Banking, Bankruptcy & Insolvency
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August 29, 2024
Ontario court upholds regulator’s policy of publishing allegations before tribunal hearings
The Financial Services Regulatory Authority (FSRA) of Ontario’s policy of publishing documents related to enforcement proceedings prior to a hearing before a tribunal is reasonable, the Ontario Superior Court has held.
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August 27, 2024
Alberta Court of Appeal grants leave in marshalling case involving $20M promissory note
In what it described as a significant appeal for the "development of the equitable doctrine of marshaling," the Alberta Court of Appeal has granted leave in a bankruptcy case involving a lender's bid to partially recover a $20 million promissory note.
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August 23, 2024
Court: PC Bank can claim tax credits for payments to Loblaws on points redemptions
Loblaw’s financial services arm can claim notional input tax credits (NITCs) for redemption payments made to Loblaws when consumers use their credit card points to make purchases, the Federal Court of Appeal has held.
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August 21, 2024
New associate joins Koskie Minsky
A recent news release from Koskie Minsky LLP announced that Alexandra Alferiev had joined the firm as an associate in the pensions and benefits department and the bankruptcy and restricting group.
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August 21, 2024
New partner joins Gowling in Hamilton
A recent news release from Gowling WLG announced that Bart Sarsh had joined the firm as a partner in its corporate restructuring, insolvency & advisory group in Hamilton.
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August 20, 2024
Federal government launches consultation for industrial housing strategy, invites public comment
The federal government is looking for innovative ideas to accelerate innovation and productivity in Canada’s difficult housing market.
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August 19, 2024
FINTRAC updates guidance on reporting suspected sanctions evasion
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has announced that, as of Aug. 19, businesses that are subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act are to report transactions suspected to be related to evading sanctions.
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August 13, 2024
Trade Tribunal to mull renewal of anti-dumping measures for copper tubing
The Canadian International Trade Tribunal (CITT) has announced it is initiating an expiry review of its 2019 orders regarding the dumping of circular copper tube on the Canadian market from Brazil, Greece, China, Korea and Mexico.
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August 09, 2024
Canada sanctions Belarusian judges complicit in Lukashenko regime’s jailing of political prisoners
Canada and its allies have imposed asset freezes and immigration bans on certain Belarusian judges and others who facilitate repression and violations of human rights in their country, including jailing hundreds of political prisoners at the behest of President Alexander Lukashenko’s illegitimate regime.
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August 01, 2024
Court approves sale of carwash, finding patent rights in facility were exhausted in earlier sale
The Alberta Court of King’s Bench has approved the sale of a car wash owned by an insolvent company, dismissing a former owner's claim that any new owner must enter into a licensing agreement with it due to patented technology in the facility’s design.