• Note on Legal Aspects of Secured Lending in Canada

    This technical note uses information from the Canadian Bankruptcy Act, the Companies Creditors Arrangement Act, and the Personal Property Security Act to explain the way in which collateral security is obtained and to describe the rights of security holders in the event of bankruptcy or reorganization. The note includes the ranking of secured creditors and the most commonly recognized types of security interests.
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  • The Legal Aspects of Mergers & Acquisitions in Canada

    Corporate mergers and acquisitions (M&A) is a field as complex in law as it is in finance. The environment is heavily regulated: it draws on corporate, securities, antitrust and national security law involving obligations at the federal, provincial and self-regulatory levels. This note is designed to introduce non-lawyer managers and finance professionals to the technical securities law issues related to changes of corporate control. While this note deals primarily with the legal aspects of M&A in Canada, deals involving Canadian companies will often involve foreign counterparts. The topic of cross-border M&A is beyond the scope of this note, but, where relevant, distinctions will be drawn throughout between legal terminology, processes and approaches as they differ across the border most often with the United States.
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