Month: March 2013

U.K. Shale Development Will Bring in American Players

A story in yesterday’s Newcastle Journal aroused my interest. Apparently, the United Kingdom is on the verge of confirming massive shale gas reserves — shale reserves so huge, in fact, that the prospect of exploiting them may be too tantalizing for even the most ardent environmentalists and NIMBY activists to ignore. First, there’s the bounty.

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Sir Sydney Kentridge QC at 90

As reported on thelawyer.com and elsewhere this week, Sir Sydney Kentridge QC, the prominent South African lawyer, judge and member of the English Bar, is going from full-time to part-time at age 90. As “Lunch With the FT”  columnist John Gapper wrote last January, “to call Sydney Kentridge the outstanding barrister of his generation is

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George Takach: Preparing for Cyber Warfare

Great technology column this month by McCarthy Tetrault’s George Takach, who sheds light on the very real threat of cyber warfare in Canada, and offers a few of his own ideas about what Canada needs to be doing to beef up its security. With the recent mysterious cyber attacks on South Korea, and an executive

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SCC denies leave in unpaid overtime cases

On Thursday, the Supreme Court denied leave to appeal in unpaid overtime cases Bank of Nova Scotia v. Cindy Fulawka and Canadian Imperial Bank of Commerce v. Dara Fresco —  allowing for the suits to proceed as class actions. These two cases were among the Top 10 Cases of 2012 identified in Lexpert’s January issue.

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U.S. University Offers “North American” law degree

In the March issue of Lexpert, Last Word columnist Paul Paton — whose legal academic career straddles the border — takes an amusing look at Arizona State University’s new “North American” law degree, which will be offered in September. The new J.D., Paton writes, “will allow new graduates to immediately seek licensure in Canada and

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Radical changes in store for Canadian securities regulation

Lots of big developments, or potentially big developments, occurred in the Canadian M&A and securities space this week with proposals by the Canadian Securities Administrators (CSA) and Quebec’s securities regulator (the Autorité des marchés financiers or AMF) on poison pills, and announced CSA plans to lower the early warning reporting threshold for ownership or control

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SCC to hear age discrimination appeal

News on Thursday that the Supreme Court of Canada has agreed to hear an appeal of the age discrimination case, Michael McCormick v. Fasken Martineau DuMoulin LLP, will be of interest to many Lexpert readers. A case description of last year’s BC Court of Appeal decision was published in the October, 2012 issue of the

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Mining Litigation

Just in time for this year’s PDAC International Convention in Toronto, Osler lawyers Mark Gelowitz, Laura Fric, Riyaz Dattu and Jennifer Fairfax, released this paper, Hot Topics in Mining Litigation: http://www.osler.com/NewsResources/Hot-Topics-in-Mining-Litigation/. It includes lessons already for Canadian mining companies and other investors from the largest class action launched in South Africa’s history, in January 2013,

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Class-action lawyers focus their attack on M&A

A study by Cornerstone Research shows that, in 2012, plaintiff-side class-action lawyers in the U.S. challenged 96% of all public-company M&A worth more than $500 million. On average, over 5 lawsuits were filed two weeks after each merger announcement. Stanford Law School’s Robert Daines says the data obviously calls into question the merit of these

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Law firms turning to partners for financing: American Lawyer

It’s hard times out there. So hard, in fact, that law firms are increasingly looking to their own partners — and not financial institutions — for favourable terms on capital infusions, according to an article published this month by The American Lawyer magazine. AmLaw interviewed dozens of managers at top U.S. firms to investigate the

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