Banking, Bankruptcy & Insolvency
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July 09, 2025
Jack Maslen joins Lawson Lundell as partner
Lawson Lundell LLP has welcomed Jack Maslen to the firm as a partner in its litigation and dispute resolution group and its insolvency and restructuring group.
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July 08, 2025
CFIB asks trade ministers to advance mutual recognition deal as think tank report urges caution
The Canadian Federation of Independent Business (CFIB) is urging federal, provincial and territorial trade ministers to make progress on a pan-Canadian mutual recognition agreement on goods and direct-to-consumer alcohol delivery as the ministers’ Committee on Internal Trade (CIT) meets in Quebec City.
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July 08, 2025
B.C. court upholds Quebec decision on $1.6M illegal payroll scheme
The British Columbia Supreme Court has dismissed an application to set aside a decision of the Quebec court in which the applicant failed “to report and remit approximately $1.6 million in employee source deductions.”
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July 08, 2025
Insolvencies still markedly higher than pre-pandemic levels, latest stats indicate
Business insolvencies dropped to 391 filings in May of this year, a 16.5 per cent decline from April but significantly higher than pre-pandemic levels, figures from the Office of the Superintendent of Bankruptcy (OSB) show.
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July 04, 2025
Court quashes appeal relating to 23andMe’s insolvency after global data breach
The B.C. Court of Appeal has quashed an appeal finding that the appellant failed to seek required leave in relation to insolvency proceedings. The appellant sought to bring class actions relating to a 2023 cyberattack on genetic testing company 23andMe.
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July 04, 2025
Anisha Samat returns to Robins Appleby
Anisha Samat has rejoined Robins Appleby LLP’s litigation group as an associate.
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July 03, 2025
CSA brings guidance on regulatory concerns regarding certain asset or business acquisitions
The Canadian Securities Administrators (CSA) has published guidance on regulatory concerns with certain asset or business acquisitions. It refers to those primarily taking place in venture markets and relates to concerns regarding misleading disclosure that may constitute market manipulation.
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July 03, 2025
B.C. announces amendment to expand use of on-demand surety bonds for home construction
The government of British Columbia says plans to amend its Development Cost Charge and Amenity Cost Charge (Instalments) Regulation to expand the use of on-demand surety bonds provincewide will help speed up home construction and reduce upfront costs for builders.
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July 03, 2025
FINTRAC imposes $544,000 penalty on Canaccord Genuity for AML compliance failures
Vancouver-based Canaccord Genuity Corp., Canada’s largest independent investment dealer, has been fined $544,000 for failing to comply with the federal Proceeds of Crime (Money Laundering) and Terrorist Financing Act and associated regulations.
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July 02, 2025
Federal government makes carbon rebate for small businesses tax-free
Ottawa wants to make its small business carbon tax rebate tax-free.