In an unusual five judge ruling, the Ontario Court of Appeal reconsidered its decision in Sharma v. Timminco (2012 ONCA 107). This case held that a failure to obtain leave to commence an action under the secondary market liability provisions of the Ontario Securities Act (s.138.3) within the three year limitation period provided in the Securities Act was fatal to the action, despite provisions of the Ontario Class Proceedings Act (CPA s. 28) that provide for a suspension of limitation periods for claims asserted in a class proceeding (Green v. Canadian Imperial Bank of Commerce, 2014 ONCA 90).
Audit, Compliance and Risk Blog
Ontario Class Actions To Proceed Despite Previous Time Limits
Posted by Ron Davis on Wed, May 28, 2014
Tags: Canadian
Canadian Oil Industry—Liability Insurance for Rail vs. Pipeline
Posted by STP Editorial Team on Wed, Jan 29, 2014
Canadian regulators are focusing their attention on facilitating development in the oil and gas industry, and they are also increasing the accountability of operators. Significantly, environmental liability insurance requirements are expected to increase for both pipeline and railway operators, reducing the extent to which governments and taxpayers cover the costs of cleanup and other damages caused by spills and accidents.
Tags: Business & Legal, Environmental risks, Environmental, Oil & Gas, Insurance, Insurance Claims, Transportation, Canadian
Canadian Clean-Up Order Must be Decided by Environmental Appeal Tribunal, Not Court
Posted by STP Editorial Team on Fri, Nov 22, 2013
Tags: Corporate Governance, Business & Legal, Health & Safety, Environmental risks, Environmental, Hazcom, Canadian
On October 28, British Columbia, California, Oregon and Washington signed the Pacific Coast Action Plan on Climate and Energy, committing themselves to align efforts to control greenhouse gas (GHG) reductions to combat climate change, and to promote clean energy. The Action Plan is adopted under the aegis of the Pacific Coast Collaborative, which encompasses these four jurisdictions plus Alaska.
Tags: California Legislation, Environmental risks, Environmental, EPA, Greenhouse Gas, ghg, climate change, Canadian
Officially Linked: California and Quebec GHG Cap-and-Trade Programs
Posted by STP Editorial Team on Mon, Nov 04, 2013
In late September 2013, California’s Air Resources Board (ARB) and the government of Quebec signed an agreement to harmonize and integrate their cap-and-trade programs for reducing greenhouse gas (GHG) emissions. California’s GHG programs under AB 32 will be officially linked with Quebec’s programs beginning January 1, 2014.
Tags: Business & Legal, California Legislation, Environmental risks, Environmental, Greenhouse Gas, ghg, climate change, Canadian
Workplace Bullying and Harassment: New Rules for British Columbia
Posted by Jon Elliott on Mon, Oct 28, 2013
Workers throughout the United States and Canada are protected by occupational health and safety laws, administered by federal, and state or provincial worker safety agencies—such as the U.S. Occupational Safety and Health Administration and the Workers' Compensation Board of British Columbia (WorkSafeBC). Most of these agencies recognize workplace violence as a potential hazard, although regulatory requirements associated with this hazard vary considerably among jurisdictions. Effective November 1, 2013, British Columbia supplements its longstanding workplace violence prevention requirements with requirements for "all reasonable steps to prevent where possible, or otherwise minimize, workplace bullying and harassment." BC provides separate, complementary rules for:
Tags: Corporate Governance, Business & Legal, Employer Best Practices, Employee Rights, Training, Workplace violence, Canadian
New Alberta Energy Regulator to Streamline Regulatory Process
Posted by STP Editorial Team on Wed, Sep 04, 2013
Tags: Business & Legal, Environmental, Oil & Gas, Canadian