Le 23 février 2017, les Autorités canadiennes en valeurs mobilières (ACVM) ont annoncé le lancement d’un bac à sable réglementaire. L’objectif du bac à sable réglementaire est d’appuyer les Fintech en leur permettant de faire une demande à l’organisme de réglementation compétent afin de bénéficier d’une approche plus adaptée en matière de réglementation. Cette approche doit faciliter l’utilisation d’applications, de produits et de services novateurs chez les entreprises au Canada, tout en protégeant adéquatement les investisseurs.… Continue Reading
Although CASL has been in force since July 1, 2014, the Canadian Radio-Television and Telecommunications Commission (“CRTC”) has conducted its investigations and levied its penalties in a generally non-public manner. Until now, the CRTC’s Compliance and Enforcement branch had publicly commented on only one Notice of Violation (“NoV”) under CASL. We understand that an undisclosed number of other NoVs have been issued without public comment.
All other public CASL enforcement actions have taken the form of negotiated “undertakings” which are forms of settlements reached in confidential, closed door negotiations with the enforcement branch. This atmosphere of secrecy has made … Continue Reading
McCarthy Tétrault was a sponsor of the recent 2016 Canada FinTech Forum held in Montreal on September 20-21, 2016. Steve Forbes was the conference’s keynote speaker. McCarthy’s introduced the excellent conference panel on blockchain in the financial services industry, with Haskell Garfinkel (PWC) as moderator and Jerry Norton (CGI UK), Todd McDonald (R3), Sujan Menezes (Microsoft) as co-panelists. The number of attendees at the conference more than doubled over the 2015 conference, demonstrating the ever-growing level of interest in the nascent FinTech industry for both start-ups and incumbents. Below, we set out a high level summary of some of the … Continue Reading
Regular readers of this blog will be aware that, last fall, the Court of Justice of the European Union struck down the Safe Harbour framework which permitted the lawful transfer of personal information from the EU to the US through a self-certification model. Negotiations between the European and US authorities to update or replace the framework were already underway prior to this decision, but the Court’s intervention raised the stakes dramatically. The Article 29 Working Party (WP29) had set a deadline of the end of January after which European Data Protection Authorities (DPAs) might begin coordinated enforcement actions against organizations … Continue Reading
We are pleased to report that McCarthy Tétrault partners Charles Morgan, Barry Sookman and George Takach have been listed as three of the most highly regarded Canadian TMT lawyers in this year’s International Who’s Who Technology Media & Telecommunications, more than any other Canadian firm. Additionally, Grant Buchanan, Hank Intven, Daniel Logan and Peter Grant were also recognized as leaders in their field. With seven listed lawyers, the firm is at the top of the analysis for this work in Canada.
Each year, Who’s Who Legal identifies the foremost legal practitioners in 46 areas of business law and included … Continue Reading
On Friday, October 16, 2015, the Article 29 Working Party (“WP29”) released a statement on the decision of the Court of Justice of the European Union (“CJEU”) in the case Schrems v Data Protection Commissioner (C-362-14), the landmark decision which invalidated the decision of the European Commission underpinning the Safe Harbour framework by which personal information was permitted to move from the EU to the United States.… Continue Reading
On October 6, 2015, the Court of Justice of the European Union (“CJEU”) declared that the US-EU Safe Harbour framework is invalid, striking it down in the highly anticipated case of Schrems v. Data Protection Commissioner. The decision is effective immediately, with far-reaching and widespread implications for entities with multinational data flows.
Since EU data protection laws purport to apply to the processing of personal data regardless of whether the individuals affected are EU citizens or not, or are physically present in the EU or not, the potential impacts of this decision go beyond those organizations with … Continue Reading
On October 2, 2015, the inaugural edition of the Chambers Canada Guide was launched (in previous years, Canada was part of the Global Guide). Once again, McCarthy Tétrault LLP is the highest ranking technology law firm in Canada (Band 1). McCarthy’s is the only firm in Canada with four lawyers ranked Band 2 or higher.
Chambers has recognized a number of our lawyers as leading practitioners in the areas of Information Technology, Telecommunications & Broadcasting, Intellectual Property and Data Protection. These leading practitioners and Chambers commentary are as follows:… Continue Reading
The assessment of a corporation’s cyber risks is part of a board of directors’ general risk oversight responsibilities. Since lawsuits, including class actions, are often commenced soon after a data breach, directors and officers should now consider that the board’s oversight of cyber risks may also be closely and thoroughly scrutinized in future litigation and regulatory investigations.
On October 20, 2014, a New Jersey Court dismissed a shareholder derivative suit that sought damages notably from the directors and officers of Wyndham Worldwide Corp. (“WWC”) for several data breaches. This decision is the first decision issued … Continue Reading
On June 13, 2014, in a landmark privacy ruling, the Supreme Court of Canada (“SCC”) in R v Spencer (“Spencer”) unanimously recognized that, in addition to confidentiality and control of the use of personal information, there may be a privacy interest in protecting anonymity in the context of internet usage. In this decision, the SCC decided that a person has a reasonable expectation of privacy associated with Internet activities and that the “lawful authority” exemption in PIPEDA does not create a basis to provide such information to the police unless the police actually demonstrate that … Continue Reading
2013 was a very active year in the tech sector in Canada. Some of the leading developments over the last year are summarised below.
