On September 19, 2008, the Supreme Court of Canada refused leave to appeal the approval of an all-encompassing restructuring plan for the Canadian market in Asset-Backed Commercial Paper and put an end to all legal challenges relating to what is now appearing to be merely the first Canadian chapter in a financial crisis that has since swept the globe. [more] Full article

The comfort provided by a surety bond can be lost easily if one does not cross one’s T’s and dot one’s I’s. However, by being aware of the defences most often raised by sureties you can chart a course that reduces the likelihood that the surety bond ends up as nothing more than a souvenir of a construction project gone wrong. [more] Full article