Blakes Weekly Digest | December 23, 2024
In this issue...
Protect, Prepare, Prevail: Navigating a Complex Cybersecurity World
From a rise in attacks on smaller businesses to new regulations and the growing role of AI, cybersecurity continues to evolve. In this episode, Blakes lawyers Sunny Handa, Liliane Langevin, Christopher DiMatteo and Cathy Beagan Flood discuss the latest Canadian cybersecurity trends, privacy litigation developments and strategies for staying ahead of risk.
Cybersecurity Challenges Decoded: Insights and Best Practices
Cybersecurity threats continue to grow and evolve, increasing pressure on organizations to maintain operational resilience and protect their key assets, such as critical infrastructure and sensitive data. As cyberattacks become more sophisticated and frequent, businesses must stay well-positioned to address immediate threats and anticipate future risks.
In this Five Under 5, we look at some key issues to consider to help you navigate the ever-changing cybersecurity landscape.
Alberta Court Confirms Security for Costs Test for Corporations
In Embedia Technologies v. Blumell, the Alberta Court of King’s Bench clarified the test for security for costs against a plaintiff corporation. The court found there was no material difference between the provisions of Rule 4.22 of the Alberta Rules of Court and section 254 of the Alberta Business Corporations Act in determining whether to order security for costs. This decision resolves a debate over whether the test for security for costs brought under the Alberta Business Corporations Act is a greater hurdle than the test under the province’s Rules of Court.
Navigating Change: Developments in the Pensions and Benefits Sector
Recent regulatory changes, case law precedents and best practices are reshaping the pensions and benefits sector. These changes emphasize the need for robust compliance, governance and strategic planning to effectively navigate emerging risks and obligations.
This Five Under 5 looks at five key developments that plan administrators and stakeholders should keep in mind.
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Canada’s Department of Finance Releases 2024 Fall Economic Statement With Impacts to Pensions
On December 16, 2024, the federal Department of Finance published its 2024 Fall Economic Statement (FES). The FES announces several measures relevant to Canadian pension funds, including the intent to (1) remove the 30 per cent rule for Canadian pension funds’ investments in “Canadian entities” and (2) facilitate and incentivize investments in other areas such as airports, AI data centres, venture capital and municipally owned utility corporations.
Canadian Retail 2024: Developments, Trends and Industry Outlook
Looking at industry trends in Canada from 2024, retail generally remained in flux. Economic challenges, an evolving tariff landscape, regulatory changes and shifting consumer expectations have had significant impacts on the industry. In this year-end bulletin, we provide an overview of key areas and industry topics that are keeping our retail clients busy, including everything from tariffs, M&A, insolvency, consumer protection and commercial leasing trends to regulations around plastics, PFAS and greenwashing.?
Securities Litigation: Developing Issues in Canada?
Recent court rulings and emerging regulatory practices have significant implications for public issuers and other capital market participants in Canada. These developments touch a range of issues, from corporate disclosure obligations to takeover defence strategies and enhanced enforcement.
This Five Under 5 looks at five key updates on the securities litigation landscape in Canada.
Public Accounting Regulator Expands Oversight Powers
Accounting and audit firms that participate in the Canadian Public Accountability Board’s (CPAB) oversight program may be impacted by recent amendments to CPAB’s rules. These amendments — the first since the rules were introduced nearly 20 years ago — include new sanction powers, expansion of jurisdiction over former participating audit firms, discretion to publish review proceedings, increased fees and more.