In his recent decision in 1146845 Ontario Inc. v. Pillar to Post Inc., Justice Perell of the Ontario Superior Court refused to relieve class plaintiffs of their exposure to costs in their unsuccesful defense of a motion to stay the class action.
Canadian Government Announces New Requirements for Credit and Debit Cards and Launches Review of Retail Payment Systems
On April 13, the federal government made two important announcements relating to the regulation of payments and payments systems. First, an update was released to the Code of Conduct for the Credit and Debit Card Industry in Canada (Code of Conduct).
During 2014, many of the significant LNG projects proposed for the West Coast of British Columbia seemed to be making progress.
Justice Perell’s recent decision in Lundy v. Via Rail addresses a number of new issues concerning the individual issues stage of a class action under Ontario’s Class Proceedings Act.
Though the weather suggests otherwise, spring has finally sprung in Ontario. As many condo corporations begin their seasonal cleaning and maintenance routines, our courts are likewise gearing up for significant housekeeping.
Legal Warranties: When Selling Real Estate in Québec, Silence Will Be Used Against You in a Court of Law
One not familiar with the special set of rules outlined in the Civil Code of Québec (the “Civil Code”) will likely be in for a big surprise when selling real estate assets in La Belle Province: if the contractual documentation does not expressly exclude the legal warranties provided for in the Civil Code, the vendor will end up granting to the purchaser a “warranty of ownership” and a “warranty of quality” with respect to the immovable assets being transferred.
On March 31st, the Office of the Superintendent of Financial Institutions (OSFI) released its plans and priorities for 2015 and 2016. While the release contained many familiar themes, some of the plans and priorities are interesting because they signal a new focus for OSFI or a recommitment that may not have been expected.
Ontario Securities Commission Accepts Circumstantial Evidence of Tipping and Insider Trading in Important New Decision
In the recent Azeff decision which followed a contested hearing, the Ontario Securities Commission (OSC) accepted several insider tipping and trading allegations based on “firmly established” circumstantial evidence against an M&A lawyer and four registrants.
In a previous blog entry, we provided comprehensive commentary on the then-recently tabled Liquefied Natural Gas Income Tax Act (the “Act”), the foundational piece of legislation in the B.C. Government’s proposed liquefied natural gas (“LNG”) taxation regime.
A recent article in the Globe and Mail suggested that the banking industry is about to suffer a huge upheaval from the impact of digital technology.