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Blue Bonds: Making a splash in the Capital Markets
In 2018, the Republic of Seychelles launched the first-ever “blue bond”, with the support of the World Bank Group and the Global Environment Facility.
Canada | Publication | June 2025
The Competition Bureau recently released its annual plan for 2025-26, outlining its priorities at a time when Canada is navigating rapid shifts in trade, market dynamics, and technology.
The Bureau’s priorities build on its work over the past couple of years as the Bureau continues to implement its Strategic Vision and respond to the substantial Competition Act amendments made since 2022. The Bureau also wants to leverage Canada’s presidency of the G7 to spearhead international efforts to advance competition and enforcement policy.
Many of the Bureau’s 2025-26 priorities remain the same as those of 2024-25, but with some notable additions that largely align with the priorities of the new federal government.
Below are highlights from the Bureau’s 2025-26 priorities:
While the Bureau’s annual plan lists many of the same priorities and actions as in prior years, it is sending a clear signal that it intends to be a more aggressive, proactive enforcer than has been previously the case.
Buoyed by recent enforcer-friendly changes to the Competition Act and a boost in funding for the Bureau, Commissioner Boswell has clearly indicated we have entered into a “new era of competition enforcement in Canada.”
Companies doing business in Canada should anticipate that the Bureau is looking for opportunities to flex its enforcement muscles. This means they need to ensure they understand the impact of recent Competition Act changes on their operations and proactively assess whether they need to change any of their current business practices or compliance policies. Additionally, companies contemplating transactions (both in industries the Bureau is focussing on and more generally) will want to assess the potential competition law risk at an earlier stage in the strategic process, to account for the impact of last year’s changes to the Competition Act merger review provisions, which have impacted the complexity and length of merger reviews.
The authors would like to thank Thomas Broccolini, summer student, for his contribution to preparing this legal update.
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In 2018, the Republic of Seychelles launched the first-ever “blue bond”, with the support of the World Bank Group and the Global Environment Facility.
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We are delighted to be participating in Marine Money Week New York 2025. As one of the landmark events for the global shipping finance community, and with the global shipping and maritime industry at such a pivotal juncture, we look forward to catching up with clients and contacts to continue discussions around navigating the current challenges and opportunities.
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On 8 May 2025, the Court of Justice of the European Union (the CJEU) delivered its ruling in case C-581/23 (the Ruling), providing guidance on one of the conditions for an exclusive distribution agreement to benefit from the block exemption under Article 4(b)(i) of the 2010 Vertical Block Exemption Regulation (the VBER)1, notably the so-called ‘parallel imposition requirement’.
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