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One lawyer's take on why banks in Canada have fared better than in U.S. — so far
While the governments in the United States and other countries have been working on bailouts and rescue packages, Canadian banks have so far avoided such a large-scale financial crisis. We asked Robert Elliott, the national co-chairman of Toronto-based Fasken Martineau DuMoulin's financial institutions and services group, what lessons can be learned from Canada's banking system.Jones Day, Fasken Martineau Advise as First Quantum Sells Disputed Congo Mines
The Defections From White & Case Continue
The hits just keep on coming for White & Case. On Wednesday, the firm lost the chair of its global information technology practice when Steven Betensky resigned, according to a report by The Lawyer. Betensky's resignation comes after the loss of antitrust partner Elaine Johnston and mining and metals practice chair Tanneke Heersche in recent days. Johnson, who left the firm late last week, will join the New York office of Allen & Overy to head up that firm's U.S. antitrust practice.Being Prepared for Bankruptcy in Canada
As the North American economy continues to weaken and predictions of recession loom along with rising corporate default rates, most distressed U.S.-based companies may not immediately be thinking of contingency scenarios in Canada. They should, write Aubrey Kauffman and Stuart Brotman of Fasken Martineau DuMoulin. That's because their own fates may be tied more closely than they know to the insolvency of a major Canadian supplier or customer.Trending Stories
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