Banking, Bankruptcy & Insolvency
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June 14, 2024
Law requires Ottawa to roll out national strategy to combat ‘environmental racism’ within two years
Calling it “a significant milestone in the fight for environmental justice,” the federal Green party hailed the imminent enactment of its “groundbreaking” private member’s bill that requires Ottawa to roll out within two years a “national strategy” to mitigate the harmful fallout from “environmental racism” — which the party said disproportionately exposes marginalized, racialized and Indigenous communities to environmental hazards.
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June 13, 2024
New asset freezes, entry bans & export prohibitions target Russian war of aggression against Ukraine
Canada has aimed new sanctions and export prohibitions at participants in Russia’s military-industrial complex, in a co-ordinated move with other countries on the first day of the G7’s three-day summit in Italy.
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June 12, 2024
Saskatchewan regulator details strategic plan progress for 2023
Saskatchewan’s law society made strides last year in rolling out parts of its current Strategic Plan — particularly in promoting diversity and equality, ensuring the competence of new lawyers and increasing access to justice for the incarcerated.
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June 07, 2024
New innovator-in-residence at Ontario Bar Association
The Ontario Bar Association (OBA) announced in a June 5 news release that it had appointed Colin Lachance as the innovator-in-residence for the 2024-25 year.
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June 07, 2024
SCC rules on interplay of informer privilege & open courts in so-called secret trial case
The Supreme Court of Canada says no “secret” trial occurred during the in-camera prosecution of a confidential police informer in Quebec, but it has ordered 9-0 that a redacted trial judgment should be made public, which contains no information that might identify the police informer in breach of what the top court has previously described as the “extremely broad and powerful” informer privilege.
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June 05, 2024
Proposed $6.75B class action lawsuit targets TD Bank’s anti-money laundering practices
A TD Bank shareholder has launched a proposed class action lawsuit against the bank over allegations that TD and some of its directors and officers misrepresented systemic deficiencies in TD’s anti-money laundering controls and the likely impact on its U.S. operations.
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June 04, 2024
Canada to provide automatic permanent residence to foreign nationals arriving under caregiver programs
Ottawa says it will roll out two new pilot programs later this month that will offer home-care workers from abroad permanent residence on their arrival in Canada.
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June 03, 2024
SCC’s Wagner urges vigilance, strong defence against false information, justice system attacks
Canada’s top judge says elected officials should not attack the justice system or the judiciary, based on false information that could shake public confidence.
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May 31, 2024
SCC gives guidance on interpreting exclusion clauses, applying standards of appellate review
The Supreme Court of Canada has clarified what is required for an exclusion clause in a contract of sale to exempt the seller from an implied condition under Ontario’s Sale of Goods Act (SGA) and has also clarified what standards of appellate review apply when trial courts interpret contracts involving implied statutory conditions.
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May 23, 2024
Securities administrators release amendments for mutual funds moving to T+1 settlement cycle
Canadian Securities Administrators (CSA) have published final amendments clarifying settlement guidelines for mutual funds that are voluntarily shortening their trade settlement cycles from two trading days to one (T+1), according to a release.