Banking, Bankruptcy & Insolvency
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November 18, 2024
FINTRAC advisory underlines G7 warnings about North Korea, Iran and Myanmar
Canada’s anti-money laundering watchdog is echoing warnings from the Group of Seven (G7) advanced economies cautioning financial institutions to be wary of all transactions emanating from North Korea, Iran, Myanmar and several other jurisdictions.
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November 15, 2024
Aeroplan, TD Bank, CIBC face proposed class action over clawed-back credit card bonus points
Aeroplan, Toronto Dominion Bank (TD Bank) and the Canadian Imperial Bank of Commerce (CIBC) are facing a proposed class action over allegations they clawed back welcome bonus points from Aeroplan account holders who were given the points after they signed up for a second Aeroplan credit card.
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November 12, 2024
New judicial appointments announced in British Columbia
Minister of Justice and Attorney General of Canada Arif Virani announced the appointment of Geoffrey B. Gomery as a justice of appeal of the Court of Appeal for British Columbia and Elin Sigurdson as a judge of the Supreme Court of British Columbia, a Nov. 12 news release announced.
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November 11, 2024
Ontario court grants Sandvine stay under CCAA amid restructuring efforts
Sandvine Corp., once a Waterloo Region tech sector success story, has been granted a stay of proceedings under the Companies’ Creditors Arrangement Act (CCAA) to allow stabilization of its operations and to preserve its value while it undergoes restructuring.
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November 11, 2024
9 articling students return to Lenczner Slaght as associates
Recent news releases from Lenczner Slaght announced the addition of Derek Hooper, Liza Leshchynska, Herschel Chaiet, Jennah Khaled, Mackenzie Faulkner, Alec Verch, Adam Davis, Madeleine Andrew-Gee and Alex Tuccillo as associates. All nine previously summered and articled for the firm.
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November 08, 2024
SCC elaborates on framework, scope for judicial review of regs and other subordinate legislation
The Supreme Court of Canada has ruled 9-0 that the Vavilov “reasonableness” standard for judicial review — informed by some of the Katz Group principles — presumptively applies when courts review whether subordinate legislation is authorized by law.
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November 07, 2024
New counsel joins Dentons in Vancouver
A recent news release from Dentons announced the addition of Sherryl Dubo as counsel in the form’s restructuring, insolvency and bankruptcy group.
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November 06, 2024
4 associates join Lerners Toronto
Recent news releases from Lerners LLP announced the addition of Niloufar Sadroddini, Samantha Lawr, Chelsea McKee and Blaire Smockum as associates in the firm’s Toronto office.
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November 05, 2024
Residential mortgage delinquencies remain low, despite potential signs of risk, says CMHC
The delinquency rate on Canadian residential mortgages remains well below the pre-pandemic level despite higher interest rates, according to Canada Mortgage and Housing Corp. (CMHC).
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November 04, 2024
Fed. Ct. judges take to YouTube to address bar’s & litigants’ non-disclosure of gen-AI court filings
Knowing that at least some (if not how many) lawyers and self-represented litigants are failing to disclose their use of ChatGPT or other generative artificial intelligence (AI) tools when they create content for documents filed in Federal Court, the national trial court has taken the novel step of posting YouTube videos, titled “Compliance with the Notice on the Use of Artificial Intelligence,” featuring judges who explain how to comply with the mandatory AI-use disclosure obligations the court imposed 10 months ago.