Information Technology
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September 30, 2024
Securities regulators extend compliance deadline for crypto trading platforms offering stablecoin
For a second time, Canadian securities regulators have granted crypto trading platforms (CTPs) another extension to meet the terms and conditions of their registration or to propose and implement investor protection measures related to so-called value-referenced crypto assets (VRCAs) or stablecoin.
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September 27, 2024
Competition Commissioner: Expect more, faster enforcement and stronger remedies
Bolstered by recent amendments to the Competition Act, the Competition Bureau will increase its enforcement activities, taking faster, more people-focused action and seeking stronger remedies, Competition Commissioner Matthew Boswell said on Sept. 26.
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September 27, 2024
Federal Court offers bar, litigants expedited ‘no-hearing’ judicial review for study permit refusals
In an effort to speed up the judicial review of hundreds of study permit refusals as the Federal Court also contends with thousands of other immigration cases, the national trial court is offering parties who opt into a new pilot project a “simplified” no-hearing, in-writing-only procedure where judges will simultaneously decide a JR leave application and the JR’s merits, and do so within five months rather than the 14 to 18 months usually required for a final decision under the general procedure.
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September 27, 2024
Lax O’Sullivan welcomes new lawyer
A recent news release from Lax O'Sullivan Lisus Gottlieb LLP announced the addition of Anne Posno.
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September 26, 2024
Competition Bureau gives green light to $5B National Bank takeover of Canadian Western Bank
The Competition Bureau has cleared the way for Montreal-based National Bank of Canada’s $5 billion acquisition of Edmonton-based Canadian Western Bank (CWB), despite the federal government’s stated goal to increase competition in the financial sector.
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September 25, 2024
OSC Study: AI-enhanced scams pose greater threat to Canadian investors
Artificial Intelligence (AI) enhanced scams pose a greater risk to Canadian investors than conventional scams, according to a study by the Ontario Securities Commission (OSC).
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September 24, 2024
Survey: Half of Canadian small businesses face fraud attempts, victims lose $7,800 on average
Half of all small businesses in Canada experienced either attempted or successful fraud in the past 12 months, with 36 per cent of those that actually fell victim to fraud losing an average of $7,800 as a result, according to a survey by the Canadian Federation of Independent Business (CFIB) and Interac.
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September 24, 2024
Competition law bar eagerly awaits detailed decision in $38.9M drip-pricing penalty against Cineplex
The full legal impact of the Competition Tribunal’s $38.9 million penalty against Cineplex Inc. for drip pricing and deceptive marketing will be difficult to assess until its full written decision is released next week, say competition law specialists.
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September 24, 2024
3 judicial appointments announced for Quebec
Minister of Justice and Attorney General of Canada Arif Virani announced the appointment of Mathieu Piché-Messier, Lysane Cree and Horia Bundaru as judges of the Superior Court of Quebec, a Sept. 23 news release announced.
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September 20, 2024
Canadian Judicial Council says guidelines coming for federal judges’ use of AI, social media
As part of their two-day fall meeting in Charlottetown this week, the chief and associate-chief justices of the nation’s superior courts discussed their progress in creating guidelines for federal judges’ use of artificial intelligence (AI) and social media, the Canadian Judicial Council (CJC) says.