Keyword
Securities Act
Amendment to Ontario’s Forest Fires Prevention Act takes aim at railway liability
May 26, 2017 by Canadian UnderwriterA recent amendment to Ontario’s Forest Fires Prevention Act now stipulates that railway corporations are liable for damages related to fires originating within 15 metres of the centre line of their tracks, while members of the Ontario Securities Commission are…
Lawyer warns pollution lawsuits in Alberta can proceed ‘well past the ultimate limitation period’
April 10, 2017 by Canadian UnderwriterA plaintiff could file a pollution lawsuit in Alberta “well past” the end of the limitation period, even if a hazardous substance was released more than 50 years ago, a lawyer warned in a recent blog post. Alberta’s Environmental Protection…
Quebec online gaming vendor facing class-action shareholders lawsuit must disclose liability insurance policies: Court
January 17, 2017 by Canadian UnderwriterA Pointe-Claire, Québec-based online gaming company, whose former chief executive officer is facing insider trading charges, has been ordered to provide its general liability, errors and omissions, and directors’ and officers’ liability insurance policies to shareholders who are suing the…
Personal Liability
January 1, 2017 Christopher Mutcheson, Head of Directors and Officers and Financial Institutions, Financial Lines Canada, Allianz Global Corporate & SpecialtyAs insurers carve back language excluding pollution clean-up in directors’ and officers’ (D&O) liability policies and regulators impose administrative monetary penalties on corporate directors, D&O programs may be hit with new claims in 2017.
Court of Appeal for Ontario clears way for misrepresentation lawsuit against directors and officers arising from take-over bid circulars
August 23, 2016 by Canadian UnderwriterShareholders alleging that an offeror made a misrepresentation in a take-over bid circular can – in Ontario – sue both the offeror and the offeror’s directors and signatories personally, rather than having to choose to sue one or the other,…