Publication
Quebec Court of Appeal rules on its constitutionality
The Act respecting the laicity of the State (the Act) has received a lot of attention since its adoption in June 2019.
Global | Publication | February 2016
The Canadian Securities Administrators (CSA) have published significant amendments to the Canadian take-over bid regime (the Amendments). The Amendments are an initiative of all CSA members and are intended to strike a fair balance between the interests of bidders, target boards of directors and security holders of target companies. The Amendments will come into force on May 9, 2016; however, legislative amendments in Ontario are necessary.
While the Amendments do not recognize a target board’s right to “just say no” to and block a hostile bid, they will provide boards of directors of target companies with additional time to respond to such bids and shareholders with the ability to make “voluntary, informed and coordinated” decisions as to whether to tender their securities to the bid.
The key provisions of the Amendments to the Canadian take-over bid regime will, upon coming into effect, require that:
We are preparing a more detailed analysis of these amendments – another update will follow.
Publication
The Act respecting the laicity of the State (the Act) has received a lot of attention since its adoption in June 2019.
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