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Published on: 7 Jul 2020 By

Is it time to update the financial statements in your franchise disclosure document?

Financial Statement Requirements for Disclosure Documents Franchise legislation in Canada (currently in the provinces of BC, Alberta, Manitoba, Ontario, New Brunswick and PEI) contains a requirement that franchisors include financial statements for their most recently completed fiscal year. Generally speaking, franchisors may include either: audited financial statements; or review engagement financial statements. Financial statements must...

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Published on: 15 Jul 2020 By

The rise and fall of Quadriga, a Canadian crypto exchange Ponzi scheme

We may only be a few years away from a Netflix special on the Quadriga collapse.ย There would be plenty to fill a script in last month’s release of an investigative report from the Ontario Securities Commission, which found that Quadriga was a fraud and Ponzi scheme (the โ€œOSC Reportโ€). The OSC Report is the culmination...

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Published on: 8 Sep 2020 By

Climate-Change Litigation: Failure to disclose risks

On July 22, 2020 a 23 year old individual led the filing of a class action lawsuit against the Australian government alleging that the government failed to disclose the material risk of climate change to investors in government bonds1. Instead of seeking damages the relief sought seeks to require the government to improve its climate...

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Published on: 1 Oct 2020 By

New COVID-19 screening requirement for businesses and organizations

On Friday, September 25th, the Ontario government announced that,ย effectiveย September 26thย allย Ontarioย businessesย mustย comply with any advice, recommendations and instructions issued by the Office of the Chief Medical Officer of Healthย (theย โ€œChief Medical Officerโ€)ย on screening for COVID-19.ย ย As such, workplaces must now screen all workers and essential visitors entering the work environment uponย arrivalย for COVID-19.ย ย  Theย currentย recommendations of the Chief Medical Officer andย theย required...

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Published on: 16 Oct 2020 By

The Securities and Exchange Commission amends its whistleblower program

On September 23, 2020, the US Securities and Exchange Commission (โ€œSECโ€) ย finalized changes to its highly successful whistleblower program (the โ€œSEC Programโ€)1. Since it began, the SEC Program has paid over $500 million in total rewards to tipsters. ย Earlier this June, one anonymous individual was handsomely rewarded with nearly $50 million for detailed evidence about...

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Published on: 13 Nov 2020 By

Fines of over $120,000 imposed for serial violations of the Occupational Health and Safety Act

Not ensuring a safe workplace can be a costly mistake as one London, Ontario rebar fabricator recently found out.ย  During the summer of 2018, a Ministry of Labour, Training and Skills Development Inspector issued 18 orders to AGF Rebar Inc. (โ€œAGFโ€) requiring that certain machinery inside its building be equipped with guarding, and that existing...

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Published on: 24 Nov 2020 By

Excluded benefits โ€“ General exclusions under Ontarioโ€™s no-fault accident benefits regime

In Ontario, an individual injured as a result of a motor vehicle accident can claim from the automobile insurance company for various benefits under the Statutory Accident Benefits Schedule (the โ€œSABSโ€). The purpose of the SABS is to allow an insured individual access to necessary treatment and benefits in a timely manner. The benefits are...

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Published on: 26 Nov 2020 By

Justice wonโ€™t wait โ€“ Ontario Court of Appeal finds against plaintiff who waited four years to bring a lawsuit

If you have been injured because of the actions of another, donโ€™t sit and wait to see how things turn out. Our law limits the time you have to start a law suit. The Ontario Court of Appeal in Baig v. Mississauga, 2020 ONCA 697 recently reinforced what is now a well-established principle of limitation...

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Published on: 16 Dec 2020 By

Civil jury trials during the pandemic

The COVID-19 pandemic has ushered in an era of uncertainty for litigants in several respects, not the least of which has included interruption to regular Court operations and uncertainty with respect to whether and when civil jury trials can be conducted. The most recent indicator of this uncertainty was the Notice to the Profession and...

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