Tech Transactions – Turbulent Year for BlackBerry (Fairfax transaction)
2013 was a turbulent year for the Canadian leader of the telecommunications industry. It started with a change of name, from Research in Motion Ltd. to BlackBerry, in order to rebrand the company and to be more successful on the stock market. A few months later, BlackBerry publicly announced that it was reviewing its strategic alternatives for the future. In November, BlackBerry received an investment of U.S. … Continue Reading
The English version of this article is available here.
Le 18 décembre 2013, le CRTC a publié une série de FAQs pour aider les organisations et les individus concernés dans leurs efforts pour se conformer à Loi canadienne anti-pourriel (la « Loi anti-pourriel »), qui entrera en vigueur en juillet 2014. Bien que les FAQs ne fournissent que des orientations supplémentaires limitées, elles sont utiles comme source agrégée d’information, des bulletins, de lignes directrices et d’autres déclarations concernant la Loi anti-pourriel publiés par le CRTC.
La Loi anti-pourriel est largement considérée comme la législation de messagerie électronique commercial la … Continue Reading
La version française de cet article est publiée ici.
On December 18, 2013, the CRTC released a series of FAQs to help affected organizations and individuals in their efforts to comply with Canada’s Anti-Spam Legislation (CASL), which will begin coming into force in July 2014. Though the FAQs provide limited additional guidance, they are useful as an aggregated source of information, bulletins, guidelines and other statements about CASL released by the CRTC.
CASL is widely considered to be the toughest commercial electronic messaging legislation in the world, and its coming into force will have significant implications for … Continue Reading
The English version of this article is available here.
Le ministre de l’Industrie, James Moore, a annoncé récemment que la majorité des dispositions législatives canadiennes attendues depuis longtemps contre les pourriels et les maliciels (la « Loi anti-pourriel ») entreront en vigueur le 1er juillet 2014. Dans le cadre de cette annonce, Industrie Canada a également publié une version définitive révisée en profondeur de son important règlement relatif à la Loi anti-pourriel.
La Loi anti-pourriel est largement reconnue comme la loi en matière de messages électroniques commerciaux la plus sévère dans le monde, et son entrée … Continue Reading
La version française de cet article est publiée ici.
Industry Minister James Moore announced today that most of Canada’s long-anticipated anti-spam/malware legislation (“CASL” for short) will be coming into force on July 1, 2014. As part of today’s announcement, Industry Canada also released a significantly revised and final version of its important CASL regulations.
CASL is widely considered to be the toughest commercial electronic messaging legislation in the world, and its coming into force will have significant implications for Canadian businesses, not-for-profit organizations and individuals using electronic means to communicate. Those who violate CASL could face fines … Continue Reading
The 2013 Canadian Legal Lexpert Directory was published on June 26, 2013, and once again, McCarthy Tétrault LLP is the highest ranking technology law firm in Canada. In Computer & IT Law, McCarthy Tétrault LLP is top-ranked in Toronto, Vancouver and Montreal. In Technology Transactions, McCarthy Tétrault LLP is top-ranked in Toronto and Vancouver, and ranked among the top three firms in Montreal. In Telecommunications, McCarthy Tétrault LLP is the only law firm with three “most frequently recommended” practitioners in Toronto.
Lexpert has recognized a number of our lawyers as leading practitioners in the areas of Computer & IT Law, … Continue Reading
On October 25, 2012, McCarthy Tétrault’s national Consumer Retail group held a lunchtime client conference on mobile payment systems and digital wallets. For those of you unable to attend, the following are a few of the highlights.
But first, a little context for the uninitiated:
- Near-field communication technology (NFC) allows a user with a mobile phone, equipped with the necessary mobile application, to pass card data stored on the phone to the point-of-sale device to complete payment and other transactions.
- Mobile payments are often grouped into two levels of transaction: convenience vs. high value/risk transactions. Convenience transactions are characterized by
Une récente enquête menée auprès des entreprises du secteur des technologies de l’information et des communications (« TIC ») du Québec a révélé des résultats encourageants et a décelé certains obstacles à la croissance et à l’investissement. SOM, pour le compte de l’Association québécoise des technologies (« AQT »), a mené une enquête auprès de 650 entreprises en TIC du Québec comptant entre 4 et 500 employés et a analysé les données recueillies auprès de 495 de ces entreprises. L’enquête était parrainée par Développement économique Canada et McCarthy Tétrault.
Voici un résumé de quelques-uns des résultats clés tirés de l’enquête.… Continue Reading
A recent survey of Quebec-based Information and Communication Technology (ICT) businesses revealed some encouraging results and identified some obstacles to growth and investment. SOM, on behalf of the Quebec Technology Association (AQT), surveyed over 650 Quebec ICT businesses with between 4 to 500 employees and analyzed the data collected from 495 of these businesses. The survey was sponsored by Canada Economic Development and McCarthy Tétrault.
Here is a summary of some of the key results from the survey.
- Most Quebec ICT businesses are currently growing. Of the businesses surveyed, 67% indicated that their revenues had increased during the last fiscal