The European Commission has published a Communication on crowdfunding together with frequently asked questions.
The RCMP’s Greater Toronto Area Financial Crime team has arrested and charged six people in an alleged fraudulent investment scheme.
On March 26, 2014, the Government of Canada approved four long-term liquefied natural gas (LNG) export licences for Pacific NorthWest LNG, Prince Rupert LNG, WCC LNG and Woodfibre LNG. The four export licences authorize the export of a total of up to 73.38 million tonnes per annum (mtpa) of LNG.
The FCA has published a speech given by its Head of the UK Listing Authority, Marc Teasdale. The speech is entitled Consumer protection in the listing regime.
As we have commented previously, substantive fairness is key in class action settlements.
Crowdfunding and Other Prospectus Exemptions Proposed by the Ontario Securities Commission and Other Canadian Regulators
The Ontario Securities Commission today published for comment four new prospectus exemptions intended to assist companies that are seeking to raise capital, while maintaining an appropriate level of investor protection.
As we have written previously, Canadian courts have taken various approaches to permitting third party claims where they may complicate a class proceeding.
In Voltage Pictures LLC v. John Doe and Jane Doe (2014 FC 161), Voltage, a film company in the United States, demanded that TekSavvy, an Internet provider, disclose the names of approximately 2000 subscribers which Voltage alleged infringed the copyright in its films, including its Oscar nominated film The Hurt Locker, so that it could presumably launch actions against these individuals.
On March 11, 2014, the BC government introduced the Water Sustainability Act into the Legislature for first reading as Bill 18 (Bill).