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"Facilitation Payments" Exception Repealed under the Corruption of Foreign Public Officials Act

On October 31, 2017, certain changes were made to the Corruption of Foreign Public Officials Act (CFPOA) – Canada’s international anti-bribery and corruption legislation – to make the payment of "facilitation payments" a criminal offence under ...

Resource Article - twallace@abiwor... - 11/08/2017 - 09:21 - 0 comments - 1 attachment

Senior management responsibility in banks

Regulators have made clear their view that responsibility for the culture of a bank sits at the top; if senior management create the right culture, good regulatory practice and procedures will naturally follow. Following the financial crisis banks’ s ...

Resource Article - twallace@abiwor... - 11/08/2017 - 09:02 - 0 comments - 0 attachments

Retailers' Holiday Sales Seen Marred by Sears Canada Liquidation

Sears Canada’s liquidation sales, which began last week, have disappointed early bargain seekers, but steeper discounts expected further into Canada’s holiday shopping season are likely to squeeze rivals, analysts say. Sears Canada, which was spun off fr ...

Daily Headline - global.abi.org - 10/26/2017 - 22:58 - 0 comments

Concordia Plans Restructuring After Missing Interest Payment

Concordia International Corp., stumbling under debt that the Canadian drugmaker piled on during a takeover spree, is seeking to restructure its finances and cut borrowings by at least $2 billion after missing an interest payment Monday on some unsecured ...

Daily Headline - global.abi.org - 10/22/2017 - 20:04 - 0 comments

Sears Liquidation Sales Set to Hit Mississauga Very Soon

Sears Canada recently announced that it's closing all stores and eliminating thousands of jobs in Mississauga and beyond. This might be sad news for employees and anyone who feels some nostalgia thinking about Sears catalogues, but it also means tha ...

Daily Headline - global.abi.org - 10/19/2017 - 00:03 - 0 comments

Sears Canada to Close After Court OKs Liquidation

Sears Canada on Friday won court approval to begin liquidating all its remaining assets starting Oct. 19, putting the retail chain with 12,000 employees on a path to closure after 65 years in the country. The approval was granted by the Ontario Superior ...

Daily Headline - global.abi.org - 10/15/2017 - 21:58 - 0 comments

Sears Canada Set to Close After Failing to Find Buyer

Sears Canada moved a step nearer to permanent closure after several attempts to find a buyer failed, with the retailer saying it will seek court approval on Friday to shutter its remaining 130 stores, leaving 12,000 employees without jobs, Reuters report ...

Daily Headline - global.abi.org - 10/10/2017 - 19:02 - 0 comments

International arbitration report

Welcome to issue 9 of Norton Rose Fulbright’s International arbitration report. In this issue, we feature the exciting topic of innovation and disruption in international arbitration. We review the procedural and technological advances that are, or soo ...

Resource Article - twallace@abiwor... - 10/10/2017 - 10:29 - 0 comments - 0 attachments

Sears Canada Lenders Seek Liquidation Despite Extended Protection

Sears Canada on Wednesday won court approval to extend credit protection by a month to Nov. 7, but its creditors set a deadline of this week to liquidate the retailers’ assets, leaving the company with mere days to decide its fate, Reuters reported. Whil ...

Daily Headline - global.abi.org - 10/04/2017 - 21:45 - 0 comments

Imperial Metals Investors Are Counting on Another Billionaire Rescue

Has billionaire Murray Edwards stepped in to prop up a troubled Canadian copper miner once more? That’s what investors and analysts are wondering after Imperial Metals Corp. won a second reprieve on its loans until Oct. 13 while bankers review a new fina ...

Daily Headline - global.abi.org - 10/02/2017 - 19:02 - 0 comments

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