North America

Results for North America

Postmedia Posts Profit, Boosted By Debt Restructuring Deal

Postmedia Networks Corp. reported a profit in its latest quarter, boosted by a debt restructuring negotiated by the struggling media company and its major creditors, however revenue fell nearly 15 per cent, The Globe and Mail reported. The Toronto-ba ...

Daily Headline - global.abi.org - 01/12/2017 - 23:10 - 0 comments

Canadian Apparel Maker Gildan Wins Auction To Buy American Apparel

Canadian apparel maker Gildan Activewear Inc said it had won a bankruptcy auction to buy U.S. fashion retailer American Apparel for about $88 million in cash. The deal is subject to approval from a bankruptcy court on Thursday, the company said. Under th ...

Daily Headline - global.abi.org - 01/10/2017 - 23:26 - 0 comments

Ottawa Projects Decades Of Deficits As Federal Finances Worsen

The federal government is projecting decades of deficits as a new Finance Canada report shows Ottawa’s long-term finances have deteriorated considerably over the past two years, The Globe and Mail reported. The government’s latest long-term fiscal fo ...

Daily Headline - global.abi.org - 01/05/2017 - 21:13 - 0 comments

Bank of Mexico Sells Dollars as Peso Reaches New Lows

The Bank of Mexico stepped into the exchange market Thursday for the first time in almost a year to support the peso, which hit new lows against the U.S. dollar on fears that protectionist measures by the incoming administration of U.S. President-elect D ...

Daily Headline - global.abi.org - 01/05/2017 - 21:13 - 0 comments

Mexicans Block Roads, Stations to Protest Gasoline Hikes

Small groups of protesters blockaded some roads and gasoline stations in Mexico on Monday to protest a government price deregulation that sent the price of fuel up by as much as 20 percent over the weekend, the International New York Times reported. ...

Daily Headline - global.abi.org - 01/02/2017 - 21:15 - 0 comments

Canadian FIs — Start Collecting Non-Resident Account Details

Canadian financial institutions will soon have to collect information on financial accounts held by tax residents of jurisdictions outside of Canada and the United States and provide these details to the CRA. This requirement is part of an international ...

Resource Article - twallace@abiwor... - 12/29/2016 - 13:48 - 0 comments - 0 attachments

M&A Update: Advance Notice Bylaws in Light of Corvex/Williams – Displacing the Placeholder Nomination

Advance notice bylaws are a near universal feature of the organizational documents of public companies. In their simplest form, they set a deadline, usually between 60 and 120 days before an upcoming stockholder meeting, by which a stockholder must give ...

Resource Article - twallace@abiwor... - 12/29/2016 - 13:46 - 0 comments - 0 attachments

International sales contracts: Square peg, round hole?

The purpose of a sales contract is to define the parties’ obligations and to optimise outcome if a dispute arises. As such, a contract is a tool to manage risk and prevent loss. Attachment Size sr_-_usa_-_international_sal ...

Resource Article - twallace@abiwor... - 12/29/2016 - 13:36 - 0 comments - 1 attachment

Alert: Russia Sanctions Developments Highlight Need for Active Compliance Efforts

The U.S. Treasury Department's Office of Foreign Assets Control ("OFAC") has significantly expanded the number of entities and individuals subject to Russia sanctions and separately censured U.S. insurance and financial institution entitie ...

Resource Article - twallace@abiwor... - 12/29/2016 - 13:34 - 0 comments - 0 attachments

Conyers Dill & Pearman - Alert - Court of Appeal overrules unprecedented attempt to introduce non-party extra territorial discovery

In a Judgment handed down on 18 November 2016, the Cayman Islands Court of Appeal ruled that using liquidators’ powers to obtain extra territorial non-party disclosure was outside the reach of the Cayman Islands Companies Law (2013 Revision) (the “Compan ...

Resource Article - twallace@abiwor... - 12/28/2016 - 13:49 - 0 comments - 0 attachments

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