Timely Disclosure

Timely Disclosure

Updates and Commentary on Current issues in M&A, Corporate Finance and Capital Markets

Tag Archives: canada

Government Access to Information – Part 1

Posted in Access to information, Freedom of information
Part 1: Canadian Government – Access to Information Co-authored by Gianrico DePasquale and Roseanna Dat. This is the first part of our series reporting on the potential for companies to seek access to information about business competitors held by governments in Canada and the United States. In Canada, businesses that interact with Government Institutions as… Continue Reading

Use of Proxies within the Context of a Limited Partnership

Posted in Contested Situations, Proxy Contests, Proxy Voting
A recent case in Manitoba has explored certain issues relating to the use of proxies within the context of a limited partnership.  The case, 177061 Canada Ltd. et al. v. 5771723 Manitoba Ltd. et al., 2016 MBQB 40, discusses two points of interests relating to proxies in a limited partnership setting (and, by logical extension,… Continue Reading

American Bar Association Publishes Canadian Private Target Mergers and Acquisitions Deal Points Study

Posted in Mergers and Acquisitions
The American Bar Association has published its Canadian Private Target Mergers & Acquisitions Deal Point Study[1] (Study) analyzing transactions that involved Canadian private targets that were acquired or sold by public companies in 2014 and 2015. The Study included a sample of 101 transactions and excluded transactions with a value less than C$5 million, transactions… Continue Reading

Fasken Martineau Publishes Directors’ Handbook for Shareholder Activism

Posted in Corporate Governance, Directors and Officers
Canada has proven to provide fertile ground for shareholders activism, in part due to a regulatory landscape that could be viewed as more shareholder friendly than some other jurisdictions. As a result, it is perhaps not surprising that activists have achieved significant success in Canada in recent years. It is apparent that shareholder activism is… Continue Reading

Canadianization of American Agreements

Posted in Contracts, Cross-Border
In light of recent events, it appears that our American friends are taking a greater interest in Canada. The following is a description of some issues that may arise in connection with US agreements being “Canadianized” for use in Canada. Due to the complexity surrounding these issues, and other issues that may arise in connection… Continue Reading

Defensive Private Placements Under the New Take-Over Bids Regime

Posted in Capital Markets, Defensive Tactics, Hostile/unsolicited Bids
OSC and BCSC on Defensive Private Placements Under the New Take-Over Bids Regime As discussed in our previous post, the first hostile take-over bid under the new Canadian take-over bid rules was launched by Hecla Mining Company (Hecla) in July 2016 for the purchase of all of the outstanding shares of Dolly Varden Silver Corporation… Continue Reading

OSC Unveils LaunchPad to Support Fintech Businesses

Posted in FinTech, OSC
The Ontario Securities Commission (OSC) announced today its new initiative, OSC LaunchPad, described as the first dedicated team by a securities regulator in Canada to help fintech businesses navigate securities law requirements and accelerate time-to-market. OSC LaunchPad will provide direct support to eligible new and early-stage fintech businesses through meetings with the OSC LaunchPad team… Continue Reading