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LEGAL ALERTS, MAY 2012

Canadian Payments Act Regulations

New amending regulations under the Canadian Payments Act affect the Canadian Payments Association (CPA), which is a not-for-profit organization responsible for establishing and operating systems for the clearing and settlement of payments. Under these amendments, which are in force as of March 2, 2012, “payments” include bills of exchange drawn on CPA-member financial institutions such as trust companies, life insurance companies, securities dealers, and co-operative credit associations.
New Additions to the Firm

David Markowitz has recently joined SR. He has extensive experience in mortgages and conveyancing, and his law practice focuses on serving financial institutions in connection with real estate financing. He was called to the Ontario bar in 2005.

Ryan Solomon has also joined the firm after his call to the Ontario Bar in 2011. Adding to his previous experience in the real estate and corporate law groups at another Toronto law firm, he currently practices in the litigation and real estate areas for SR.