Oct. 15, 2020 - BlackBerry Ltd. completed an amended debt refinancing transaction with its significant shareholder Fairfax Financial Holdings Limited (Fairfax), on September 1, 2020, after having made changes to the transaction terms on two separate occasions. These included downsizing the financing from...
Second Opinions Still the Exception
In an article published in Listed Magazine, Patricia Olasker and Poonam Puri discuss the impact of the Yukon court’s ruling on fairness opinions and trends that have become evident since the court’s decision.
Patricia and Poonam point out that since the court’s decision, there have been nearly two dozen plans of arrangement, but issuers and their advisers are not falling into line with the court’s directions.
The article outlines four questions a board should consider before making the decision to obtain a second fairness opinion.
Oct. 05, 2020 - The reasonableness of executive compensation arrangements has long been a contentious issue. The COVID-19 pandemic has accelerated pre-existing trends and introduced new challenges, including increased concerns about the widening pay gap between executives and the average Canadian employee, as...