The Investment Management industry is changing. Evolving Investment Management Regulation brings perspective to the revolutionary global regulatory change that continues to impact Canadian Investment Management firms – challenging all aspects of their business.

In a major step to facilitate and grow trade and investment between Canada and the People's Republic of China, the two countries signed a Foreign Investment Promotion and Protection Agreement (FIPA) in September 2012. The FIPA has now been ratified by both countries, after a significant delay in Canada, and will come into force on October 1, 2014. The agreement is the product of negotiations that commenced in 1994.

Canadian entities that could be subject to the U.S. Foreign Account Tax Compliance Act (FATCA), which takes effect July 1, 2014, will be interested in the CRA’s new guidance on Canada’s intergovernmental agreement (IGA) with the United States. This much-anticipated guidance provides needed clarity to help financial institutions and their advisors understand and comply with their due diligence and reporting obligations under the IGA.

BK 360 Revisited: ABI Past-Presidents Panel on Current Developments in the News (2014 Annual Spring Meeting) - James T. Markus, Robert J. Keach, William J. Rochelle

Labor and Employment/International Committees: Labor and Employment Issues in Cross-Border Cases (2014 Annual Spring Meeting) - Tracy C. Sandler, Justice Francis J.C. Newbould, James H.M. Sprayregen, D. Farrington Yates

PRACTICE & PROCEDURE: Revisiting Nondebtor Releases in Chapter 15 Cases (citation: Nicholas J. Cremona, Natacha Carbajal and George Klidonas, Revisiting Nondebtor Releases in Chapter 15 Cases, XXXIII ABI Journal 3, 12-13, 89, March 2014) - Nicholas J. Cremona, Natacha Carbajal and George Klidonas

THE INTERNATIONAL SCENE: Environmental Clean-Up Cost Liability Looms Large for Directors of Insolvent Canadian Companies (citation: Frank Spizzirri and Shaheen Karolia, Environmental Clean-Up Cost Liability Looms Large for Directors of Insolvent Canadian Companies, XXXIII ABI Journal 2, 56-57, 94, February 2014) - Frank Spizzirri and Shaheen Karolia

Conviction under Special Economic Measures Act for attempted export to Iran valued at $15 leads to $90,000 penalty For the first time in over 20 years since the enactment of the Special Economic Measures Act, an Alberta-based company was charged with violating this statute by attempting to export controlled goods valued at $15 to the Islamic Republic of Iran. The company pleaded guilty, and the plea agreement entered in court on April 14, 2014, required that Lee Specialties Ltd. pay a fine of $90,000.

The Office of the Superintendent of Financial Institutions (OSFI) has issued a notice dated March 5, 2014, directing banks, trust companies, insurers and other federally regulated financial institutions (FRFIs) to immediately freeze assets of the former Ukranian president, Viktor Yanukovych, and his close associates and to refrain from having any dealings with these individuals.

THE INTERNATIONAL SCENE: Purchasers of Canadian Businesses: Beware of Successor Employer Laws (citation: Robert A. Stelzer and Adam C. Maerov, Purchasers of Canadian Businesses: Beware of Successor Employer Laws, XXXIII ABI Journal 1, 24-25, January 2014) - Robert A. Stelzer and Adam C. Maerov