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Dom Sorbara

Banking & Financial Services Lawyer at Bennett Jones Toronto

Partner

Elizabeth K. Dylke

Corporate and Private Funds Lawyer

James G. Morand

Tax Lawyer at Bennett Jones Toronto

This edition of the PE Briefing examines private equity developments in the third quarter of 2025, including trends in Canadian and global deal activity, the continued growth and complexity of private credit, Ontario&rsquo;s advantages as a jurisdiction for non-US flow-through vehicles, and practical considerations in the drafting of earnouts.

The Q3 2025 PE Briefing

Mia Bacic

Corporate and Securities Lawyer at Bennett Jones Vancouver

James D. Beeby

Corporate Finance, M&A, Private Equity and Venture Capital Lawyer

Sarah Harper

The <em>PE Briefing: Q2 2025</em> explores the private equity landscape amid global and Canadian uncertainty, highlighting challenges such as tariffs, geopolitical tensions and extended due diligence slowing deal-making. Despite these hurdles, opportunities exist in resilient sectors like IT, AI and clean energy, driven by long-term trends such as electrification and liquidity demands in secondary markets. The report emphasizes the importance of adaptability, with ESG and AI becoming integral to strategies and notes a slowdown in Canadian deal activity alongside a rise in corporate carve-outs globally. Staying informed and agile remains critical for navigating volatility and capitalizing on emerging opportunities.<br />

The Q2 2025 PE Briefing

Andrew N. Disipio

Securities, Corporate Finance and Mergers & Acquisitions Lawyer at Bennett Jones Toronto

Tekarra Valiulis

Associate at Bennett Jones Vancouver

Associate

<span>The Canadian Securities Administrators (CSA) is undertaking a significant overhaul of National Instrument 43-101 – <em>Standards of Disclosure for Mineral Projects</em> (the Instrument), Form 43-101F1 – Technical Report (the Form) and the related Companion Policy 43-101CP (the Companion Policy). On February 13, 2025 the British Columbia Securities Commission released BC Notice 2025/01 (the Notice) providing an update on the process</span>

Updated Rules for Mining Disclosure

Updated Rules for Mining Disclosure: What the Canadian Securities Administrators Proposed Changes Mean for Industry Participants

<p><span>Global private secondary market transaction volume hit an all-time high of USD$160 billion in FY-2024, which is up 41% from 2023 and has surpassed projections. Private market secondaries have been gaining momentum due to the rapid innovation of products and structures. Secondaries are also adapting to market forces and the rise in global uncertainty.</span></p>
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Private Equity Secondaries Adapting to Illiquidity and Risk

Private Equity Secondaries: Adapting to Illiquidity and Risk

Katelyn Weller

Counsel at Bennett Jones Toronto

Counsel

Carl Cunningham

Management-side Employment Lawyer at Bennett Jones Toronto

The 2025 Federal Budget proposes significant employment law changes, including restrictions on non-compete agreements and new measures to address worker misclassification and wage theft. Federally regulated employers should prepare for upcoming consultations in early 2026.

Federal Budget Proposals Affecting Employers

Andrew Bozzato

Corporate, M&A, Securities Lawyer at Bennett Jones Toronto

Simon Grant

Banking & Finance Lawyer, Fintech Lawyer at Bennett Jones Toronto

Partner 

Matthew Flynn

Technology Transaction Lawyer at Bennett Jones Toronto

<p><span>Canada's federal budget was released on November 4, 2025 and included some much-anticipated news for fintech. In this latest edition of our Fintech in Canada quarterly update, we look at the key announcements in Budget 2025 for the sector, including t</span>he unleashing of stablecoins, fintech-focused changes to financial legislation and momentum for open banking and how fintechs can navigate the evolving landscape.&nbsp;</p>

Fintech in Canada Q3 2025

Ahmed Elmallah

Intellectual Property Lawyer at Bennett Jones Edmonton

Counsel, Patent Agent, Trademark Agent

Lorelei Graham

Food and Agribusiness Lawyer, IP Lawyer, Litigation Lawyer at Bennett Jones Toronto

Edward (Ted) Yoo

Intellectual Property Lawyer and Canada/US Patent and Trademark Agent at Bennett Jones Edmonton

Partner, Patent Agent, Trademark Agent

Recent disputes involving xAI, OpenAI and a former engineer highlight how quickly job transitions can escalate into trade-secret and IP risks. This article explains why every business needs a clear confidential information and intellectual property (CI&amp;IP) governance policy&mdash;and how such policies help prevent disputes, protect proprietary assets and ensure compliance with third-party obligations.

Why Every Business and StartUp Needs an Employee Governance Policy

X.AI Corp. v. OpenAI—Why Every Business (and Start-Up) Needs an Employee Governance Policy for Managing Confidential Business Information and IP Risk

Martin Ignasiak KC

Regulatory Lawyer at Bennett Jones Calgary

Ashley M. White

Corporate, Commercial Transactions, Power & Energy Lawyer at Bennett Jones Calgary

Jessica Kennedy

Budget 2025 sets out Canada&rsquo;s Climate Competitiveness Strategy, reaffirming goals to attract clean investment, strengthen carbon pricing systems and position the country as an emerging energy superpower. The Strategy details updates to emissions regulations, clean technology tax credits, critical mineral programs and major project approvals, offering new signals for investors and industry.

Canadas Budget 2025 Canadas Climate Competitiveness Strategy

Canada's Budget 2025: Canada's Climate Competitiveness Strategy

J. Sébastien A. Gittens

Intellectual Property and Technology Commercialization Lawyer at Bennett Jones Calgary

Partner, Trademark Agent

Stephen D. Burns

Technology Lawyer, Intellectual Property Lawyer at Bennett Jones Calgary

AI is rapidly integrating into enterprise workflows, yet vendor agreements often lag behind in safeguarding organizational risk. This article highlights the hidden hazards in standard AI terms and conditions, including data usage, IP ownership, liability limits and regulatory compliance gaps and outlines strategies to strengthen contractual oversight.

Bennett Jones Welcomes Vancouver's McCullough O'Connor Irwin

From the Same Authors