August 31, 2017
The U.K.’s Financial Conduct Authority (FCA) recently announced that the London Interbank Offered Rate (LIBOR) is to be phased out by the end of 2021 and replaced with a more reliable alternative. LIBOR is a daily benchmark interest rate set at approximately 11:45 a.m. (London time) every morning by a panel of leading banks in the U.K. It is the…
August 9, 2017
The competition for professional foreign workers continues to increase in many U.S. business sectors. In light of changing U.S. immigration laws and impending reform, however, American companies hiring foreign talent are challenged by how to efficiently and economically recruit and retain their top talent. This article originally appeared in the August 2017 issue of The American Lawyer.
May 23, 2017
Canada’s securities regulators have conducted a wide-ranging review of the largest Canadian publicly listed companies’ practices regarding the disclosure of cybersecurity risks and incidents (Review). The Review, and accompanying report (Report), were recently published in a staff notice of the Canadian Securities Administrators (CSA), the informal coalition of Canada’s provincial and territorial securities regulators. Ross McKee and Kristin Ali of…
January 9, 2017
The dominant fintech narrative for the Canadian banking industry shifted in 2016 from a new entrant versus incumbent storyline to one of collaboration, as major Canadian banks continued to partner with new technology entrants. The intent of these partnerships varies but they generally aim to expand the incumbent bank’s customer service offerings, improve its customer/user experience (or UX) or accelerate…
December 21, 2016
2016 AND LOOKING FORWARD Canadian M&A activity rose once again in 2016, surpassing a record-breaking 2015 to become the most active year in Canadian deal-making history. In terms of deal value, 2016 will be second only to the peak of 2007. The aggregate value of announced deals to date is C$399.9-billion, while announced deal volume reached an impressive 3,100 transactions….
December 19, 2016
In 2017, China plans to establish a national carbon market (Chinese Carbon Market), which, once in place, will be the largest carbon cap-and-trade scheme in the world, essentially involving all of China’s local provincial governments with oversight and guidance from the Central Government of China. This article provides an outline on how the Chinese Carbon Market is expected to be…
December 15, 2016
Canada and the European Union recently signed the Canada-European Union Comprehensive Economic and Trade Agreement (CETA), which establishes a new tribunal, called the Investment Court System, to resolve investor-state disputes. CETA’s rules on investor-state dispute settlement contain numerous innovations that distinguish the agreement from existing investment treaties. The new tribunal and rules could be a model for future international agreements…
October 27, 2016
The Supreme Court of Canada has commented on the issue but no Canadian court has directly answered the difficult question of whether genes are patentable. So the answer appears to be yes, for now. Identifying genetic sequences associated with diseases and creating tests to screen for them are unquestionably valuable scientific innovations. Due to the challenge and expense of pinpointing…
October 25, 2016
First published by The American Lawyer, this paper examines the responsibilities of nominee directors, particularly as they apply to boards of Canadian companies, and how these directors can protect themselves from conflict situations.
September 13, 2016