Davies’ Canadian Mergers & Acquisitions guide draws on our substantial cross-border M&A experience to offer guidance on both the legal framework and practical aspects of Canadian mergers and acquisitions, including critical...more
Le 10 décembre 2020, les Autorités canadiennes en valeurs mobilières (les « ACVM ») ont publié l’Avis 55-317 du personnel des ACVM : Régimes d’aliénation de titres automatique (l’« Avis 55-317 »), lequel fournit aux émetteurs...more
On December 10, 2020, the Canadian Securities Administrators (CSA) issued Staff Notice 55-317 Automatic Securities Disposition Plans (SN 55-317), providing recommendations for issuers and insiders on the establishment,...more
The Ontario Court of Appeal’s decision in Finkelstein v. Ontario Securities Commission clarifies when a recipient of material, non-public information (MNPI) about a public issuer (a “tippee”) may be liable for insider trading...more
A recent decision by the Ontario Court of Appeal has provided a powerful reminder to capital market participants to exercise caution before trading on a tip or discussing material non-public information—lest they run afoul of...more
In a settlement agreement recently endorsed by the Ontario Securities Commission (OSC), respondent Anand Hariharan agreed to settle insider trading allegations made by OSC enforcement staff (Staff) against him. The settlement...more
The recent decision in Re Conrad M. Black et al. illustrates how the Ontario Securities Commission (OSC) will use its inter-jurisdictional enforcement authority to impose sanctions relating to conduct in other jurisdictions...more