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Borrowers Canada

Bennett Jones LLP

Canadian Government (Finally) Provides Certainty on Criminal Interest Rates

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As we have reported in prior blogs, the Government of Canada is moving forward with plans to lower the criminal interest rate to an annual percentage rate (APR) of 35 percent (the current criminal interest rate, being an...more

Blake, Cassels & Graydon LLP

Prêts liés à la durabilité : essor du financement durable et mise à jour des indications aux prêteurs et aux emprunteurs

Un prêt lié à la durabilité s’entend de tout type d’instrument de prêt qui est structuré de façon à inciter l’emprunteur à atteindre des objectifs de rendement en matière de durabilité prédéterminés, ambitieux, importants et...more

Blake, Cassels & Graydon LLP

Sustainability-Linked Loans: Growth of the Sustainable Finance Market and Updated Guidance for Lenders and Borrowers

A sustainability-linked loan (SLL) is any type of loan instrument structured to incentivize the borrower to achieve ambitious, material and quantifiable predetermined sustainability performance objectives. The SLL market is...more

Bennett Jones LLP

Ontario Court of Appeal Case Upholds Closing Payment Direction Against Lender

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Borrowers and lenders negotiating payment directions on the closing of loan transactions should take heed of the recent decision of the Ontario Court of Appeal in Kemeny v. Callidus Capital Corporation, 2023 ONCA 76....more

Harris Beach PLLC

Hard Money to Owe: Gotham Green Partners v. iAnthus Capital Holdings, Inc.

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A dispute making its way through Canadian courts shows how cannabis companies in the United States face stiff challenges raising money to expand their operations, even as states begin regulating cannabis markets across the...more

Blake, Cassels & Graydon LLP

LMA, ELFA et facteurs ESG : tout ce que vous devriez savoir

BEST PRACTICE GUIDE FOR TERM SHEET COMPLETENESS - En novembre 2020, la Loan Market Association (la « LMA ») et la European Leveraged Finance Association (l’« ELFA ») ont publié le guide intitulé Best Practice Guide for...more

Blake, Cassels & Graydon LLP

The LMA, The ELFA and ESG: What You Need to Know

BEST PRACTICE GUIDE FOR TERM SHEET COMPLETENESS - In November 2020, the Loan Market Association (LMA) and the European Leveraged Finance Association (ELFA) published the Best Practice Guide for Term Sheet Completeness...more

White & Case LLP

Canadian outbound dealmaking rebounds

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Canadian dealmakers are betting on large overseas purchases as market confidence returns - Canadian dealmakers have become a major presence beyond their borders, conducting a total of 361 outbound deals worth a total of...more

White & Case LLP

Canadian issuers take advantage of buoyant US markets

White & Case LLP on

A rebounding domestic economy and abundant liquidity south of the border are encouraging Canadian borrowers to draw on US high yield bond markets in increasing numbers - Canadian borrowers took advantage of buoyant US...more

Dickinson Wright

Practical Business Issues And COVID-19

Dickinson Wright on

In this series, DW LLP will explore different issues related to the financial impact of COVID-19 on businesses, employment, financial matters, and commercial issues. We aren’t giving you legal advice but rather some...more

Blake, Cassels & Graydon LLP

Lending Market Sets Sights on Sustainability Linked Loans

Building on the internationally recognized Green Loan Principles (GLPs) adopted in 2018, the Loan Syndications and Trading Association (LSTA), the Loan Market Association (LMA) and the Asia Pacific Loan Market Association...more

Blake, Cassels & Graydon LLP

And Then There Were Four: New High-Cost Credit Legislation Proposed in British Columbia

On February 26, 2019, Bill 7 – Business Practices and Consumer Protection Amendment Act, 2019 (Bill) was introduced as part of British Columbia’s Consumer Financial Protection Action Plan. If passed, the Bill will amend the...more

Blake, Cassels & Graydon LLP

LMA and LSTA Announce Extended Green Loan Principles

Major international syndicated lending organizations — the Loan Syndications and Trading Association (LSTA), Loan Market Association (LMA) and Asia Pacific Loan Market Association (APLMA) — recently published an extended set...more

Blake, Cassels & Graydon LLP

Ain’t That Sweet! Court Excludes Equity Sweeteners from Criminal Interest Rate Calculation

The Supreme Court of British Columbia (Court) has clarified the potential application of Canada’s prohibition against charging criminal interest to arm’s-length commercial lending transactions that include mechanisms to...more

Ruder Ware

Are Too Many Eggs in One Basket?

Ruder Ware on

In the last two weeks, 75 Wisconsin dairy farmers were notified by their dairy that it could not accept their milk. The dairy and its farmer suppliers are caught in a U.S.-Canada trade dispute over “ultra-filtered” milk....more

Blake, Cassels & Graydon LLP

Default Interest Rates on Mortgages Structured as Discounts for Timely Payment Prohibited by Section 8 of Interest Act

Section 8 of the Interest Act (Canada) (Section 8) prevents lenders from charging a higher rate of interest after default on a mortgage of real property than that charged prior to default. In other words, if a mortgage...more

Blake, Cassels & Graydon LLP

EU Bail-In Rules: How Do They Impact Canadian Borrowers?

As of January 1, 2016, financial institutions from the European Economic Area (EEA) — which includes member states of the European Union, Iceland, Liechtenstein and Norway — are subject to new requirements under Article 55 of...more

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