Canada is an interesting laboratory to study the law governing related party transactions because of the distinctive features of its capital markets and its regulatory landscape. The ownership structure of Canadian corporations resemble more closely those of continental Europe and South East...

The secondary market statutory liability regime was integrated over fifteen years ago in Canadian securities legislation after a long a winding road that can be traced back to the 1980s. The statutory liability regime has proved elusive. From a doctrinal perspective, the arcane drafting of the...