MEDAC
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OSFI exchanges with insurers and financial institutions not confidential
The Quebec Court of Appeal upheld a lower court ruling that could have a chilling effect on the flow and quality of confidential information financial institutions disclose to regulatory authorities, and even potentially undermine the “safety and soundness” of Canada’s financial system, according to business lawyers. Continue reading
Categories: Business, Class actions, Corporate law, Financial services, Quebec, Quebec Court of Appeal, Rulings -
Quebec Business Corporations Act in force
Quebec’s legislative framework for companies incorporated in the province, for years practically shunned by the business and legal community, has been revamped, modernized and simplified, drawing praise alike from corporate and commercial lawyers and shareholder activists. Continue reading
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Shareholder advocacy group wins battle against one of Canada’s powerful giants
Shareholders should have the right to ask to examine the financial statements of the corporation’s subsidiaries, rules Quebec appeal court. Continue reading