Business
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October 23, 2024
Alberta Law Society tribunal decision to sanction first Black justice minister sparks controversy
Canada’s first Black justice minister and solicitor general was found guilty this month of undermining the public’s “respect for the administration of justice” in a Law Society of Alberta (LSA) tribunal decision that has sparked criticism from some legal ethics experts.
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October 23, 2024
OSC awards $150,000 to international whistleblower
The Ontario Securities Commission (OSC) has awarded $150,000 to an international whistleblower who provided information about significant issues at an early-stage firm, according to an Oct. 23 release.
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October 23, 2024
Ontario judge denies certification for class action again after remittal from Court of Appeal
The Ontario Superior Court has again declined to certify a proposed class action against certain financial advisors following the province’s top court overturning a previous denial that was based on the pleadings disclosing no cause of action.
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October 23, 2024
FINTRAC warns lawyers to be alert to potential money laundering and sanctions-evasion schemes
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has published a special bulletin on the use of the legal profession in money laundering and sanctions evasion, warning lawyers and businesses to be alert to the characteristics of financial transactions “that may be associated with the laundering of proceeds of crime through the legal profession.”
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October 23, 2024
Ontario court rules that directors cannot be removed by shareholder proposal
In OneMove Capital Corporation v. Dye & Durham Limited, 2024 ONSC 5114, the court concluded that shareholders may not submit a proposal under s. 99 of the Ontario Business Corporations Act (OBCA) for the purpose of removing a director from office. Section 99 permits a voting shareholder to advance a “proposal” for consideration by shareholders, and such a proposal may include advancing a candidate for election to the board. The court held that a shareholder seeking the removal (as opposed to election) of a director must instead requisition a special meeting of shareholders under s. 105 of the OBCA.
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October 23, 2024
2 new associates join Robins Appleby real estate group
Recent news released from Robins Appleby LLP announced the addition of Sukhraj Sandhu and Stephanie Lanz as associates in the firm’s commercial real estate and development group.
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October 23, 2024
Law as a window into community values and reflection of society’s future | David Peters
Law reflects both what society values now and points to the highest ideals of what society views itself to be and is moving towards. Law is both a window into current community values and a reflection of society's future.
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October 22, 2024
Feds announce changes to temporary foreign worker program, drop lawyer attestations
The federal government has announced tweaks to its temporary foreign worker (TFW) program to help wean Canadian companies off the program and encourage the hiring of more Canadian workers, especially amid high youth unemployment.
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October 22, 2024
Capital Markets Tribunal opens applications for proceedings advisory committee
The Capital Markets Tribunal announced on Oct. 22 that it is seeking membership applications for the Securities Proceedings Advisory Committee (SPAC), which consists of staff from the Ontario Securities Commission and private sector members.
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October 22, 2024
B.C. Court of Appeal upholds misconduct finding against lawyer in foreclosure case
The B.C. Court of Appeal has upheld a professional misconduct finding against a veteran Vancouver lawyer who failed to make inquiries when he should reasonably have been suspicious that his client was, or might be, involved in illegal activities.