Banking, Bankruptcy & Insolvency
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June 13, 2025
OSC releases framework for distributing disgorged funds collected to harmed investors
The Ontario Securities Commission (OSC) has issued final rules to “implement a new statutory framework that will facilitate distributing amounts collected by the OSC under disgorgement orders to harmed investors.”
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June 12, 2025
Court approves $1.65M settlement of action against solicitors over failed syndicated mortgage loans
The Ontario Superior Court of Justice has approved a $1.65-million settlement of a class action against solicitors who provided legal services for syndicated mortgage loans (SML) that went into default, causing investors to lose most of their money.
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June 10, 2025
Canada’s top judge declares ‘in this country, the rule of law is non-negotiable’
Lawyers, as officers of the court, have a professional “responsibility and obligation” to defend the rule of law and the independence of the bar and judiciary against attacks, Chief Justice of Canada Richard Wagner said at his annual news conference in Ottawa.
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June 09, 2025
Ontario judge relies on contractual intent, factual context in business dispute involving estate
Pointing to a contract’s factual matrix, an Ontario Superior Court judge has awarded ownership of a North Bay, Ont., fishing store to one of its original partners in a dispute with an estate trustee — his deceased business partner’s surviving spouse.
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June 09, 2025
‘Canada is ready to lead,’ PM says, announcing G7 priorities
Prime Minister Mark Carney has announced Canada’s G7 priorities in advance of the Leaders’ Summit to be held June 15-17, stressing that “Canada is ready to lead.”
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June 09, 2025
Three new associates at DLA Piper
DLA Piper (Canada) LLP has welcomed three new associates to its team across various practice areas in Montreal and Calgary, according to announcements from the firm.
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June 06, 2025
As trade tensions rise, feds table legislation to accelerate national projects, internal trade
With an escalating trade war already reflected in worsening employment data, the federal government has introduced promised legislation aimed at removing federal barriers to interprovincial trade, improving labour mobility in Canada and fast-tracking large infrastructure projects “of national importance.”
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June 06, 2025
PM Carney appoints parliamentary secretaries to support lawyer-rich cabinet & PMO
Prime Minister Mark Carney has tapped a number of lawyers to assist the many lawyers he has already appointed to key cabinet posts.
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June 05, 2025
Carney government introduces promised ‘affordability’ measures in the Commons
The recently elected government of Prime Minister Mark Carney has introduced an “affordability” bill in the Commons to enact some of the tax cuts and other measures the Liberals pledged during the last federal election.
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June 05, 2025
Ottawa reintroduces Citizenship Act reforms that create new framework for ‘citizenship by descent’
The minority Liberal government has reintroduced Citizenship Act amendments that would create a new “citizenship by descent” framework going forward, allowing those born abroad to Canadians, beyond the first generation, to access Canadian citizenship based on a Canadian parent’s “substantial connection” to Canada.