In a positive development since our earlier bulletin, the U.S. House and Senate have decided to retain the exemptions from obligations imposed under section 16 of the Securities Exchange Act of 1934 that are relied upon by...more
Davies’ Shareholder Activism and Proxy Contests in Canada guide draws on our market-leading expertise to offer our insights on the principal legal and practical considerations for both activists and target companies, as well...more
11/17/2023
/ Advance Notice ,
Antitrust Litigation ,
Beneficial Owner ,
Classified Information ,
Compensation Agreements ,
Corporate Records ,
Insider Trading ,
Majority Voting Policies ,
Poison Pill ,
Proxy Season ,
Reporting Requirements ,
Shareholder Activism ,
Universal Proxy Cards ,
Virtual Meetings
Buried in the National Defense Authorization Act for Fiscal Year 2024, which the U.S. Senate passed earlier this year, is a provision that, if enacted, will eliminate exemptions relied upon by insiders of dual-listed Canadian...more
11/1/2023
/ Canada ,
Disclosure Requirements ,
Disgorgement ,
Electronic Disclosure ,
Foreign Issuers ,
Foreign Private Issuers ,
NDAA ,
Proposed Legislation ,
Reporting Requirements ,
Securities Exchange Act ,
Short Sales ,
Short-Swing Trading
On October 10, 2023, the Securities and Exchange Commission (SEC) adopted final amendments to the rules that govern beneficial ownership reporting and provided guidance on the application of those rules. The SEC also...more
10/25/2023
/ Alberta Securities Commission ,
Amended Rules ,
Beneficial Owner ,
Canadian Securities Administration ,
Derivatives ,
Disclosure Requirements ,
Filing Deadlines ,
Reporting Requirements ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Shareholder Activism ,
Shareholders