Category: Industries

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OSFI Announces Plans to Regulate CDOR

January 29, 2014

  Following the decision of British regulators to regulate the London Interbank Offered Rate (LIBOR), the Office of the Superintendent of Financial Institutions of Canada (OSFI) has announced it will oversee the rate-setting process of the Canadian Dealer Offered Rate (CDOR).   CDOR is the Canadian index rate most comparable to LIBOR. It is an industry-determined financial benchmark, and the…

Mining and Aboriginal Consultation in the Yukon

January 17, 2014

  Mining and Aboriginal Peoples are both significant aspects of life in the Yukon. The territorial government recently amended its mining legislation to require consultation of Aboriginal Peoples before exploration programs are undertaken. The Yukon Supreme Court also recently quashed the government’s approval of a proposed mining exploration project. These legal developments provide a timely reminder of the importance of…

Electronic Funds Transfer Reporting: Once is Not Enough

January 16, 2014

  On January 9, 2014, the Government of Canada announced draft legislative proposals (Proposals) that would require financial institutions, money services businesses and casinos subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PC Act) to report to the Canada Revenue Agency (CRA) international electronic funds transfers (EFTs) of C$10,000 or more sent or received at the…

Are You Ready for the FCAC Clear Language Review?

January 14, 2014

  The Financial Consumer Agency of Canada (FCAC) has announced that it expects to initiate a review of consumer-facing disclosure documentation over the course of 2014-15 to assess compliance with clear language requirements applicable to federally regulated financial institutions (FRFIs).     CLEAR LANGUAGE REQUIREMENT   The Cost of Borrowing Regulations made under each of the statutes governing FRFIs include the requirement…

Supreme Court of Canada Piqued by Copyright Infringement of “Curiosity”

January 8, 2014

  In Cinar Corporation v. Robinson, the Supreme Court of Canada (SCC) confirmed the test for determining copyright infringement and the factors for assessing compensation for infringement. The SCC effectively strengthened copyright in entertainment properties in Canada after several recent decisions in which the SCC had limited the scope of copyright protection.   BACKGROUND The decision results from four separate but…

Drilling Down on Mine Development Issues

December 4, 2013

From environmental compliance and social impact assessments to construction and infrastructure development, aboriginal consultation, First Nations agreements and permitting, mining projects in Canada face significant regulatory hurdles. Please join a panel of Blakes lawyers as they discuss issues in mining law that affect you and your business. The Implementation of Regulations Related to the Ontario Mining Act Modernization The Defeat…

What’s Happening in Insolvency: Mining and Resource Sector Challenges

November 28, 2013

With the current upheavals in the price of oil and gas and other commodities, the mining and resource sector is facing considerable challenges. Those challenges may lead to insolvencies, restructurings, going-concern or liquidation sales, and unique practical and legal issues. There have been some recent mining and resource company insolvencies across Canada, and this is an industry sector to watch….

Terminating Construction Contracts: Practical Advice for Owners

November 21, 2013

Terminations of the contracts of non-performing or under-performing contractors occur in a variety of circumstances on construction projects. This seminar will provide an overview of the law relating to contract terminations and will suggest practical tips for owners and others to manage the terminations and to resolve claims that may arise in a cost-efficient way. Please join members of our…

Recent Developments in Pension and Employee Benefits Law

October 29, 2013

Blakes invites you to attend our semi-annual client seminar, which will address current issues in pension and employee benefits law. Our complimentary seminar offers you the opportunity to consider and discuss the key issues of the day, following a presentation by our speakers on recent legal developments. Topics to be discussed: •Case Law Update – Christopher Brown •Regulatory Round-Up –…

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