Tag archives: Regulatory

Tax competition is coming – review of the Federal Fall Economic Update

Carl Deeprose (Toronto)By Carl Deeprose (Toronto) on Posted in Antitrust, competition and regulatory, Tax
On November 20, 2018, the federal Government of Canada released their Fall Economic Update – a review of the country’s finances and economic health that addresses trends and changes taking place in Canada and the world since the federal Budget in the spring. Of particular note in 2018 was the anticipated response to the U.S. … Continue reading

Tokenizing securities: is it worth it?

Ahad Ahmed (Toronto)By Ahad Ahmed (Toronto) on Posted in Corporate finance, Finance
Tokenization refers to the process of converting the right to an asset into a digital token, issued, stored, and transferred on a blockchain (the latter of which we’ve covered previously). Many real world assets can be tokenized, including fine art and real property. Of particular interest in corporate finance is the tokenization of securities, such … Continue reading

Quebec opens its door to InsurTech: opportunities to grasp

Pier-Olivier Poisson (Montreal)By Pier-Olivier Poisson (Montreal) on Posted in M&A, Technology and innovation
The insurance industry is changing. A more digitally savvy customer base and the emergence of new technologies are reshaping the sector. Enter technology-led companies known as “InsurTechs.” In Québec, this innovative business approach along with a substantial legislative change is expected to increase M&A transactions. Mindful of offering a regulatory environment that is flexible and apt … Continue reading

U.S. banking M&A on the rise and may extend to Canadian financial market

Jeffrey Spiegel (Toronto)By Jeffrey Spiegel (Toronto) on Posted in Financial institutions, M&A
According to a recent article published by Pitchbook, this year has already shown a positive momentum for deal-making in the U.S. banking industry – a trend worth monitoring as it is expected to surge further as the year progresses and U.S. banks (especially those that already have a Canadian presence) may be looking to acquire … Continue reading

Global trends in insurance M&A

Kaitlind de JongBy Kaitlind de Jong on Posted in Corporate finance
As reported in KPMG’s 2015 report on trends driving the insurance M&A landscape, strong balance sheets and continued confidence resulted in a steady flow of targeted mergers and acquisitions over the past year. Another active year for insurance industry M&A is expected. The report predicts four broad drivers of M&A activity in the global insurance … Continue reading

Acquisitions of freight carriers and other commercial vehicle operators: the road to regulatory compliance

Nikolai KovtouchenkoBy Nikolai Kovtouchenko on Posted in Corporate finance, Transport
Transport by road is a major and developed industry in Canada and the United States. The acquisition of a freight carrier – a commercial vehicle operator – may trigger varying levels of regulatory registration and compliance requirements, depending on how the transaction is structured. The same concerns will often arise in acquisitions of entities that … Continue reading

Higher Investment Canada Act & Competition Act Thresholds for 2012

Kevin Ackhurst (Toronto)By Kevin Ackhurst (Toronto) on Posted in Antitrust, competition and regulatory
 Under the Investment Canada Act, Canada’s foreign investment review law,  the direct acquisition of control of a Canadian business by a non-Canadian from a WTO-member country is subject to pre-closing review and approval where the assets of the acquired business exceed a prescribed threshold.  Effective February 25, 2012, that threshold is $330 million, up from the 2011 … Continue reading
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