Canada: Finance and Banking

Liability management exercises (LMEs) enable borrowers to restructure debt outside formal insolvency proceedings by exploiting flexible loan documentation. As Canadian companies increasingly access U.S. debt markets with permissive covenant packages, understanding drop-down, uptiering, and double-dip structures becomes essential for lenders seeking to protect their interests.

The Canadian Securities Administrators has launched its most comprehensive review of public company regulation in over a decade, proposing fundamental changes to how issuers determine their disclosure obligations and how institutional capital is raised. The consultation explores five key areas including a potential new institutional purchaser exemption that would eliminate hold periods on private placements, a rethinking of the venture versus non-venture issuer framework, and whether Canada should align wit

Les ACVM ont finalisé des modifications qui ont été apportées au modèle du « placeur principal » qui précisent que les courtiers ne peuvent agir à titre de placeur principal qu’auprès d’une seule famille...