Stephen Taylor

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Unitholder Democracy Prevails in a “Good Hard Look” at Board Decision Making

Sandpiper Real Estate Fund 4 Limited Partnership v. First Capital Real Estate Investment Trust, 2023 ONSC 794 On February 1, 2023, our Special Situations team successfully obtained an order from the Ontario Superior Court of Justice (Commercial List) requiring that First Capital Real Estate Investment Trust (First Capital) accelerate the holding of a requisitioned special … Continue reading

Should companies expect an increase in short-selling activism in Canada?

Success breeds imitation. The persistence of that cliché is good evidence of its accuracy.  Its implications, however, may be a warning call with respect to shareholder activism in Canada. The woes of Valeant Pharmaceuticals International Inc. (“Valeant”) and its share price have been well documented in the media. Following a report by Citron Research, who … Continue reading

Forum selection by-laws come to Canada

Norton Rose Fulbright Canada has recently been involved in the introduction and adoption of forum selection by-laws in Canada.  This article will provide a brief description of forum selection by-laws and their benefits and uses.  For a more in-depth analysis, we invite readers to watch the replay of the talk or reach out to the … Continue reading
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