Canada ratifies ICSID, Finally
On November 1, Canada ratified the World Bank’s ICSID Convention by depositing its “Instrument of Ratification” with the ICSID. In doing so, Canada is the last G8 member to ratify the Convention. Canada signed the Convention on December 15, 2006. Bill C-9 which was the implementing legislation, received Royal Assent on March 13, 2008. In a previous Litigator article, I wrote that the ratification of the Convention “has been a long time coming”, and lamented the lack of action by Canada in ratifying the Convention. In ratifying the Convention, the Canadian Government has finally allayed the concerns of Canadian businesses and ... [more]
Crane Rental Operater Hoisted by Restrictive Covenants
Priceless: Competition case against Visa and MasterCard dismissed
New Life for a National Securities Regulator?
On Thursday, September 19, the Canadian government announced a new plan for national securities regulation. So far, it has the support of just two provincial governments, Ontario and British Columbia, but the plan invites all other provinces and territories to sign on. Quebec and Alberta defeated the last federal attempt to create a national regulator, which the Supreme Court deemed unconstitutional in the Securities Reference (2011 SCC 66). But the new plan differs in two important ways. First, there will be no federal law regulating the securities industry in general. Instead, that will be regulated by uniform provincial laws to be adopted by participating provinces. Second, the federal law will deal with criminal provisions, national data collection, and systemic risk in the financial sector, areas the Securities Reference either did not contest or specifically viewed as proper candidates for federal legislation. [more]
Ottawa Businessman Convicted of Foreign Corruption
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