The securities regulators in Alberta, British Columbia, New Brunswick, Nova Scotia, Ontario, Québec and Saskatchewan have published a temporary exemption that allows exempt market dealers (“EMDs”) to participate in prospectus...more
The standard settlement cycle for certain securities in Canada and the United States will be shortened from trade date plus two business days (“T+2”) to trade date plus one business day (“T+1”) in May 2024. A shorter...more
On November 21, 2023, the Government of Canada released its Fall Economic Statement. Among the measures included in the statement are improved tax incentives for Employee Ownership Trusts (“EOTs”)....more
Following a comment period and further review, CNSX Markets Inc. (the CSE) has received approval from the Ontario and British Columbia securities commissions to implement significant changes to its listing policies and forms....more
4/24/2023
/ Canada ,
Capital Markets ,
Closed-End Funds ,
Corporate Governance ,
ETFs ,
Financial Services Industry ,
Investment ,
Listing Rules ,
Regulatory Reform ,
Regulatory Requirements ,
Securities Regulation ,
Special Purpose Acquisition Companies (SPACs)
Employee ownership trusts (EOTs) may soon become one additional avenue for Canadian business owners looking to sell their enterprises. The goal of EOTs is to enable owners to effectively sell their businesses to their...more
In a highly anticipated decision, the Ontario Superior Court of Justice – Commercial List held that Cineworld wrongly terminated its arrangement agreement to acquire Cineplex, which was awarded substantial damages....more
12/24/2021
/ Acquisition Agreements ,
Breach of Contract ,
Business Interruption ,
Canada ,
Contract Terms ,
Coronavirus/COVID-19 ,
Infectious Diseases ,
Investment Canada Act ,
Material Adverse Effects ,
Movie Theaters ,
Ontario ,
Risk Allocation