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Andrew N. Disipio

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

Partner

Steven Bodi

Corporate Commercial Lawyer at Bennett Jones Calgary

Jennifer Huang

Commercial Transactions Lawyer at Bennett Jones Toronto

Associate

The TSX Venture Exchange (TSXV) has announced updates to its policy on escrow and resale restrictions. The immediately effective updates amended and renamed Policy 5.4 – Capital Structure, Escrow and Resale Restrictions (New Policy 5.4)

TSX Venture Exchange Updates Escrow Policy for New Listings

James D. Beeby

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

Tekarra Valiulis

Associate at Bennett Jones Vancouver

The Canadian Securities Administrators (CSA) is undertaking a significant overhaul of National Instrument 43-101 – Standards of Disclosure for Mineral Projects (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

Updated Rules for Mining Disclosure

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

Gatlin Smeijers

Environmental Lawyer at Bennett Jones Toronto

Sander A.J.R. Grieve KC

Global Mining Finance, M&A, Exploration, Development and Extraction Lawyer at Bennett Jones Toronto

On April 17, 2025, the Ontario government introduced Bill 5, called the Protect Ontario by Unleashing Our Economy Act, 2025 (Bill 5), an extensive legislative proposal aimed at accelerating resource development and reducing regulatory burdens across Ontario's key industries, including mining. Notably, Bill 5 also proposes a new discretionary authority to deny the issuance of mining leases and cancel existing claims and tenures for the purpose of protecting the "strategic national mineral supply chain".

Ontario Moves to Fast Track Mining Expand Discretion Over Tenure

Ontario Moves to Fast Track Mining, Expand Discretion Over Tenure

Brent W. Kraus

Mergers and Acquisitions, Capital Markets and Corporate/Commercial Lawyer at Bennett Jones Calgary

Osie Ukwuoma

Corporate Lawyer at Bennett Jones Toronto

The Toronto Stock Exchange has published for comment proposed amendments to the TSX Company Manual. 
The amendments are intended to support capital markets by: 
<ol>
 <li>moving away from sector-specific listing requirements to industry agnostic tests for industrial companies; </li>
 <li>revising the specialized listing categories for Mining Companies and for Oil and Gas Companies; </li>
 <li>updating sponsorship requirements; and </li>
 <li>removing requirements applicable to Non-Exempt issuers. The TSX is seeking public comment on the proposed amendments until May 5, 2025.</li>
</ol>

TSX Proposes Amendments to Listing Requirements

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

Matthew Flynn

Technology Transaction Lawyer at Bennett Jones Toronto

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.

The Hidden Hazards of Vendor AI Terms and Conditions

"We signed what?!": The Hidden Hazards of Vendor AI Terms and Conditions

Luke Morrison

Energy Project Development, M&A, and Commercial Transaction Lawyer at Bennett Jones Calgary

Ashley M. White

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

Pamela Clark

Lawyer at Bennett Jones Calgary 

Associate 

The federal government has released a second wave of major projects recommended for expedited review by the Major Projects Office, with a focused shift toward critical minerals and energy development. The list includes strategic clean power, LNG, nickel, graphite, tungsten, and hydro initiatives across multiple provinces and territories. While the anticipated Alberta&ndash;BC pipeline was not included, the selected projects underscore Canada&rsquo;s intent to strengthen energy security, support Indigenous-led development, and accelerate investment in key resource sectors.

Second Wave of Fast Tracked Projects Unveiled including Critical Minerals and Energy Projects

Second Wave of Fast-Tracked Projects Unveiled including Critical Minerals and Energy Projects

Oliver Loxley

Corporate Lawyer at Bennett Jones Vancouver

Dom Sorbara

Banking & Financial Services Lawyer at Bennett Jones Toronto

In the context of corporate debt, 'liability management' refers to a company taking steps to manage its existing debt obligations. This often involves a combination of one or more open market repurchases, redemptions/repayments, consent solicitations, tender offers or exchange offers and may involve other transactions. A repurchase of debt from a holder is one of the most straight-forward examples of liability management.

Liability Management in Canada

Andrew Bozzato

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

Bishoy Attia

Articling Student at Bennett Jones in Toronto

Articling Student

Private investment in the defence sector is accelerating as governments realign policy priorities and expand support for dual-use and DefTech innovation. Canada&rsquo;s 2025 Budget and long-term spending commitments are reshaping the industry, driving new opportunities across AI, cyber, space, advanced manufacturing and critical infrastructure. With global capital flowing into defence technology and structural reforms underway to modernize procurement, the sector is rapidly transitioning from fragmented to fully investable.

Policy Dual Use and DefTech Drive a New Era for Private Capital in Defence

Policy, Dual-Use and DefTech Drive a New Era for Private Capital in Defence

Daron K. Naffin

Energy, Environmental/Regulatory and Expropriation Lawyer at Bennett Jones Calgary

Tim Myers

Regulatory, Environmental, Aboriginal and Expropriation Lawyer at Bennett Jones Calgary

Thomas Machell

Regulatory Lawyer at Bennett Jones Calgary

On November 4, 2025, the Alberta Energy Regulator released AERH2S, an updated version of its computer model for calculating Emergency Planning Zones (EPZs) for sour gas applications. AERH2S replaces the longstanding ERCBH2S model and is available for immediate use by industry. According to AER Bulletin 2025-34, the use of AERH2S will become mandatory for all applications filed under Directive 056: Energy Development Applications and Schedules, including amendment applications, starting January 1, 2026. The continued use of ERCBH2S is permitted for updates to existing EPZs (and any EPZs established before January 1, 2026) under Directive 071: Emergency Preparedness and Response until further notice.

Andrew Disipio on Corporate Governance Strategies in Response to Climate Change-Related Risks and Opportunities

From the Same Authors