In October 2011, the Ontario Securities Commission (“OSC“) raised the concept of offering no-contest settlements of the sort commonly employed by the US Securities and Exchange Commission (“SEC“).
This week, the Supreme Court of Canada issued two rulings, granted two leave to appeal applications, and dismissed three applications for leave to appeal, in cases likely to be of interest to Canadian businesses and professionals.
The cost of contesting certification in the class action context routinely runs into the hundreds of thousands of dollars.
In situations where developers retain real estate brokers to conduct sales activities on their behalf (for example, in a sales centre), questions may arise as to whether the developer has any obligations under the Proceeds of Crime (Money Laundering) and Terrorist Finance Act (Canada) (the “Act”) and the Proceeds of Crime (Money Laundering) and Terrorist Finance Regulations (the “Regulations”) with respect to purchaser identification and reporting, particularly where the real estate broker is already collecting such information for his or her own purposes.
Although the weather might not yet be cooperating, the Grand Prix and Formula 1 racing in Montréal this weekend is the first real confirmation for many of the start of summer.
Investment Industry Regulatory Organization of Canada Survey Shows Diverse “Best Execution” Practices
Recently, the Investment Industry Regulatory Organization of Canada (IIROC) released the results of a best execution survey it conducted of all its dealer members that execute secondary market trades in listed securities.
When is a class action not the preferable procedure? According to Justice Conway (in Lauzon v. Canada), a class action is not preferable when an inmate grievance procedure “has the potential to provide a ‘just and effective’ remedy” for the claim.
Employee Who Exercises His Right to Refuse to Work On Sunday is Not Entitled to Make-up Shifts During the Week
In a recent decision, the Ontario Labour Relations Board (the Board) decided that, where an employee exercised his right not to work on Sundays, the employer did not have a positive obligation to provide the employee with additional weekday shifts in order to make up for the resulting reduction in his hours.
The FCA has published a speech given by its chief executive, Martin Wheatley. The speech is entitled Making innovation work for firms and consumers.
Supreme Court of Canada Dismisses Appeal and Concludes That a Partner is Not an Employee of a Partnership
On May 22, 2014, the Supreme Court of Canada upheld the British Columbia Court of Appeal’s decision that an equity law firm partner is not an employee for the purposes of the B.C.’s Human Rights Code (the Code).