Category: Practice Areas

2020 Proxy Advisory Firm Voting Guidelines: Canadian Highlights

January 22, 2020

In preparation for the upcoming proxy season, issuers should familiarize themselves with the Canadian proxy voting guidelines recently published by Institutional Shareholder Services Inc. (ISS) and Glass Lewis & Co. (Glass Lewis), respectively. This bulletin addresses certain topics covered by the ISS benchmark policy recommendations and Glass Lewis’s proxy guidelines and shareholder initiatives guidelines, respectively, in each case for the…

U.S. Releases Draft Guidelines That Could Significantly Impact Vertical Merger Review

January 14, 2020

On January 10, 2020, the U.S. Federal Trade Commission (FTC) and Department of Justice’s Antitrust Division (DOJ) released Draft Vertical Merger Guidelines (Draft Guidelines) for public comment by February 11, 2020. The Draft Guidelines would be the first official guidance from the FTC and DOJ on vertical mergers since the Non-Horizontal Merger Guidelines released in 1984 (1984 Guidelines). KEY TAKEAWAYS…

Top 10 Developments in Canadian Employment and Labour Law in 2019

January 13, 2020

2019 brought a number of significant developments to employment and labour law in Canada. We have collected and briefly highlighted our picks, in no particular order, for the top 10 developments from across the country. 1. Arbitration Clauses in Employment Contracts 2. No Tort of Harassment In Ontario 3. Courts Continue to Grapple with Termination Clauses 4. Most Provinces Increase…

Commercial Leasing in Canada: A Look Back at 2019

January 8, 2020

As we enter 2020, Blakes offers this look back at 2019 from a commercial lease perspective. It was a busy year deal-wise for the industry and, as a result, easy to fall behind on legal and other developments. This short recap is intended to get readers back on track as we all start accelerating into 2020. The general industry feeling…

Proposed Changes to Tax Treatment of Employee Stock Options No Longer Coming into Force January 1, 2020

December 20, 2019

On December 19, 2019, the federal government announced that proposed changes to the tax treatment of employee stock options will not come into force on January 1, 2020. As noted in our previous Blakes Bulletin: Proposed Changes to Stock Option Tax Rules, on June 17, 2019, the federal government proposed changes to the tax treatment of stock options to limit…

Ontario Government Proposes Significant Amendments to Ontario Class Proceedings Act

December 20, 2019

On December 9, 2019, the Attorney General of Ontario introduced Bill 161, the Smarter and Stronger Justice Act, 2019 (Bill 161) which, among other things, proposes a number of changes to the Ontario Class Proceedings Act, 1992 (CPA). Bill 161 follows a recent comprehensive review of the CPA by the Law Commission of Ontario (LCO). The proposed amendments adopt many…

Climate Change Litigation Heats Up: Emerging Trends and Analysis

December 19, 2019

Recently, several Canadian youths aged 10 to 19, filed a lawsuit against the Government of Canada and the Attorney General of Canada over climate change, alleging violations of their rights under the Canadian Charter of Rights and Freedoms. On October 25, 2019, the plaintiffs claimed that the release of anthropogenic greenhouse gases (GHGs) into the atmosphere is triggering a host…

OSFI Releases Updated Liquidity Principles

December 17, 2019

On December 5, 2019, the Office of the Superintendent of Financial Institutions (OSFI) released the final version of the updated Guideline B-6: Liquidity Principles (Guideline). The Guideline applies to banks and federally regulated trust and loan companies (Institutions). It outlines a set of updated liquidity risk management principles that supplement the quantitative liquidity metrics set out in OSFI’s Liquidity Adequacy…

Wrapping Up 2019 with Increased Transparency: Updates on Lobbying Regimes and Conflict of Interest Rules

December 13, 2019

For the last quarter of 2019, certain amendments to the lobbying regime in British Columbia have been proclaimed into force, and changes have been proposed for the lobbying regime and conflict of interest rules in Saskatchewan. Among other things, these upcoming and proposed changes tighten lobbying rules by lowering the annual hourly threshold for registration by in-house lobbyists and adding…

Competition Law and the Digital Economy in Canada

December 4, 2019

Competition law enforcement agencies have undertaken many new initiatives focused on the digital economy, including publishing position papers,1 developing enforcement strategies,2 hiring specialized personnel,3 and taking enforcement action against technology companies. Like its international counterparts, the Canadian Competition Bureau (the Bureau) is focused on issues related to the digital economy.   Please click here to download.