Advanced Securities 2020 Series

Course Date: June 9, 2020

Full Course Materials
Total: 7h 2min
Total Ethics: 1h

Session 1 – Tuesday, June 9, 2020

9:00 – 10:00
At-the-Market Distributions

  • features of ATM distributions and when they may be appropriate
  • current regulatory framework and proposed amendments
  • practical considerations when dealing with regulators

James Beeby Bennett Jones LLP, Vancouver
Elliott Mak  Senior Legal Counsel, BC Securities Commission, Vancouver

10:00 – 10:30

10:30 – 11:30
Internal Investigations

  • events giving rise to a corporate internal investigation
  • commencing the investigation: considerations at the outset
  • conducting the investigation: considerations, processes, and procedures
  • privilege issues and ethical traps in conducting the investigation
  • dealing with the regulators
  • concluding the investigation

Paul Goldman Paul L. Goldman Law Corporation, Vancouver
Teresa Tomchak Farris LLP, Vancouver

Session 2 – Tuesday, June 16, 2020

9:00 – 10:00
Securities Case Law Update

  • key cases
  • analysis and trends
  • effects on practice

Fred R. Pletcher Borden Ladner Gervais LLP, Vancouver
Leo RaffinMcMillan LLP, Vancouver

10:00 – 10:30

10:30 – 11:30
Mergers and Acquisitions Update

  • go-shops revisited
  • contingent value rights (CVRs) in M&A
  • update on M&A deal points

Christian P. Gauthier Bennett Jones LLP, Vancouver
Jennifer Hansen Cassels Brock & Blackwell LLP, Vancouver
Sven O. Milelli
McCarthy Tetrault LLP, Vancouver

11:30 – 12:00

12:00 – 1:00
Insolvency Issues When the Bubble Bursts

  • recognizing warning signs
  • timing and initial steps
  • directors duties and liabilities when insolvency approaches
  • public company considerations
    • disclosure obligations
  • forms of insolvency proceedings
    • debtor-driven insolvencies
  • creditor-driven insolvencies

Lisa C. Hiebert Borden Ladner Gervais LLP, Vancouver
Kent Kufeldt Borden Ladner Gervais LLP, Vancouver

Session 3 – Tuesday, June 23, 2020

9:00 – 10:00
Corporate Disclosure Update for Black Swan Events: Now is Not the Time for Boilerplate

  • the fundamentals for drafting risk factors
    • specific risk factors for COVID-19 and other Black Swan events
    • considering the impact of materializing risks on other risks
  • the art of drafting forward-looking statements
  • requirements and common mistakes in management's discussion and analysis, including:
    • critical accounting estimates
    • going concern risk
    • liquidity and capital resources
  • earnings guidance

Tamara Howarth Senior Legal Counsel, Wheaton Precious Metals Corporation, Vancouver
James R. Munro McMillan LLP, Vancouver

10:00 – 10:30

10:30 – 11:30
Legislative Update

  • broadened spectrum of powers of the commission
  • changes in ability to bring proxy fights into securities realm
  • obligations on unregistered activity under the Act

Katie Blundy DuMoulin Black LLP, Vancouver
Sasa Jarvis  McMillan LLP, Vancouver
Gordon R. Johnson — BC Securities Commission, Vancouver