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The Law Society of Manitoba Professional Education and Competence |  |
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eLaw Business Law Update October 2015
In This Issue | Trust and Lien Remedies Co-exist: SCC | Enforcement of Foreign Judgments in a Globalized World: SCC | Adequate Alternative Remedies Available in Tax Court: MBCA | Legislative Update | CASL Guidance | Operational Risk Management Guideline: OFSI
| Recommended Reading | 2015 Isaac Pitblado Lectures | Fall CPD: LSM | MBA/CBA Fall Programs |
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Trust and Lien Remedies Co-exist: SCC
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Enforcement of Foreign Judgments in a Globalized World: SCC
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Adequate Alternative Remedies Available in Tax Court: MBCA
In JAFT Corp v Jones et al, 2015 MBCA 77, the appeal court agreed with the application judge that the Tax Court, while it cannot grant an order of rescission, is the appropriate forum to determine the issue at the heart of the case, whether a tax assessment was correct and liability is owing. The appellants sought a court order under QB Rule 14.05(2)(d) rescinding certain employment contracts based on their position that there was an honest and fundamental mistake as to the effect of the agreements and transactions that led to the disputed tax liabilities. In the court’s view, adequate alternative remedies were available in the Tax Court and the application judge had not erred in declining jurisdiction.
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Legislative Update
Federal
Bill S-4, the Digital Privacy Act, received royal assent June 18, 2015, amending PIPEDA to bring it more into line with provincial privacy legislation and introducing a new mandatory data breach notification scheme. With the exception of the data breach scheme (which will require regulations), all amendments came into force on June 18th. Details of the new legislation are outlined in the legislative summary and in the following articles:
Recent amendments to Canada’s private-sector privacy legislation: What does it mean for your business? - Fillmore Riley
Digital Privacy Act Amends PIPEDA - Slaw
Businesses Should Re-evaluate Approach to Privacy with Passage of Digital Privacy Act and Digital Privacy Act is Now Law – McCarthy Tetrault
Digital Privacy Act – Davies
Despite opposition from several quarters (the CBA, the FLSC, IFIC, and others) private member’s Bill C-377, An Act to amend the Income Tax Act (requirements for labour organizations), received royal assent June 30, 2015 and will come into force and apply to the fiscal periods that begin six months after the date of assent (starting January 2016). The new law amends the Income Tax Act to require unions to file annual information returns disclosing a long list of previously undisclosed financial information such as union assets, liabilities, transactions, and certain salaries. Since the bill requires the Minister of Finance to publish the returns online, the public will have access to the information.
Bill C-59, omnibus budget legislation, received royal assent on June 23, 2015. Among other things, the Bill implements income tax measures proposed in the budget and amends certain intellectual property legislation (in force by regulation or order in council).
Sections 269, 278 to 291 and 298 to 302 of Economic Action Plan 2014 Act, No. 2, S.C. 2014, c. 39, will come into force January 15, 2017, by order in council P.C. 2015-441. The amendments affect the Bank Act and the acts of several other financial organizations.
Provincial
Sections 2, 4, 5 and 8 of The Consumer Protection Amendment and Business Practices Amendment Act (Motor Vehicle Advertising and Information Disclosure and Other Amendments), S.M. 2013, c. 34, were proclaimed in force June 1, 2015, enacting advertising of motor vehicles and all-inclusive price rules and setting out an enforcement regime.
Bill 28, The Personal Property Security Amendment Act, was introduced May 25, 2015 and passed second reading June 29, 2015. As indicated in the explanatory note, the bill proposes amendments to the Act dealing with vexatious registrations.
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CASL Guidance
The CRTC released further guidance on CASL compliance on September 4, 2015, providing clarification on whether you can rely on implied consent to send commercial electronic messages. The guideline addresses the difference between express and implied consent; what constitutes an existing business relationship; proving consent; and record keeping. For an up-to-date look at CASL one year in, see the Fillmore Riley article Keeping up with CASL.
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Operational Risk Management Guideline: OFSI
The Office of the Superintendent of Financial Institutions released Draft Guideline E-21 - Operational Risk Management for comment on August 20, 2015. The guideline, applicable to all federally-regulated financial institutions other than the branch operations of foreign banks and foreign insurance companies, sets out OSFI’s expectations for the management of operational risk. OSFI is inviting comments on the draft until October 9, 2015. For an overview of the proposed guideline see this McMillan article.
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Recommended Reading
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2015 Isaac Pitblado Lectures
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Fall CPD: LSM
“OMG, They’re Insolvent! What Do We Do Now?” Insolvency and bankruptcy issues can cause complications in many areas of practice, including commercial, construction, real estate or intellectual property law. Attend this afternoon program on October 22, 2015 to learn about the latest developments in this area from our expert panel.
The Aboriginal Law Series continues on December 8, 2015 with a primer on Understanding Treaties. Panelists will explore the current legal framework around treaty making and treaty interpretation in Canada, navigating between pre-confederation and post-confederation treaties, modern treaties and those treaties currently being negotiated. Register now to attend in person or by tele-presentation.
The Law Society is bringing back popular presenter Martin Latz for two limited enrollment programs in December: GAIN THE EDGE!® Negotiation Strategies for Lawyers on December 3, 2015 and Advanced Negotiation Strategies for Lawyers on December 4, 2015. Register before October 30, 2015 to take advantage of the early bird discount.
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MBA/CBA Fall Programs
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You are receiving this email in accordance with the Law Society's mandate to uphold and protect the public interest in the delivery of legal services with competence, integrity and independence and to further your opportunities to ensure compliance with the mandatory continuing professional development requirements set out in Law Society Rule 2.81.1(8). |
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www.lawsociety.mb.ca/publications/elaw
The Law Society of Manitoba
219 Kennedy St
Winnipeg MB R3C 1S8
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