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Insurance Sound Byte 3 – Let’s talk “Leases” with IFRS 16

In its third issue of Insurance Sound Bytes, KPMG brings you an important update on the implications of the new rules for recognizing leases under IFRS 16. The new rules are effective for reporting periods starting on or after January 1, 2019. Re ...

Resource Article - twallace@abiwor... - 02/12/2016 - 12:10 - 0 comments - 0 attachments

Goodwill Files For Bankruptcy, Plans Restructuring Proposal

Goodwill Industries of Toronto, Eastern, Central and Northern Ontario says it's seeking bankruptcy protection as it tries to restructure, CTV News reported on a Canadian Press story. CEO Keiko Nakamura said Monday in a statement the Goodwill has fil ...

Daily Headline - global.abi.org - 02/08/2016 - 22:02 - 0 comments

Junior Oilsands Producer Laricina Energy Exits Creditor Protection

Junior oilsands developer Laricina Energy has been granted a final court order from the Court of Queen’s Bench of Alberta, exiting from protection under the Companies’ Creditors Arrangement Act (Canada), Oilweek reported. The company has paid in full all ...

Daily Headline - global.abi.org - 02/03/2016 - 22:11 - 0 comments

Investment Funds Welcome Fixes to Trust Loss Restriction Event Rules

Certain investment funds that are trusts may benefit from new proposed legislation that provides relief from potentially harsh tax consequences that extends the tax loss restriction rules to trusts. Finance’s proposals, which were released January 15, 20 ...

Resource Article - twallace@abiwor... - 02/01/2016 - 10:51 - 0 comments - 0 attachments

Osler Update: ASC Rules on Conflicting Components of Recapitalization Transactions

A common feature of many convertible debenture indentures is the ability of the issuing company to repay the debentures at maturity by issuing shares. The financial challenges faced by many oil and gas companies in today’s markets are likely to result in ...

Resource Article - twallace@abiwor... - 02/01/2016 - 10:22 - 0 comments - 0 attachments

KPMG's M&A Digest - November 2015

This is an era of unprecedented change for the insurance sector. New technologies, new customer expectations, new regulations and new competitive pressures are rapidly disrupting the traditional insurance business model. In this environment, insurance or ...

Resource Article - twallace@abiwor... - 02/01/2016 - 09:28 - 0 comments - 0 attachments

Latest in Insurance

Welcome to our December Insurance newsletter! Many of you will have joined us at our 24th Annual Insurance Issues Conference at the end of last month and this picks up some of the important themes that we presented there. We start off with two items fo ...

Resource Article - twallace@abiwor... - 02/01/2016 - 09:18 - 0 comments - 0 attachments

Stelco's Takeover By U.S. Steel No Net Benefit For Canada

I refer, of course, to the 2007 takeover of Stelco, just one of a spree of foreign takeovers that substantially contributed to a diminishment of Ontario’s profile on the world economic stage, the Toronto Star reported. (Think Falconbridge, Inco, Rio ...

Daily Headline - global.abi.org - 01/31/2016 - 18:29 - 0 comments

Osler Update: PPSA Debtor Location Rules Change Effective December 31, 2015

PPSA Debtor Location Rules Change Effective December 31, 2015 By now you may have heard about the upcoming amendments to the Personal Property Security Act (Ontario) coming into force on December 31, 2015. The focus of the attached Osler Update is on t ...

Resource Article - twallace@abiwor... - 01/29/2016 - 13:41 - 0 comments - 0 attachments

The most significant legal developments of 2015

As 2015 comes to a close, we are pleased to share with you our Legal Year in Review. The Legal Year in Review provides our observations on 17 of the most significant legal developments affecting Canadian business over the past year and their implicatio ...

Resource Article - twallace@abiwor... - 01/29/2016 - 13:21 - 0 comments - 0 attachments

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