On January 24, 2024, the SEC issued new guidance on when a special purpose acquisition company (SPAC) may run afoul of the U.S. Investment Company Act (the Act). While this guidance was directed at SPACs that register or file...more
2/8/2024
/ Canada ,
Corporate Issuers ,
Cross-Border ,
Foreign Corporations ,
Foreign Issuers ,
Initial Public Offering (IPO) ,
Investment Companies ,
Investment Company Act of 1940 ,
Registration Requirement ,
Securities and Exchange Commission (SEC) ,
Shell Corporations ,
Special Purpose Acquisition Companies (SPACs)
In November 2018, the U.S. Securities and Exchange Commission (SEC) adopted new mining disclosure standards applicable to all SEC reporting companies, except those that report exclusively under the Multijurisdictional...more
The SEC has proposed revisions to the definition of an “accelerated filer” that would exempt most companies that have both a public float of common equity of less than $700 million and annual revenues of less than $100...more
The recent settlement agreement between Kinross Gold Company and the Securities and Exchange Commission is a reminder to Canadian cross-listed companies that it is not enough to adopt a parent-company level anti-corruption...more
4/10/2018
/ Acquisitions ,
Anti-Corruption ,
Books & Records ,
Canada ,
Cease and Desist Orders ,
Cross-Border ,
Foreign Corrupt Practices Act (FCPA) ,
Internal Audit Functions ,
Parent Corporation ,
Securities and Exchange Commission (SEC) ,
Settlement Agreements ,
White Collar Crimes
Occasionally, we will see Canadians or Canadian companies assume that they can authorize as many shares for issuance as they want when forming a Delaware corporation, or that they can authorize shares without par value....more