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Matthew Flynn

Technology Transaction Lawyer at Bennett Jones Toronto

Partner

Simon Grant

Banking & Finance Lawyer, Fintech Lawyer at Bennett Jones Toronto

Partner 

Kwang Lim

Corporate and Securities Lawyer at Bennett Jones Vancouver

Vancouver Managing Partner

Welcome to Bennett Jones' quarterly Fintech in Canada update, where our fintech lawyers address timely issues shaping the industry. In this Q2 2023 update, we look at considerations when considering the use of generative AI in a business and the SEC filing against Binance

Fintech in Canada Q2 2023 Navigating Industry Shifts and Legal Challenges

Fintech in Canada Q2 2023: Navigating Industry Shifts and Legal Challenges

In Bennett Jones' quarterly Fintech in Canada update, our fintech lawyers address timely issues shaping the industry. In this Q1 2023 update, we look at new and developing federal policies, what's new in the regulation of payment services, crypto-asset trading and stable coins, crypto crime, Canadian and global trends in M&A and corporate finance and the impact on fintech companies and investors.

Fintech in Canada Q1 2023 A Pivotal Moment

Fintech in Canada Q1 2023: A Pivotal Moment

Maureen M. Ward

Corporate and Commercial Litigation and Fraud Lawyer at Bennett Jones Toronto

Joseph N. Blinick

Commercial Litigation, Securities, Class Actions and Insolvency Lawyer at Bennett Jones Toronto

In June 2022, the Final Report of the Commission of Inquiry into Money Laundering in British Columbia was published. The report canvasses the nature and extent of money-laundering activities in British Columbia and examines multiple issues that have contributed to its precipitous rise.

The Cullen Commission Explores the Issue of Money Laundering Through Virtual Assets

Lincoln Caylor

Commercial Litigation and Fraud Lawyer at Bennett Jones Toronto

On June 15th, 2022, the Commission of Inquiry into Money Laundering in British Columbia (Commission or Cullen Commission) released its highly anticipated <a href="https://cullencommission.ca/files/reports/CullenCommission-FinalReport-Full.pdf">final report</a> (the Report) which comes after years of work and a review of extensive evidence, including testimony from nearly 200 witnesses. Led by B.C. Supreme Court Justice Austin Cullen, the Commission was established to inquire and report on the extent of money laundering in British Columbia, the role and effectiveness of regulatory authorities and barriers to law enforcement.

The Cullen Commission Releases Its Final Report Key Takeaways

The Cullen Commission Releases Its Final Report on Money Laundering in British Columbia—Key Takeaways

Michelle F. Yung

Real Estate Lawyer at Bennett Jones Vancouver

Vanessa Kiraly

Commercial Real Estate Lawyer at Bennett Jones Toronto

Associate

A recent Ontario Superior Court decision underscores the importance of precise lease drafting. In Malleum Real Estate v. Donut Monster, the court held that tenant obligations began on the fixed commencement date&mdash;regardless of unfinished landlord improvements or pandemic disruptions. The ruling highlights that assumptions cannot override clear lease terms and offers practical lessons for both landlords and tenants.

When Assumptions Break Leases The Need for Clear Terms

When Assumptions Break Leases: The Need for Clear Terms

Vasilis F. L. Pappas, FCIArb

International Arbitration Lawyer at Bennett Jones Vancouver and Calgary

Melanie Teetaert

Commercial Litigation Lawyer at Bennett Jones Vancouver

Geoffrey P. Stenger

Project Development, Energy, Infrastructure and Construction Lawyer at Bennett Jones Calgary

On October 7, 2025, British Columbia introduced Bill 20, the Construction Prompt Payment Act. If enacted, it will overhaul payment timelines and create a fast-track adjudication process for construction disputes. The legislation is expected to significantly impact owners, contractors and subcontractors across the province.

BC Introduces Prompt Payment Legislation

B.C. Introduces Prompt Payment Legislation

Benjamin K. Reingold

Intellectual Property Litigation Lawyer at Bennett Jones Calgary

Jesse Mighton

Insolvency and Restructuring Lawyer at Bennett Jones Toronto

Nyrie Israelian

Intellectual Property at Bennett Jones Toronto

The Office of the Superintendent of Bankruptcy has issued new guidance on the use of AI tools by Licensed Insolvency Trustees. The guidance underscores the need for oversight, accuracy, transparency, and adherence to professional obligations as AI becomes more integrated into insolvency practice.

OSB Issues New Guidance

OSB Issues New Guidance: What Licensed Insolvency Trustees Must Know about AI Tools 

Jessica B. Horwitz

International Trade Lawyer, Customs Lawyer, Regulatory Lawyer, Anti-Corruption and Economic Sanctions Lawyer at Bennett Jones Toronto

Andrew Bozzato

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

FINTRAC imposed a record $176.9 million penalty on cryptocurrency exchange Cryptomus for thousands of AML/KYC violations. The case underscores regulators&rsquo; increasing focus on compliance, with additional sanctions from the BCSC for operating without registration. Exchanges serving Canadian clients must ensure strict adherence to AML, KYC and securities laws to avoid similar consequences.

176 9 million fine against cryptocurrency exchange from FINTRAC demonstrates costs of non compliance

C$176.9 Million Fine Against Cryptocurrency Exchange From FINTRAC Demonstrates Costs of Non-Compliance

David J. Wahl, FCIArb

Construction Arbitration & Litigation Lawyer at Bennett Jones Calgary

Christopher Petrucci

Commercial Litigation Lawyer at Bennett Jones Calgary

Alex Payne

Commercial Litigation Lawyer at Bennett Jones Toronto

The Ontario Superior Court in Feldt Electric Ltd v Gorbern Mechanical Contractors held that non-compliance with an adjudicator&rsquo;s determination does not automatically invalidate a lien. The decision underscores the importance of jurisdiction and procedural fairness in construction disputes under Ontario&rsquo;s prompt payment and adjudication regime.

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