Financial Services Update

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

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

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

A panel of the Ontario Securities Commission (OSC), consisting of a single commissioner, recently ordered that a prospectus receipt be issued for a new Bitcoin Fund (the Fund) managed by 3iQ Corp. (the Manager), overruling an earlier decision by the Director... Read more

Three members of our Toronto office who work with investment funds recently authored the Canadian chapter of Practical Law’s Global Guide 2019: Retail Investment Funds. This publication provides a concise overview of the legal and regulatory... Read more

The Canadian Securities Administrators (the CSA) have published for comment proposed amendments (the Proposed Amendments) intended to reduce the regulatory burden on investment funds. The Proposed Amendments published in the CSA Notice and Request... Read more

Reversing a ruling of the Tax Court of Canada, the Federal Court of Appeal has determined, with respect to a complex funding arrangement for broker commissions in connection with the sale of mutual funds’ securities to investors, that the mutual... Read more

Four Stikeman Elliott lawyers recently co-authored the Canadian chapter of The Virtual Currency Regulation Review (2nd ed.), published by Law Business Research Ltd. The chapter provides an excellent overview of this rapidly developing area of law, including... Read more

In a pair of decisions[1], the Ontario Court of Appeal considered (i) whether a gross overriding royalty (GOR) is an interest in land and (ii) whether an interest in land can be extinguished by a vesting order (and, if so, when). Deliberately recognizing... Read more