
Publication
What are employers' obligations during election periods?
On March 23, the Prime Minister of Canada called a federal election to be held on April 28.
Global | Publication | February 2016
The Canadian Securities Administrators (CSA) have published significant amendments to the Canadian take-over bid regime (the Amendments). The Amendments are an initiative of all CSA members and are intended to strike a fair balance between the interests of bidders, target boards of directors and security holders of target companies. The Amendments will come into force on May 9, 2016; however, legislative amendments in Ontario are necessary.
While the Amendments do not recognize a target board’s right to “just say no” to and block a hostile bid, they will provide boards of directors of target companies with additional time to respond to such bids and shareholders with the ability to make “voluntary, informed and coordinated” decisions as to whether to tender their securities to the bid.
The key provisions of the Amendments to the Canadian take-over bid regime will, upon coming into effect, require that:
We are preparing a more detailed analysis of these amendments – another update will follow.
Publication
On March 23, the Prime Minister of Canada called a federal election to be held on April 28.
Publication
On March 27, the Autorité des marchés financiers (AMF, Quebec’s financial markets regulator) published proposed amendments (the Amendments) in a publication titled Regulation to amend Regulation 81-102 respecting Investment Funds pertaining to crypto assets.
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