Banking, Bankruptcy & Insolvency
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July 17, 2025
Wide-open-door policy ‘is not how we roll,’ Federal Court of Appeal judge tells would-be interveners
The Federal Court of Appeal’s senior puisne judge says those applying to intervene at the national intermediate appellate court should ask themselves whether their presence “will advance our work.” On July 15, 2025, Justice David Stratas dismissed motions from the Canadian Association of Refugee Lawyers (CARL) and the Canadian Council for Refugees to intervene in a refugee appeal that challenges the determination below that a Bangladeshi man is inadmissible to Canada because there are reasonable grounds to believe he was a member of the Bangladesh Nationalist Party, an organization found to have engaged in terrorism: Talukder v. Canada (Minister of Public Safety and Emergency Preparedness), 2025 FCA 132.
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July 16, 2025
Ontario Court of Appeal upholds municipal authority in Stratford encroachment dispute
In a decision that could provide guidance for property owners, municipalities and municipal law practitioners, the Ontario Court of Appeal has dismissed an appeal by a Stratford, Ont., property owner who sought to avoid entering into a city encroachment agreement for structures built on a municipal road allowance, ruling that the city never expressly approved the encroachments despite having issued building permits and occupancy certificates.
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July 16, 2025
Dentons stands by its commitment to inclusion as it navigates trade volatility, say CEOs
These are “interesting times” to be one of the world’s largest law firms. With about 5,900 lawyers across more than 80 countries, Dentons is helping clients navigate some of the worst economic volatility in decades and generational technological change as it carefully works to protect its own flanks from a U.S. administration that’s frequently been hostile to the legal sector. Global CEO Kate Barton said that while several major U.S. law firms have been targeted by President Donald Trump — particularly those perceived as opposing him or representing his adversaries — Dentons has managed to avoid the administration’s scrutiny by maintaining a bipartisan approach.
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July 14, 2025
Federal Court judge strikes SRL’s submission in employment dispute over AI hallucination citation
In another sign of AI’s growing impact on the law, the Federal Court has ordered that a self-represented respondent’s motion record be removed from a court file because it relied in part on a non-existent court decision hallucinated by an artificial intelligence (AI) research tool.
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July 14, 2025
FINTRAC publishes updates to its guidance on ministerial directive on Iran
Canada’s anti-money laundering watchdog has updated its existing guidance related to the federal government’s ministerial directive on financial transactions associated with Iran.
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July 14, 2025
BLG appoints Gus Karantzoulis head of specialized business law group
Borden Ladner Gervais LLP (BLG) has announced the appointment of Gus Karantzoulis as its national group head, specialized business law.
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July 11, 2025
FINTRAC flags rising use of dual-use goods, cryptocurrencies in weapons proliferation
Canada’s financial intelligence unit, FINTRAC, is warning that foreign actors are increasingly targeting Canadian dual-use goods and turning to cryptocurrencies in efforts to acquire resources and information to build weapons of mass destruction and evade counter-proliferation controls.
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July 11, 2025
Canadian Securities Administrators announces final amendments for system fees increase
The Canadian Securities Administrators (CSA) has published in final form amendments to Multilateral Instrument 13-102 System Fees (MI 13-102) in its bid to better align system fee revenues with projected national systems operating costs.
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July 11, 2025
Court finds conflict of interest for corporate class in COVID-19 business losses class action
In a class action related to losses that businesses suffered due to COVID-19 health orders, the Alberta Court of King’s Bench has adjourned an application to certify an additional corporate class, finding conflict of interest relating to the plaintiffs’ pleadings and within the proposed class itself.
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July 10, 2025
Competition Bureau will monitor Interac’s e-transfer pricing change
The Competition Bureau has announced that it will be “monitoring Interac’s commitment to change its wholesale e-transfer pricing structure from volume-based to a flat-fee, which is set to take place on November 1, 2025.”