Bill 65 – Ontario Not-For-Profit Corporations Act

NFPCA – the new Not-for-Profit Corporations Act, 2010, (NFPCA), here, passed by the Ontario Government October 19, 2010, is the new framework for Ontario’s 46,000 not-for-profit corporations (NFP). NFPs may also incorporate federally and therefore subject to the federal Not-for-profit Corporations Act.The NFPCA will replace the ...
Posted: 4/26/2011 12:00:00 AM by Global Administrator

Funding Plaintiff Securities Class Actions in Canada

The race to US style litigation just went from go-cart speeds to F1.Prompted by contingency fees, promoted by the plaintiff bar, a little nitrous oxide boost by Bill 198 and recent class action certification decisions, and now we are rounding the corner to see the checkered flag.In Dugal v. Manulife Financial Corp, here, a funding agre...
Posted: 4/20/2011 12:00:00 AM by Global Administrator

Canadian Class Action Securities Claims

This may surprise a lot of Canadian directors and officers. NERA Economic Consulting recent published its “Trends in Canadian Securities Class Action: 2010 Update”, here, co-authored by Mark L. Berenblut, Bradley A. Heys, and Tara K. Singh. They suggest there are 28 active lawsuits, alleging almost $16 billion in damages. Eight ...
Posted: 4/14/2011 12:00:00 AM by Global Administrator

Skip Arbitration, Go Straight to Class Action

The Supreme Court of Canada has released a new decision in Seidel v. TELUS Communications, here, that will be followed closely by Canadian class action plaintiff lawyers. If you don’t want to read the whole case,Osler has released a paper, here, by Jennifer Dolman and Matthew Thompson, discussing the decision,...
Posted: 4/12/2011 12:00:00 AM by Global Administrator

Directors’ Liability

Greg Shields was happy to respond to the request for a second article by the Canadian Society of Physician Executives (CSPE) Newsletter (www.cspexecs.com). With their permission we have re-published it here. Directors’ Liability By Greg ShieldsAll good things come with risk and reward. Company director is a vital role. Our organizations, w...
Posted: 3/10/2011 12:00:00 AM by Global Administrator

Legal Developments and Emerging Risks in the D&O Market

Greg Shields appreciated the generous offer to contribute a guest blog article to the widely-followed Recovery Partners Blog.  Please see introduction from Alex Jurshevski at Recovery Partners and the link to the article below. In this latest blog posting, Recovery Partners welcomes a contribution from Greg Shields, an Insurance Profes...
Posted: 2/28/2011 12:00:00 AM by Global Administrator

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