s Length Parties During Proposals Under the Bankruptcy and Insolvency Act

Canada - October 18 2019 FT ENE Canada Inc. (“FECI”) was in the nanofibre business, and was a wholly owned subsidiary of Finetex ENE Inc. (“Finetex”). As a result of…

IIROC & MFDA Release Enforcement Reports

Canada - September 23 2019 Both IIROC and MFDA released their annual enforcement reports at the beginning of summer, which can be found here (IIROC) and here (MFDA). IIROC…

"Appropriate Means" in the Discoverability Analysis: Timing is Everything

Canada - September 17 2019 Although this lengthy decision covers many topics, one of interest relates to the "appropriate means" part of the discoverability analysis when a…

OSC Settles First Ever Case Regarding Best Execution Obligation for Advisers

Canada - August 1 2019 On July 19, 2019, the Ontario Securities Commission (OSC) approved a settlement with Caldwell Investment Management Ltd. (CIM) over failures to…

Creditors’ Forbearance and Settlement Privilege: Not all Communications Regarding Forbearance Will Attract the Cloak of Privilege

Canada - July 31 2019 Bella Senior Care Residences Inc. ("BSCRI"), was the operator of a senior care facility. BSCRI owed money to Canada Life Assurance Company ("CLAC")…

Endossement frauduleux et vol d’identité : la Cour d’appel détermine qui de deux parties innocentes doit subir la perte liée à l’encaissement d’un chèque par un fraudeur

Canada - July 23 2019 Dans Gescoro Inc. c. Rémillard, la Cour d'appel du Québec s'est prononcée sur la question suivante : qui, entre deux parties innocentes, doit subir…

Out-of-province bank accounts are no longer immune from scrutiny by Quebec tax authorities, says the Supreme Court of Canada

Canada - July 11 2019 In the recent decision in 1068754 Alberta Ltd. v. Agence du revenu du Québec, the Supreme Court of Canada confirmed a Quebec Court of Appeal decision…

Les comptes bancaires hors province sous la loupe de Revenu Québec - une décision importante de la Cour suprême du Canada

Canada - July 11 2019 La Cour suprême du Canada vient confirmer la décision de la Cour d'appel du Québec en faveur des Autorités fiscales québécoises relativement à…

Federal Government makes amendments to monthly sanction reporting requirements

Canada - May 21 2019 On March 4, 2019, the federal government published amendments to certain regulations under the United Nations Act and the Special Economic Measures…

Can a finding of a breach of securities law by a securities commission be the basis for professional disciplinary proceedings?

Canada - May 15 2019 In 2004 and 2005, Dale Smith, CPA, was involved in a complex investment structure (the "Norshield Investment Structure") which was presented to…