Commodity Futures Trading Commission announces major whistleblower awards as the Securities Exchange Commission dials back payouts

The U.S. Commodity Futures Trading Commission (CFTC) announced on August 2, 2018 that it had made multiple whistleblower awards totalling more than...

Federal Court of Appeal develops “narrow” expansion of appellate jurisdiction

In Canada (Citizenship and Immigration) v. Tennant, 2018 FCA 132, the Federal Court of Appeal developed a narrow exception to the seemingly absolute...

Alberta Securities Commission dismisses application for interim cease trade order against shortseller for disparaging tweets

On August 15, 2018, a two-member panel of the Alberta Securities Commission (“ASC”) dismissed an interim cease trade application by ASC...

Good news to report about Canadian trade reports – Private placement trade reporting becomes easier in October

In June 2016, the Canadian Securities Administrators (CSA) introduced new rules for reporting sales of securities in Canada under private placement...

Tesla CEO Elon Musk’s tweet raised alarms about a potential securities violation

On August 7, Tesla co-founder and CEO Elon Musk tweeted “Am considering taking Tesla private at $420. Funding Secured.” Mr. Musk has a...

How PE buyers can stand out in an auction process

With strong fundraising activity and seemingly unprecedented levels of dry powder, there is an abundance of private equity capital to be invested.

BC Court of Appeal sets aside certification in Basyal v Mac’s Convenience Stores Inc

We previously wrote about the B.C. Supreme Court’s order in Basyal v Mac’s Convenience Stores Inc., which certified a class action by...

OSC issues long-awaited sanctions decision in Sino-Forest case

A year after issuing its ruling on the merits, the Ontario Securities Commission has handed down its decision on punishments for the former...

Contractual interpretation of mandatory statutory terms is a question of law

In CHN Canada Ltd. v. Chesterman Farm Equipment Ltd., 2018 ONCA 637, the Court of Appeal for Ontario confirmed that the interpretation of an...