CSA Propose Different Direction for Take-Over Bid Regime
The Canadian Securities Administrators (CSA), including the Autorité des marchés financiers (AMF), announced yesterday that they will not be proceeding with defensive tactics proposals published by the CSA and the AMF last year (see our March 15, 2013 Update, Canadian Securities Regulators Propose New Regimes for Shareholder Rights Plans) and instead have determined to implement a new, harmonized regulatory proposal involving amendments to the take-over bid regime.
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Banking and Financial Services
Canadian Securities Regulators Announce Temporary Exemptions For Derivatives Dealers and Advisers
On July 25, 2024, the Canadian Securities Administrators (CSA) introduced temporary exemptions from certain provisions of National Instrument 93-101 concerning Derivatives: Business Conduct (the… -
Capital Markets
Delaware Court Finds Advance Notice Bylaw Amendments Unenforceable, But Denies Relief Based on Dissident Shareholders’ Deceptive Conduct
The Supreme Court of Delaware’s recent decision in Kellner v. AIM ImmunoTech Inc. provides important guidance on the limits of a board’s authority to amend an “advance notice” bylaw in the context of… -
REITS and Income Securities
The Legal Industry Reviews Edition 5 - REITs Chapter
Stephen Pincus, Brenda Gosselin, and Bill Gorman have co-authored The Canadian REIT Structure in the fifth edition of The Legal Industry Reviews Canada.To view the… -
Financial Services Regulatory
Canadian Securities Administrators Extend Compliance Deadline in Interim Approach to Value-Referenced Crypto Assets
On April 17, 2024, the Canadian Securities Administrators (CSA) provided an update to their interim approach in respect of “Value-Referenced Crypto Assets” (VRCAs), as set out in the CSA’s guidance in… -
Financial Services Regulatory
Obligations and Opportunity - Budget 2024’s Impact on the Blockchain Industry
As crypto-assets become subject to further regulation both domestically and globally, industry players find themselves presented not only with new obligations but also with new opportunities. Canada’s… -
Capital Markets
Public Safety Canada Releases Updated Guidance on Modern Slavery Reporting Obligations
The Fighting Against Forced Labour and Child Labour in Supply Chains Act (the “Act”) came into force on January 1, 2024, implementing enhanced reporting requirements for certain entities to…
Featured Work
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Banking and Financial Services
Majority interest in Vault Credit Corporation and Vault Home Credit Corporation sold for $60 Million to HB Leaseco affiliate
Goodmans LLP represented Vault Credit Corporation and Vault Home Credit Corporation in the sale of Chesswood Group Limited's entire interest in Vault to an affiliate of HB Leaseco Holdings Inc., in… -
Capital Markets
Saba Capital reaches agreement with Citadel Income Fund
Goodmans LLP acted for Saba Capital Management, L.P. in relation to its agreement with Citadel Income Fund and its manager, Artemis Investment Management Limited following a protracted dispute… -
Capital Markets
RioCan REIT completes private placement offering of $300 million Series AK debentures
Goodmans LLP advised RioCan Real Estate Investment Trust in connection with a brokered private placement offering of $300 million principal amount of Series AK senior unsecured debentures… -
Mining
Hudbay Minerals completes US$402 million bought deal equity offering
Goodmans LLP advised Hudbay Minerals Inc. in the public offering of its common shares for aggregate gross proceeds of US$402,477,000, including the full exercise of the underwriters’ overallotment… -
Mergers and Acquisitions
Screaming Eagle merges with Lionsgate Studios
Goodmans LLP acted for Screaming Eagle Acquisition Corp. in connection with its merger with the Studio Business of Lionsgate Entertainment Corp., comprised of its Television Studio and Motion Picture… -
Capital Markets
Dye & Durham’s defence of requisition from Engine Capital
Goodmans LLP is acting for the board of Dye & Durham in connection with a defence of requisition from Engine Capital…
News & Events
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Banking and Financial Services
Goodmans Lawyers Recognized in the Lexpert Special Edition: Finance and M&A 2024
We are delighted to announce the Lexpert Special Edition: Finance and M&A 2024 once again features Goodmans lawyers among Canada's experts.Congratulations to our 33 featured lawyers:Alan… -
Banking and Financial Services
The Canadian Legal Lexpert Directory 2024 Continues to Recognize Goodmans
We are proud to announce Goodmans LLP has once again been recognized in the 2024 edition of The Canadian Legal Lexpert Directory.91 Goodmans lawyers have been recognized as top-tier in their… -
Banking and Financial Services
Chambers and Partners Continues to Honour Goodmans with Global Recognition
We are proud to announce Goodmans LLP has once again received top-tier recognition from Chambers and Partners in the Chambers Global 2024 Guide released today. Recognition from…