In this issue: Business Development Bank of Canada v. Pine Tree Resorts Inc. and 1212360 Ontario Limited: A Unified Test for Granting Leave to Appeal under Section 193(e) of the BIA

The decision of the Supreme Court of Canada (“SCC”) in Daishowa-Marubeni International Ltd. v. Canada, 2013 SCC 29, was released on May 23, 2013, reversing the decision of the Federal Court of Appeal. The issue on appeal to the SCC was whether or not the cost of certain reforestation obligations assumed by a purchaser in connection with the acquisition of certain forest tenures were to be included in computing the vendor’s proceeds of disposition in respect of the sale of the tenures. The key question was whether the obligations were “embedded” in the property or separate or severable from the property.

The May 2013 issue of the Aird & Berlis LLP Securities Law Bulletin examines the recent amendments made to Policy 4.4 —  Incentive Stock Options by the TSX Venture Exchange.

The Spring 2013 edition of the Aird & Berlis LLP Real Estate Law newsletter provides insight into a variety of real estate law issues. The topics covered include:

• Mixed Use Developments and Strata Title
• Landlord Consent is Required to Overhold
• Drafting an Effective Lease Indemnity Agreement
• Toronto’s Student Residence Shortage and the Challenges Associated with Solving it
• Single-Purpose Corporations and Real Estate Development: What to do if a Deal Falls Apart

We also provide case commentary on two cases and highlight some of our recent “Big Deals.”

The May 2013 issue of the Aird & Berlis LLP Banking Law newsletter, Collateral Matters, provides insight into a variety of banking issues. The topics covered include:

• After Indalex: Pension Claims Under the New CCAA
• Real Estate Development and Investment Companies Having Trouble Finding Shelter Under the CCAA
• The Nature and Priority of Bank Act Security

The April 2013 issue of the Aird & Berlis LLP Franchise & Distribution Law bulletin provides insight into a variety of franchising issues. The articles include:

• Ontario Court of Appeal Confirms that Investors Who do not Become Franchisees are not Entitled to Statutory Disclosur
• What Franchisees Want Most
• Ontario Superior Court Sets Aside Class Action Opt-Outs
• Call for Franchise Legislation in British Columbia

We also provide information on an upcoming event, as well as an article written by Ned Levitt which was recently published in Franchising World.

The 2013 Federal Budget, released on March 21, contains a number of significant tax measures. This Tax News Flash highlights the Budget's main tax measures.

In this issue: Supreme Court Rules on Pension Claims in CCAA

In this issue: The Futura Loyalty Group Inc. (Re):­ Cost-Benefit Analysis of Meeting Pre-Filing Customer Obligations Under the CCAA

In April 2012, the Minister of Energy established the Ontario Distribution Sector Review Panel (“Panel”) to provide advice on how to improve efficiencies in the electricity distribution sector.