The Canadian Securities Administrators (“CSA”) recently published for comment proposed amendments and changes to certain national instruments and policies to: (i) address the Canadian Securities Exchange’s (“CSE”) creation of...more
Senator Julie Miville-Dechêne recently introduced the 21st-Century Business Act (Bill S-285), a Senate public bill that proposes substantive amendments to the Canada Business Corporations Act (CBCA). The legislative proposal...more
The latest edition of Davies’ Governance Insights is now available. In this issue, we explore 10 important trends that will help general counsel and boards navigate the year ahead. In order to help you with your strategic...more
Depuis le 1er janvier 2020, les sociétés ayant fait appel au public (en général, les sociétés ouvertes) régies par la Loi canadienne sur les sociétés par actions (la « LCSA ») sont tenues de fournir des renseignements sur la...more
Since January 1, 2020, distributing corporations (generally, public companies) governed by the Canada Business Corporations Act (CBCA) have been required to provide diversity disclosures regarding “designated groups,” as...more
Canada’s federal beneficial ownership transparency requirements are changing again. Beginning January 22, 2024, federal corporations will be required to provide certain information from their registers of individuals with...more
The Canadian Securities Administrators (“CSA”) have released their annual review of disclosure regarding women on boards and in executive officer positions at Toronto Stock Exchange-listed issuers, showing positive trends in...more
Effective January 22, 2024, all federally incorporated companies must file information on “individuals with significant control” (“ISC”) pursuant to new requirements under the Canada Business Corporation Act (the “CBCA”)....more
This guide offers an overview of legal aspects of bankruptcy, insolvency and rehabilitation in the requisite jurisdictions. It is meant as an introduction to these market places and does not offer specific legal advice. This...more
Canadian shareholder activism continued its post-pandemic resurgence into the first half of 2023. Emerging trends include the “activist swarm,” where multiple—yet uncoordinated—activists converge on a single target with...more
As part of a global effort to improve corporate transparency and combat serious financial crime, private companies incorporated under the British Columbia Business Corporations Act (“BCBCA”) have been required to prepare and...more
Canada’s federal beneficial ownership transparency provisions are changing. Since 2019, most Canada Business Corporations Act (CBCA) corporations have been required to create and maintain registers of Individuals with...more
What does a “rolling recession” mean from an insolvency perspective? In this issue of Davies Insolvency Now, we look to the 2022 Q4 data from across Canada for answers. We also set out the court-supervised arrangement...more
There are a variety of environmental, social and governance (“ESG”)-related regulations applicable to federally and provincially incorporated companies; however, the focus of this chapter will be on public companies that...more
In this issue of Davies Insolvency Now, we highlight the significant data points in rising insolvency filing rates and provide a Canadian lens on the digital asset marketplace. With recent drops in crypto prices severely...more
The Québec Government has published a new webpage (available in French only) with further details on the implementation of Bill 78, An Act mainly to improve the transparency of enterprises, including an in-force date – March...more
Comme nous l’avons mentionné dans le Bulletin Blakes de mai 2019 intitulé Modification de la LCSA : nouveau registre des particuliers ayant un contrôle important, depuis juin 2019, les sociétés fermées assujetties à la Loi...more
As noted in our May 2019 Blakes Bulletin: CBCA Amendments: New Register to Track Individuals with Significant Control, starting in June 2019 private corporations governed by the Canada Business Corporations Act (CBCA) have...more
Amendments to the Canada Business Corporations Act (CBCA) that impose majority voting requirements, annual director terms, a prohibition on slate voting and a change to the period during which shareholders must deliver...more
Recent amendments to the Canada Business Corporations Act (CBCA) will require private corporations to report information regarding individuals with significant control to Corporations Canada. These amendments form part of the...more
Effective August 31, 2022, directors of reporting issuers that are incorporated under the Canada Business Corporations Act (CBCA) will have to be elected by a majority of the votes cast for and against them, unless otherwise...more
Le 31 août 2022, certaines modifications (les « modifications ») tant attendues à la Loi canadienne sur les sociétés par actions (la « LCSA ») et à des règlements connexes à l’égard du processus d’élection des administrateurs...more
Effective August 31, 2022, certain long-awaited amendments (Amendments) to the Canada Business Corporations Act (CBCA) and related regulations administered by the Department of Industry (Regulations) impacting director...more
1. Setting the Scene – Sources and Overview - 1.1. What are the main substantive ESG-related regulations? There are a variety of ESG-related regulations applicable to federally and provincially incorporated companies;...more