October 31, 2013
On October 31, 2013, the Supreme Court of Canada (SCC) released its decisions allowing the appeal from the British Columbia Court of Appeal (BCCA) in Pro-Sys Consultants Ltd. v. Microsoft Corporation (Pro-Sys) and dismissing the appeal from the BCCA in Sun-Rype Products Ltd. v. Archer Daniels Midland Company (Sun-Rype) and the appeal from the Quebec Court of Appeal (QCA) in Infineon Technologies AG v….
August 23, 2013
Highlights CSA question whether accurate vote reconciliation occurring within the proxy voting infrastructure Should an end-to-end vote confirmation system be implemented? CSA remind registered firms they are accountable for functions outsourced to service providers The Canadian Securities Administrators (CSA) have published Consultation Paper 54-401 – Review of the Proxy Voting Infrastructure for a 90-day comment period. The Consultation…
August 19, 2013
IntroductionOn August 15, 2013, the Ontario Superior Court of Justice convicted Nazir Karigar of offering bribes contrary to section 3(1)(b) of the Corruption of Foreign Public Officials Act (CFPOA). This is the first trial decision of a charge under the CFPOA, and the first conviction against an individual. In the course of convicting Mr. Karigar, the Court affirmed a number of interesting and potentially important…
December 15, 2011
Foreign investors often have to give undertakings or binding commitments to the Canadian federal government when they acquire a Canadian business in order to secure regulatory approval under the Investment Canada Act (ICA). These undertakings can include maintaining employment and production levels and commitments to future capital expenditures, among other assurances. A recently concluded case, United States Steel Corporation v….