From "multi-Crown" class actions to the corporate attribution doctrine, Davies litigators explore the judicial shifts from 2024-2025 that business leaders need to know -
Although 2025 is now in the rearview mirror, the legal…
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/ Bankruptcy, Constitutional Law, International Law & Trade
The year 2025 marked a turning point in Canada's anti-money laundering (AML) enforcement landscape, with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) adopting a markedly more aggressive approach. As…
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/ Administrative Law, Criminal Law, Finance & Banking
A "time is of the essence" (TOE) clause may be the most contentious boilerplate provision in Canadian contract law, judging by the volume of Canadian case law that it has generated. As a form of legal shorthand, the clause…
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/ Commercial Law & Contracts, Mergers & Acquisitions
In R. v Binance Holdings Limited, 2025 ONSC 7113, the Ontario Superior Court of Justice (the Court) issued a significant decision on the reach of Canada’s criminal restraint and management regime as it applied to cryptocurrency…
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/ Conflict of Laws, Criminal Law, Finance & Banking
The Competition Bureau (Bureau) has released for consultation draft Merger Enforcement Guidelines (draft MEGs), updating its last comprehensive merger guidelines issued in 2011 (2011 MEGs). The draft MEGs seek to describe the…
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/ Antitrust & Trade Regulation, Mergers & Acquisitions
The Internal Revenue Service (IRS) and the U.S. Treasury Department last Friday released final and proposed regulations addressing various rules under section 892. The rules are a mixed bag – some are favourable and provide…
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/ Finance & Banking, International Law & Trade, Taxation
The Canadian Competition Bureau (Bureau) recently published draft enforcement guidelines (Draft Guidelines) that cover most of the reviewable conduct (non-criminal) provisions of the Competition Act (Act), namely provisions…
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/ Antitrust & Trade Regulation
With its much anticipated decision in Lundin Mining Corp. v Markowich, the Supreme Court of Canada (SCC) has weighed in on the distinction between “material fact” and “material change” under Canadian securities laws, offering a…
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/ Civil Procedure, Mergers & Acquisitions, Securities Law
The Internal Revenue Service (IRS) and U.S. Treasury Department have issued final regulations (T.D. 10037) (Final Regulations) under Section 4501 of the Code (the Excise Tax) that withdraw the previously proposed "funding rule."…
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/ Mergers & Acquisitions, Securities Law, Taxation
The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, recently delivered the Liberal Party’s first federal budget under Prime Minister Mark Carney (Budget 2025). Budget 2025, as delivered on…
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/ Finance & Banking, International Law & Trade, Science, Computers, & Technology, Taxation
The Canadian Securities Administrators (CSA) have proposed a multi-year pilot initiative to allow eligible venture issuers to voluntarily adopt semi-annual financial reporting. To be eligible, among other criteria, a venture…
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/ Securities Law
Earlier Tuesday, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, delivered the Liberal Party’s first federal budget under Prime Minister Mark Carney (Budget 2025). Budget 2025 does not…
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/ Energy & Utilities, Science, Computers, & Technology, Taxation
The Internal Revenue Service (IRS) and U.S. Treasury Department have proposed regulations (the Proposed Regulations) that would expand FIRPTA (Foreign Investment in Real Property Tax Act) relief for domestically controlled REITs…
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/ Real Estate - Commercial, Taxation
The Canadian Competition Bureau (Bureau) raised concerns in its 2023 market study of the grocery sector about the use of competitor property controls (i.e., terms in commercial leases or covenants that run with the land) to…
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/ Antitrust & Trade Regulation, Commercial Law & Contracts, International Law & Trade, Real Estate - Commercial
This bulletin follows our previous update on evolving U.S. tax reform, which highlighted the competing House and Senate proposals, particularly the introduction and scope of proposed Section 899 targeting "unfair foreign…
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/ International Law & Trade, Taxation
