Banking, Bankruptcy & Insolvency
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July 04, 2025
Court quashes appeal relating to 23andMe’s insolvency after global data breach
The B.C. Court of Appeal has quashed an appeal finding that the appellant failed to seek required leave in relation to insolvency proceedings. The appellant sought to bring class actions relating to a 2023 cyberattack on genetic testing company 23andMe.
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July 04, 2025
Anisha Samat returns to Robins Appleby
Anisha Samat has rejoined Robins Appleby LLP’s litigation group as an associate.
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July 03, 2025
CSA brings guidance on regulatory concerns regarding certain asset or business acquisitions
The Canadian Securities Administrators (CSA) has published guidance on regulatory concerns with certain asset or business acquisitions. It refers to those primarily taking place in venture markets and relates to concerns regarding misleading disclosure that may constitute market manipulation.
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July 03, 2025
B.C. announces amendment to expand use of on-demand surety bonds for home construction
The government of British Columbia says plans to amend its Development Cost Charge and Amenity Cost Charge (Instalments) Regulation to expand the use of on-demand surety bonds provincewide will help speed up home construction and reduce upfront costs for builders.
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July 03, 2025
FINTRAC imposes $544,000 penalty on Canaccord Genuity for AML compliance failures
Vancouver-based Canaccord Genuity Corp., Canada’s largest independent investment dealer, has been fined $544,000 for failing to comply with the federal Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated regulations.
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July 02, 2025
Federal government makes carbon rebate for small businesses tax-free
Ottawa wants to make its small business carbon tax rebate tax-free.
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June 30, 2025
G7 countries reach accord for ‘side-by-side’ system on global minimum tax
Two weeks after their summit in Kananaskis, Alta., G7 countries have issued a statement endorsing an international “side-by-side” system that would exempt U.S. multinational corporations from two global minimum tax rules, helping to de-escalate growing tax tensions with the world’s largest economy.
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June 30, 2025
Quebec regulation for complaint processing coming into effect July 1
The Autorité des marchés financiers (AMF) has announced that the regulation respecting complaint processing and dispute resolution in the financial sector, first published on Feb. 15, 2024, will be coming into effect on July 1.
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June 30, 2025
Saskatchewan regulator’s 2024 report highlights mental health, AI, competency
Saskatchewan’s legal regulator was active last year in continuing its goals of increasing competency, minding members’ mental health and guiding lawyers in the use of artificial intelligence. The Law Society of Saskatchewan (LSS) laid out progress in these areas and others as part of its recently released annual report for 2024.
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June 30, 2025
Canada drops digital services tax to restart U.S. trade talks, avert more tariffs
The federal government has withdrawn its digital services tax (DST) on U.S. technology giants to resume trade negotiations days after U.S. President Donald Trump terminated talks with Canada over the levy.