The Intensive Short Course in Canadian Securities Law and Practice



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Great presentations. A great experience with practical advice. (2007) The Intensive Short Course in Canadian Securities Law and Practice This comprehensive course, from the developers of the Part-time LLM in Securities Law, will give you a practical understanding of current Canadian securities law and practice. It will cover: Principal elements of securities regulation Latest developments in mutual funds, derivatives, income trusts and corporate governance Precedents and checklists for private placements Overview of exemption criteria and resale rules Preparing the documentation for a public offering Ongoing obligations of public companies Recent regulatory trends in M&A Corporate and securities law requirements for Going Private transactions Overview of securities litigation and enforcement Course Leaders Jeffrey M. Singer Stikeman Elliott LLP Heather L. Zordel Cassels Brock & Blackwell LLP Guest Panel BCE In-Depth: Implications & Impact James W. E. Doris, Davies Ward Phillips and Vineberg LLP Markus Koehnen, McMillan LLP Kent E. Thomson, Davies Ward Phillips and Vineberg LLP Benjamin Zarnett, Goodmans LLP DATES & TIMES 4 Consecutive Wednesdays Oct. 22, 29; Nov. 5, 12, 2008 6:30 p.m. 9:00 p.m. EDT/EST LOCATION Osgoode Professional Development Centre 1 Dundas St. W., 26th Floor Toronto, ON Webcast available Public CLE Seminars Customized CLE Programs Skills Training & Certification ITAW Part-time LLM Register now at w w w.osg o o d e p d.ca

The Intensive Short Course in Canadian Securities Law and Practice How confident are you that your knowledge of securities law is thorough and up-to-date? Canadian securities rules and regulations are complex and ever-changing. The policies and priorities of the various regulators continue to shift. New and emerging areas have special rules that can be confusing. Unless you work day in and day out on securities matters, it can be difficult to stay current and maintain comprehensive expertise in securities matters. This unique four-part course, developed by Osgoode Professional Development, will provide you with in-depth coverage of recent Canadian Securities Law and practice. Leading practitioners and securities experts will give you the information you need, including the latest and emerging developments. The course is highly interactive, with extensive opportunities to ask the questions you need answered. You will leave this program with a strong grounding in securities law, and the ability to take your practice to the next level. Register now for this intensive, one-of-a-kind course by visiting www.osgoodepd.ca, or calling 416.597.9725 or 1.888.923.3394, emailing opd@osgoode.yorku.ca or faxing 416.597.9736. Co-Chairs Jeffrey M. Singer Stikeman Elliott LLP Heather L. Zordel Cassels Brock & Blackwell LLP Faculty Mary G. Condon Professor, Osgoode Hall Law School Jonathan A. Levin Fasken Martineau DuMoulin LLP Neill I. May Goodmans LLP Christopher S. Murray Osler, Hoskin & Harcourt LLP Kevin M. Morris Torys LLP Philippe Tardif Borden Ladner Gervais LLP William Orr Fasken Martineau DuMoulin LLP John O. Wilkin Blake, