Profs. Anita Anand and Adriana Robertson write "Has the time come for greater oversight of market indexes?" in Globe and Mail

Monday, March 12, 2018

In a commentary in the Globe and Mail, Profs. Anita Anand and Adriana Robertson point out how influential market indexes are lacking in transparency ("Has the time come for greater oversight of market indexes?", March 10, 2018).

Read the full commentary on the Globe and Mail website, or below.

Prof. Anita Anand writes "How the OSC upheld the public interest in Eco Oro case"

Wednesday, December 6, 2017

In a commentary in the Globe and Mail, Prof. Anita Anand analyzes how the Ontario Securities Commission exercised its public interest jurisdiction in a case regarding the company Eco Oro, which issued 10 per cent of its common shares to four shareholders with the apparent intention of preventing the replacement of its board of directors ("How the OSC upheld the public interest in Eco Oro case," December 4, 2017).

Pension Fund Investments and Governance Roundtable

Program on Ethics in Law and Business

PENSION FUND INVESTMENTS AND GOVERNANCE ROUNDTABLE

NOVEMBER 3, 2017
9:00-11:00
University of Toronto Faculty of Law
Jackman Law Building, Room J125

Profs. Anita Anand and Andrew Green, and JD student Matthew Alexander, write "Are no-contest settlements in the public interest?"

Wednesday, July 19, 2017

In a commentary in the Globe and Mail, Professors Anita Anand and Andrew Green, and JD student Matthew Alexander, express concern about the Ontario Securities Commission’s recent no-contest settlements and explain why they could be a cause for concern ("Are no-contest settlements in the public interest?", July 19, 2017).

Read the full commentary on the Globe and Mail website, or below.

Prof. Anita Anand writes "Canada's new securities regulatory structure is a disservice to investors"

Monday, June 5, 2017

In a commentary in the Globe and Mail, Prof. Anita Anand argues that current proposal for reform of Canada’s securities regulatory structure, referred to as the “Cooperative Capital Markets Regulator,” is not in investors’ interests ("Canada's new securities regulatory structure is a disservice to investor," May 31, 2017).

Roundtable: Enforcement of Securities Law Violations

This roundtable will discuss two empirical projects relating to the enforcement of securities law violations. The first project centres on the argument that relative to the United States, Canada tends to pursue more standard insider trading actions that focus on a top insider or advisors of an insider and a single traded company (as opposed to multiple company insider trading enforcement actions). The second project relates to settlements of securities law violations and provides empirical data regarding the use of settlements in the Canadian context.

InterOil-Exxon precedent delivers a wake-up call on fairness opinions

Anita Anand
Sunday, December 11, 2016

 

Published in the Globe and Mail on November 29, 2016.

Rare is the precedent-setting securities case that emerges from the Yukon Court of Appeal. The recent attempted arrangement between InterOil Corp. and Exxon Mobile Corp., however, has given rise to such a case. The decision contains a welcome judicial pronouncement on fairness opinions in the context of corporate mergers.

InterOil was set to merge with another corporation before Exxon came forward with a “white knight” offer. InterOil’s financial adviser, Morgan Stanley, provided it with a fairness opinion stating that the merger (which was structured as an arrangement) was fair from a financial point of view.

While fairness opinions are common in merger transactions, their purpose may be legitimately questioned. Should they provide shareholders with information about their investment and the transaction under consideration? Or, in the words of the judge at first instance, are they simply “comfort letters” that provide boards with support for their decision to enter into the merger?

Prof. Anita Anand writes "InterOil-Exxon precedent delivers a wake-up call on fairness opinions"

Tuesday, November 29, 2016

In a commentary in the Globe and Mail, Prof. Anita Anand investigates the implications for shareholder rights of a Yukon Court of Appeal decision regarding an attempted arrangement between InterOil Corp. and Exxon Mobile Corp. ("InterOil-Exxon precedent delivers a wake-up call on fairness opinions," November 29, 2016).

Read the full commentary on the Globe and Mail website, or below.

Pages