Legal and Regulatory Blog

A common situation is to be asked by a client to prepare or review a “non-disclosure agreement” or NDA.  Such an agreement is often used by the parties to ensure that confidential or proprietary business information – a secret process, a novel business concept or other...

On April 10, the Minister of Finance published new regulations that apply to external complaint bodies in the banking sector. Published in the Canada Gazette, the Complaints (Banks, Authorized Foreign Banks and External Complaints Bodies) Regulations come into force Septembe...

Bill C-28, the Financial Literacy Leader Act, which provides for the appointment of a Financial Literacy Leader within the Financial Consumer Agency of Canada, received Royal Assent on March 27. This appointment will deliver on a Budget 2011 commitment and responds to the top...

Gary is pleased to announce that he has moved his office to share space with Friedman & Associates at 150 Ferrand Drive, Suite 802, Toronto ON M3C 3E5. His direct Line  is 416-496-3340, Ext. 133. His cell number continues to be 647-273-9943. Friedman &...

Libby Gillman spoke at the Canadian Institute’s 8th Annual Forum on Payments Compliance held in Toronto, February 27-28, 2013 on the topic of  “Emerging Technologies: How to Create a Resilient Compliance Program Incorporating New Payment Solutions and Products”. At that...

Today we attach in the Publications section on this site a short article explaining some particular contract rules in the Quebec Civil Code.  These rules permit parties receiving physical or intellectual work, or services under independent contracts, to terminate the...

The Need Carefully to Review NUANS However, whether proceeding under the Canada Business Corporations Act or the Ontario Business Corporations Act, the applicant for a corporate name is always strongly advised to check the NUANS carefully with his lawyer to consider whether the...

Use By Incorporating Jurisdiction of NUANS An important point in Ontario is that once the NUANS report is obtained and assuming that its period of validity (90 days) has not expired, it can be submitted to the Director of Corporations at Queen’s Park in Toronto together with...

The NUANS Report Under the Ontario Business Corporations Act and regulations, a NUANS report must be submitted with the Articles of Incorporation or Articles of Amendment to ensure that the Articles will be issued.  A NUANS report is a report prepared by an authorized issuer...

The Importance of an Effective Name A corporation’s name is one of the most important assets it owns, excepting perhaps for private investment or holding companies where a numbered name (e.g. 1234567 Ontario Inc.) or an indistinct name will suffice.  But generally a company...

Every employer in the province of Ontario has numerous obligations in relation to employment law matters. The following is a summary of some of the more salient ones.Please note this paper addresses provincially (as opposed to federally) regulated employers with non-unionized...

The Office of the Superintendent of Financial Institutions (“OSFI”) issued a final, updated, Corporate Governance Guideline on January 28, 2013  (the “Final Guideline”).  The Final Guideline sets out OSFI’s requirements regarding corporate governance of federally regulated...

Every employer in the province of Ontario has numerous obligations in relation to employment law matters. The following is a summary of some of the more salient ones. Please note this paper addresses provincially (as opposed to federally) regulated employers with non-unionized...

Every employer in the province of Ontario has numerous obligations in relation to employment law matters. The following is a summary of some of the more salient ones. Please note this paper addresses provincially (as opposed to federally) regulated employers with non-unionized...

Every employer in the province of Ontario has numerous obligations in relation to employment law matters. The following is a summary of some of the more salient ones. Please note this paper addresses provincially (as opposed to federally) regulated employers with non-unionized...