Banking, Bankruptcy & Insolvency
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December 04, 2024
Ontario government appointee to conduct review of OMERS pension fund governance
Former Toronto Port Authority chair Robert Poirier has been hired by the Ontario government to conduct a governance review of the sometimes-challenged Ontario Municipal Employees’ Retirement System (OMERS) — but the largest union with OMERS members is expressing reservations about the pick.
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December 03, 2024
BCSC panel imposes over $18M in sanctions for crypto trading platform fraud
A panel of the British Columbia Securities Commission has imposed a financial sanction of $18.4 million on a B.C.-based crypto trading platform, finding that it lied to customers and diverted $13 million of its assets to gambling.
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December 02, 2024
Ottawa lists Houthis as terrorist entity under Criminal Code
The federal government has listed “Ansarallah,” commonly known as the Houthis, as a terrorist entity under the Criminal Code.
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November 28, 2024
Federal government tables legislation for 2-month GST/HST holiday
The federal government has introduced Bill C-78, the Tax Break for All Canadians Act in Parliament, which proposes to give a two-month GST/HST tax break from Dec. 14 to Feb. 15, on products such as groceries, restaurant meals and children’s clothing and toys. It will amend the Excise Tax Act in order to implement the temporary tax break.
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November 28, 2024
Securities regulators finalize rules to reduce prospectus frequency for continuous funds
The Canadian Securities Administrators (CSA) have announced final rules that would allow investment funds in continuous distribution to file prospectuses every two years instead of annually — saying the move will reduce regulatory burden without affecting investors.
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November 28, 2024
8 new associates join Blaney McMurtry
Recent news releases from Blaney McMurtry LLP announced the addition of Anisha Samat, Erica Moin, Gurwinder S. Bansal, Hamza Naim, Hilary Lai, Laura Dyke, Leah Burlock and Nadav Amar as associates.
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November 27, 2024
Proposed settlement reached by federal non-union workers affected by faulty Phoenix pay system
A proposed out-of-court settlement has been reached with the federal government to compensate casual and non-unionized federal employees who were impacted by the Phoenix pay system’s various payroll issues.
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November 27, 2024
Law360 Canada Pulse survey: what lawyers really think about their profession
Find out what lawyers really think about their profession in Law360 Canada Pulse’s Lawyer Satisfaction Survey.
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November 26, 2024
Alberta Court of Appeal lifts stay on fraud claims against three discharged bankrupts
The Alberta Court of Appeal has lifted a stay of proceedings in relation to fraudulent misrepresentation claims against three discharged bankrupts, finding that the claims may go forward under exceptions in the Bankruptcy and Insolvency Act (BIA).
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November 26, 2024
Anti-money laundering fines reached record level in past year, says FINTRAC annual report
Fines issued against Canadian financial institutions, businesses and individuals for violating anti-money laundering laws and regulations reached a record $26.1 million during the 2023-24 fiscal year, according to Canada’s anti-money laundering watchdog.