
Publication
Trademark tussles just got spicier: Canada now offers costs awards
Costs awards in trademark opposition proceedings have been long anticipated in Canada.
Global | Publication | April 2022
As springtime arrives many of us are looking at how we can de-clutter our homes. For some the key area of focus is the garage which often houses broken sports and/or garden equipment, a lawn mower that has seen better days and, perhaps, dusty and unused wellington boots. Organizational clutter can take a number of forms for firms, the most common being redundant or duplicative processes, organizational structures and reporting lines that are no longer fit for purpose and objectives that are no longer relevant.
Whilst firms have been taking steps to update their governance arrangements to manage the regulatory and reputational risks arising from the sanctions on Russia, many of them are now starting to think that it may also be the time to do a wider spring clean of their internal arrangements so that they are fit for purpose in the future.
One reason for this may be that objectives and organizational structures require a fuller review in light of the wide ranging impact of the sanctions or that the exercise has revealed certain hangovers from earlier times which are no longer relevant. Another reason concerns minimising regulatory risk. Governance has always been a hot topic for the regulators and by having an annual refresh the firm (and its senior management) may be in a better position to deal with a regulatory enquiry or a section 166 request as the enhancements would improve existing arrangements and help demonstrate to the regulators proactivity.
So what should be spring cleaned?
There are a number of areas to which a firm could apply a duster including:
We can provide assistance at various stages and levels during a governance spring clean including:
Publication
Costs awards in trademark opposition proceedings have been long anticipated in Canada.
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