SEC amends Rules 147 and 504 under the Securities Act

The U.S. Securities and Exchange Commission (the “SEC”) recently adopted final rules that are intended to modernize how companies can raise money to fund their businesses through intrastate (Rules 147 and 147A) and small offerings (Rule 504) while maintaining investor protections.…

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No ‘adorable’ way to discuss wage discrimination

This time last year the Hollywood actress Jennifer Lawrence spoke out about making less than her male co-stars after the Sony hack revealed payroll figures on the internet. She questioned whether she had failed as a negotiator when her male …

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Craft beer and trade-marks: 5 essential questions

Picture this: you are a craft brewery owner. Business is great – your sales are growing and you are increasing production. Without warning, the unthinkable occurs: you get a letter from the lawyers for Mega Brewing Corp. The lawyers claim …

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Legal basics of procurement – Part 2 (Duty of good faith)

The following article discusses the differences between traditional tendering contracts and request for proposals (or RFPs), in relation to the duty of good faith.

1. What is an invitation to tender?

The formative Canadian decision on the tendering process and …

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Bill C-25 proposes amendments to the Canada Business Corporations Act

Last week, Bill C-25 was introduced which would amend the Canada Business Corporations Act (the “CBCA”) to, among other things, make “majority voting” mandatory for all “distributing corporations” and would require prescribed disclosure on diversity for “prescribed corporations”. …

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Cyber security

Cyber security has been identified as a priority area in the Canadian Securities Administrators (“CSA”) 2016‑2019 Business Plan as well as by some CSA members. Accordingly, the CSA is working to promote cyber security awareness and resilience. More …

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OSC Proposes Rule for Distributions Outside of Canada

The Ontario Securities Commission (the “OSC”) has published for comment Proposed OSC Rule 72‑503 – Distributions Outside of Canada and its related companion policy (the “Proposed Rule”).  The OSC has requested comment on the Proposed Rule by …

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Do you have a workplace harassment policy and program? – It’s a requirement

We take this opportunity to remind you that every employer in British Columbia is required to develop, implement and maintain both a workplace harassment policy and workplace harassment program. This obligation stems from section 115 of the Workers Compensation Act

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Improving your continuous disclosure

Recently, the Canadian Securities Administrators (the “CSA”) released the results of their Continuous Disclosure Review Program Activities for the Fiscal Year that ended March 31, 2016[1]. The goal of the program is to improve the completeness, …

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Electronic Travel Authorizations required for travel by air to Canada as of September 29, 2016

Visa-exempt business travellers, workers, students, and tourists from countries other than the United States will require an Electronic Travel Authorization (eTA) to fly or transit through Canada by air as of September 29, 2016. The leniency period which allows travel …

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