What do I need to know about Mergers and Acquisitions?
The Franchise Voice, Volume 12 Issue 3
Miller Thomson’s National M&A Work is Ranked Top Tier Among Canadian Law Firms and Globally
We are proud to acknowledge the Q1 2011 accomplishments of our M&A practitioners and close colleagues of Miller Thomson’s national corporate tax team. In the first quarter M&A league table rankings, released just after our own Federal Budget Review was...
Mergers and Acquisitions of Franchise Systems
Franchise Voice, Canadian Franchise Association
CSA Staff Notice 51-333: Environmental Reporting Guidance
Introduction Increasing environmental awareness has significantly affected the manner in which businesses operate and plan for the future. With environmental regulation at the forefront of the public conscience, companies and investors have requested clarification of the continuous disclosure (“CD”) requirements...
New Regulation For Rating Agencies
The Canadian Securities Administrators (the “CSA”) have recently released for comment proposed National Instrument 25-101 Designated Rating Organizations (the “Proposed Rule”). The Proposed Rule is the first attempt to regulate credit rating organizations (“CROs”) in Canada. The CSA have, apparently,...
IIROC New Product Due Diligence Regulatory Review – Common Deficiencies and Requirements for Written Policies, Procedures and Controls
In our Fall 2009 issue, we discussed the Canadian Securities Administrators’ (“CSA”) Staff Notice 33-315 entitled Suitability Obligation and Know Your Product (the “Staff Notice”) in which the CSA gave guidance to registrants with respect to the “know your product” and...
CSA Staff Notice 51-332 – Continuous Disclosure Review Program Activities for the fiscal year ended March 31, 2010
On an annual basis reporting issuers can benefit from reviewing the results of the Canadian Securities Administrators’ (the “CSA”) continuous disclosure (“CD”) review program. The CD review program has the goal of identifying material disclosure deficiencies in the public disclosure...
Court Approval of Plan of Arrangement: The Magna Decision
In August 2010, the Ontario Superior Court of Justice approved a plan of arrangement (“Arrangement“) which allowed Magna International Inc. (“Magna“) to eliminate its dual class share structure. A plan of arrangement is a court supervised procedure that requires the...
New Directions in Canadian Rights Plans – But Which Way?
On July 27, 2010, the British Columbia Securities Commission (“BCSC”) issued its full majority reasons for its April 2010 decision to cease-trade the Lions Gate Entertainment Corp. shareholder rights plan (the “SRP”) adopted in response to a hostile bid made...
