In its recent decision,
Re Coventree Inc., the Ontario Securities Commission (the "Commission") made subtle yet significant changes to securities law jurisprudence. The decision represents a broadening of the term "material change" and it expands the discretion of the Commission to determine when a material change occurred and what constitutes materiality. Given the nature of these changes, counsel will need to keep in mind the Commission's seemingly expansive authority to find violations of the Ontario
Securities Act when advising clients. Published in
Corporate Liability, vol XVII, No. 2.
Please note that this publication presents an overview of notable legal trends and related updates. It is intended for informational purposes and not as a replacement for detailed legal advice. If you need guidance tailored to your specific circumstances, please contact one of the authors to explore how we can help you navigate your legal needs.
For permission to republish this or any other publication, contact Amrita Kochhar at kochhara@bennettjones.com.