Canada

UK/Canada – Trade Continuity Agreement with Canada replicates the effects of the EU-Canada Comprehensive Economic...

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On 10 December 2020, the Department for International Trade (DIT) published a summary of the Trade Continuity Agreement with Canada, The agreement establishes an economic partnership between the...

Canada: Watch out, GDPR – Canada proposes strict new privacy law framework backed by...

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In November 2020, Canada introduced new federal privacy legislation that, if adopted, will create one of the strictest data protection regimes in the world, accompanied by some of the most severe financial penalties, rivalling the standards in Europe and California. Companies with a connection to Canada will need to build the new federal law, and applicable provincial laws, into their global compliance strategy.

Canada: Canada successfully concludes talks on transitional trade continuity agreement with the United Kingdom

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On November 21, 2020, Global Affairs Canada announced the successful conclusion of talks for the Canada-United Kingdom Trade Continuity Agreement (Canada-UK TCA) – an interim...

North America: Are your employees considering year-end travel? Here’s what your company and they...

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In part one of our global video series on employee mobility in the current environment, our attorneys discuss the challenges of employee travel into and out of the US and Canada during the upcoming holiday season. We cover immigration complications due to COVID-19, including travel restrictions, flight restrictions, and consular closures, and provide practical actions in-house counsel and HR executives can take now to protect your employee populations.

International: FDA’s new guidance on emergency use authorizations for COVID-19 vaccines

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In brief On 22 October 2020, the FDA approved the anti-viral drug Veklury (remdesivir) for hospitalized COVID-19 patients, making it the first drug to receive approval for...

US – CBP issues guidance on Entry Summary and PSC for Sec. 232 exemption...

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On November 12, 2020, CBP issued CSMS #44838240 – GUIDANCE: Section 232 Exemption for Canadian Unwrought Aluminum – Entry Summary and Post Summary Correction Processing,...

Canada: New trust reporting and disclosure rules are coming into force in 2021

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New Canadian trust reporting and disclosure rules will come into effect in 2021. In brief, the new rules will impose a filing obligation on certain trusts which currently do not have a filing requirement. They apply to non-resident trusts that currently have to file a T3 return and certain trusts that are resident in Canada. Such trusts will be required to report the identity of all trustees, beneficiaries and settlors of the trust, as well as anyone with the ability to exert control or override trustee decisions over the appointment of income or capital of the trust (e.g., a protector).

Global: The Health Pod

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The Health Pod, Baker McKenzie's industry podcast series, highlights sector-specific issues and trends that affect healthcare and life sciences companies. Episode 1: Health Canada and...

Global: A Guide to Regulatory Fintech Sandboxes Internationally

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Regulators around the world are responding quickly to the rapidly evolving financial technology, or fintech, landscape. As new or emerging financial products, services or...

Canada: Proposed changes to Ontario corporate law requirements for director residency and written shareholder...

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On 8 October 2020, the Government of Ontario tabled the Better for People, Smarter for Business Act, 2020 (Bill 213) for its second reading. Bill 213 introduces red tape reduction and regulatory modernization efforts to make Ontario more competitive. Among the changes proposed are amendments to the Business Corporations Act (Ontario) (OBCA) which would eliminate director residency requirements for Ontario corporations, and permit written shareholder resolutions to be effective if signed by a majority of votes rather than a unanimity of shareholders. Bill 213 has not yet received royal assent, and no date has been set for the coming into force of the proposed changes to the OBCA.
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