Financial Services Update

OSFI Releases Draft Guideline for Foreign Insurance and Bank Branches in Canada

November 3, 2020
- Stuart S. Carruthers
- Andrew S. Cunningham
On October 27, 2020, the Office of the Superintendent of Financial Institutions released its long-awaited Draft Guideline E-4, “Foreign Entities Operating in Canada on a Branch Basis”, the finalized version of which will replace the outdated... Read more
Bank Loan and Debt Securities: A New Canadian Q&A

October 1, 2020
- Kelly Niebergall
- Jennifer G. Legge
We’re pleased to announce a new Stikeman Elliott co-publication on the legal aspects of Canada’s commercial lending and secured financing markets. Authored by Kelly Niebergall and Jennifer Legge, Toronto-based lawyers in our Banking &... Read more
Financial Sector Risk in a Digital World: OSFI Discussion Paper Outlines Key Issues and Seeks Public Input

September 29, 2020
- Andrew S. Cunningham
- Stuart S. Carruthers
On September 15, 2020, the Office of the Superintendent of Financial Institutions (“OSFI”) released the discussion paper “Developing Financial Sector Resilience in a Digital World”. This document is one product of OSFI’s 2019-22... Read more
Virtual Currency Regulation in Canada in 2020: Where We Are and What’s Ahead

September 22, 2020
- Alix d'Anglejan-Chatillon
- Ramandeep K. Grewal
Four Stikeman Elliott lawyers recently co-authored the Canadian chapter of the third edition of The Virtual Currency Regulation Review, published by Law Business Research Ltd. This chapter provides an excellent practical overview of recent legal and... Read more
COVID-19 Legal Update: Amendments to the Guarantees Acknowledgement Act (Alberta)

August 25, 2020
- Andrew Foster
The Guarantees Acknowledgement Act (Alberta) has been amended to permit two-way video conferencing and counterpart execution for any certificate(s) required to be completed thereunder. Guarantees Acknowledgment Act (Alberta) The Guarantees Acknowledgment... Read more
Establishing a Financial Institution in Canada: Questions and Answers

July 17, 2020
- Elizabeth Breen
- Meaghan Obee Tower
Two members of our Banking & Finance Group – Elizabeth Breen and Meaghan Obee Tower - recently authored a chapter of a Thomson Reuters/Practical Law publication on establishing a financial institution in Canada. Written in Q&A format,... Read more
Finality of Payments and Defending against the Unknown: Mitigating the Federal Court of Appeal’s Decision in TD v. Canada

May 28, 2020
- Peter E. Hamilton
- Daphne J. MacKenzie
In its recent decision in Toronto-Dominion Bank v. Canada,[1] the Federal Court of Appeal determined that a secured creditor that receives sale proceeds of property that is subject to a deemed trust pursuant to section 222 of the Excise Tax Act (ETA) for... Read more
Impact of COVID-19 on Canadian Commercial Mortgage Lending

April 3, 2020
- Stikeman Elliott
Participants in the Canadian commercial mortgage market are all facing an extraordinary “Black Swan” market disruption triggered by the current COVID-19 crisis and resulting government lockdowns. It is too early to know for sure what the full scope and... Read more
COVID-19: Market Developments in Banking and Finance

March 30, 2020
- Stikeman Elliott
It may be too early to say exactly how the COVID-19 pandemic will ultimately impact borrowers’ financial health and liquidity needs, or how those needs will be addressed by lenders and borrowers over the long term. However, at least in the short... Read more
VIDEO: The Latest Trends in Acquisition Financing

February 13, 2020
- Howard J. Rosenoff
- Serge Levy
Serge Levy and Howard Rosenoff from our Banking & Finance Group discuss the latest trends in acquisition financing, both from a lender’s perspective and a borrower’s perspective (1 hour, 11 minutes, 47 seconds). > See all Stikeman Elliott... Read more

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