On January 30, 2009, the Securities and Exchange Commission (“Commission”) adopted rules to require domestic public companies and foreign private issuers that prepare their financial statements in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”), …Keep reading
The Canadian Securities Administrators (the “CSA”) recently released their 2016 Enforcement Report (the “Report”) which highlights actions taken by the CSA across Canada. The Report was summarized by the Chair of the CSA as follows:
The …Keep reading
Canadian citizens and permanent residents (PRs) may be denied entry into the United States due to President Trump’s recent Executive Order, despite assurances suggesting otherwise from the Canadian and U.S. governments. Personal and business travellers should consider planning their trips …Keep reading
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.…Keep reading
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 …Keep reading
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 …Keep reading
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 …Keep reading
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”. …Keep reading