The European Banking Authority (EBA) has published an opinion welcoming the European Commission’s (the Commission) proposal to bring virtual currency exchange platforms and custodian wallet providers within the scope of the Fourth Money Laundering Directive (4MLD).
The Competition and Markets Authority (CMA) has published a corrigendum to its final report on the retail banking market investigation.
Recently, I was contacted by a small business owner who had an unpleasant conversation with a Canada Revenue Agency (“CRA”) collections officer about an outstanding goods and services tax/harmonized sales tax (“GST/HST”) assessment against his small company (of which he was a director).
Canada’s Economic Sanctions and Admissibility into Canada: Employees of Designated Companies May Not Get into Canada
An employee of a designated entity under Canada’s economic sanctions laws may be determined to be inadmissible into Canada and denied entry due to concerns that their employer is subject to sanctions.
The Payments Association of South Africa (“PASA”), the payments system management body of that country, recently announced a new biometric verification specification, which is set to become the standard for biometric payments throughout South Africa.
On November 18, 2015, the Canada Border Services Agency issued D-Memorandum D-2-1-5 “Bequests – Tariff Item No. 9806.00.00”.
A business subject to a class action receives a “without prejudice” letter from a potential class member offering to settle a small personal claim for nearly a million dollars, or else the writer will “go public” with the allegations and seek class certification.
The answer is “Yes”, and it happens on a regular basis.
In Essar Steel Algoma Inc. (Re), Justice David Brown of the Ontario Court of Appeal held that the ambit of orders “made under” the Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36 (the “CCAA”), and thus requiring leave to be appealed, is broad.
DB Pension Plans and Ontario’s Consultation On Solvency Funding Rules – Now is the Opportunity for Employers to Speak Up
Employers that sponsor defined benefit (“DB”) pension plans know that contribution requirements can be volatile and onerous, especially given current low interest rates.