LexisNexis® Legal Newsroom
Canadians to Reconsider the Poison Pill?

It seems Canadians are starting to rethink their approach to the shareholder rights plan. The Globe and Mail report on a paper published by former Ontario Securities Commission chief Edward Waitzer (now at Osgoode Hall Law School) and his colleague at Strikeman Elliot, Sean Vanderpol. They think...

Is a Major Bribery Prosecution Coming in Canada Under the CFPOA?

"What did the President know and when did he know it?" That is the iconic question from the Watergate Hearings asked by Senator Howard Baker of various witnesses. In the case of the Canadian engineering company SNC-Lavalin Group Inc. (SNC), it appears that its chief executive knew something...

Think Twice Before Hitting “Send”

If you have a strong communications component to your business (and let's face it, who doesn't), you'd better take note. Canada is attempting to get rid of all those pesky spam e-mails and text messages through Canada's Anti-Spam Legislation ("CASL"), which is slated to come...

More Thoughts About Corporate Officials' Defense Cost Advancement Rights

An important accessory to the indemnification rights of directors and officers is their right to have their defense expenses advanced while the claims against them are pending, before their ultimate right to indemnification has been determined. A frequently recurring issue is the question of when the...

Canadian Court Hands Down First Prison Sentence Under Corruption of Foreign Public Officials Act

On May 23, 2014, the Ontario Superior Court in Ottawa imposed the first prison sentence under Canada’s Corruption of Foreign Public Officials Act (CFPOA). Defendant Nazir Karigar was sentenced to three years imprisonment for conspiring to bribe Indian government officials. The sentence is significant...

NERA Releases Canadian Securities Class Action Litigation Report

The number of securities class action lawsuit filed in Canada during 2014 was consistent with the recent annual average number of filings, and because case filings exceeded case resolutions, the aggregate total of unresolved class actions continued to grow during the year, according to a February 10...

SNC-Lavalin Should Be Grateful and Not Pout

This article was reprinted with permission from FCPA Professor But Mom / Dad, when Johnny gets into trouble his parents do things a little bit differently, why can’t I benefit from that? As I told The Globe and Mail in this article, that is my reaction to SNC-Lavalin’s unusual statement...