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Banking, Bankruptcy & Insolvency


Wednesday, June 22, 2022 @ 2:08 PM

Domestic stability buffer remains unchanged: Financial regulator

The domestic stability buffer (DSB) will remain at 2.5 per cent of total risk-weighted assets, the Office of the Superintendent of Financial Institutions (OSFI) announced on June 22. ... [read more]

Tuesday, June 21, 2022 @ 4:42 PM

Conservative MP introduces private member’s bill to combat money laundering

A Conservative member of Parliament has introduced a private member’s bill in the House of Commons to combat money laundering, which could dovetail with government beneficial ownership registry legislation announced in Budget 2022. ... [read more]

Monday, June 20, 2022 @ 5:16 PM

Condo owner must pay $1.8 million, can’t appeal receivership order, Court of Appeal rules

A condominium owner who defaulted on a $1.8-million interest payment has no appeal as of right of a receivership order under the Bankruptcy and Insolvency Act, the Ontario Court of Appeal has ruled. ... [read more]

Wednesday, June 15, 2022 @ 2:18 PM - Last Updated: Wednesday, June 15, 2022 @ 3:37 PM

Debate in Ontario over whether online gambling will cause more addiction Michael Cameron, Borden Ladner Gervais LLP.

Lawyers and experts are divided over whether Ontario’s legalization of online gambling will lead to increased rates of addiction. ... [read more]

Wednesday, June 15, 2022 @ 9:31 AM

Restructuring/insolvency litigator joins Cozen O’Connor’s bankruptcy group in Toronto

Cozen O’Connor welcomed veteran litigator Steven J. Weisz to its North American bankruptcy, insolvency and restructuring group. ... [read more]

Monday, June 06, 2022 @ 11:38 AM

Quebec justice system in crisis, legal experts say Catherine Claveau

The Quebec justice system, buckling under the weight of years of chronic underfinancing, is stricken by such a serious manpower shortage that hardly a day goes by without a trial, a preliminary inquiry or a sentence being delayed or postponed, an untenable situation that could lead to “significant harm” to the public and undermine faith towards judicial institutions, warn top legal officials. ... [read more]

Thursday, June 02, 2022 @ 5:00 PM

Ontario court grants summary judgment to subcontractor after contractor breached trust condition

A Mississauga, Ont., paving company has been granted default summary judgment against a contractor for breach of trust after it was not paid for work completed on a commercial centre in suburban Toronto. ... [read more]

Thursday, May 26, 2022 @ 4:52 PM

Office of Superintendent of Financial Institutions drafts guideline on climate risk management

The Office of the Superintendent of Financial Institutions (OSFI) has issued a draft version of Guideline B-15: Climate Risk Management, which outlines OSFI’s expectations of federally regulated financial institutions (FRFIs) and their management of climate-related risks. ... [read more]

Wednesday, May 11, 2022 @ 5:18 PM

Alberta’s top court dismisses appeal of whether initial order stayed proceedings

The Alberta Court of Appeal has dismissed an appeal from an aerospace company and its director after ruling that an initial order stayed proceedings against multiple defendants. ... [read more]

Friday, May 06, 2022 @ 4:50 PM

B.C. appellate court grants appeal to bankruptcy trustee

A trustee bankruptcy who appealed an order concerning payment of fees will be required to apply for leave of the court as matter of public interest but will not require leave to appeal a cross-claim civil action against the respondent parties, British Columbia’s top court has determined. ... [read more]