As we transition to new ways of operating against a backdrop of a volatile economic outlook, businesses are implementing strategies to ensure they can continue to operate in a rapidly changing and increasingly uncertain legal and regulatory landscape. Operational resilience and a clear strategy will be essential for organizations not only to survive, but to thrive, in 2020 and beyond. Whilst protecting public health still remains the priority, many organizations are facing challenges, including major disruption to their supply chains, meeting contractual obligations, bringing people back to the workplace and implications under funding arrangements. Many of these issues need to be navigated on a cross-border basis.
This Canadian resource hub identifies the key issues and provides practical guidance as well as innovative and strategic thinking from our lawyers across the country on the legal and regulatory challenges. Our multi-disciplinary team takes a holistic approach to risk management that spans business units, areas of law and national boundaries.
What the future will hold, as we attempt to shift towards a period of recovery, is unclear. However, we can certainly expect disruption for some time, and businesses will need the assistance of agile legal teams during this time and beyond.
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Canadian securities regulators publish continuous disclosure review report and provide guidance on COVID-19 disclosure
The Canadian Securities Administrators (CSA) have published their latest continuous disclosure review report, which includes guidance on reporting the impacts of COVID-19.
What to expect after the Canada Emergency Response Benefit
On August 20, 2020, the federal government announced major changes to the Employment Insurance (EI) program and the creation of three new recovery benefits.
Proposed legislation protects Ontario businesses from pandemic-related legal claims
On October 20, 2020, the Ontario government tabled the Supporting Ontario’s Recovery Act, 2020 (the Act) in the legislature for first reading.
Canada: Commercial lease remedies during the COVID-19 pandemic
In a series of recent cases, courts in Quebec have prevented landlords from terminating commercial leases and/or have reduced rent payable during periods where tenants were forced to close due to COVID-19, particularly where landlords did not apply for the Canada Emergency Commercial Rent Assistance program (CECRA).
Canada: CECRA program: Closed to new applicants but extensions still available for existing applicants
Further to our May 21 legal update, the terms of the Canada Emergency Commercial Rent Assistance (CECRA) for small businesses program continued to evolve over the summer and the program administrator, Canada Mortgage and Housing Corporation (CMHC), has now confirmed that there will be no further extensions of the CECRA program.