Proposed amendments to National Instrument 45-102 Resale of Securities (NI 45-102)

The Canadian Securities Administrators (CSA) recently published for comment proposed amendments to National Instrument 45-102 Resale of Securities (NI 45-102) that would introduce a new prospectus exemption for the resale of securities of a foreign issuer.

Proposed Exemptions

The proposed exemption …

Keep reading

Permanent immigration to get easier for French and English speakers, those with Canadian siblings

In an effort to attract more skilled foreign talent, Canada is making it easier for applicants with siblings in Canada and those who are bilingual in French and English to immigrate permanently. As of June 6, 2017, qualifying applicants will

Keep reading

Discretionary powers and the duty of good faith

A fundamental principle of contract law in Canada is that the parties to a contract are usually free to negotiate and agree upon any terms which will advance their respective (and sometimes mutual) interests. That being said, there are certain …

Keep reading

Removing immigration roadblocks key to filling tech talent pool

According to the 2017 Global Startup Ecosystem Ranking, Vancouver has replaced Toronto as Canada’s dominant tech startup city.

Startup Genome, a platform dedicated to helping nurture and maintain thriving tech startup ecosystems around the world, drafted the rankings. In doing …

Keep reading

Foreign Private Issuers soon required to submit financial data in XBRL

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

Stricter enforcement from the regulators

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

Business travel to the USA after President Trump’s Executive Order: How Canadians and PRs are affected

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

Confidentiality agreements and whistleblower compliance

Staff in the Office of Compliance Inspections and Examinations (the “Staff”) recently issued a Risk Alert[1] (the “Risk Alert”) regarding compliance with key whistleblower provisions arising out of the Dodd-Frank Wall Street Reform and Consumer

Keep reading

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.…

Keep reading

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 …

Keep reading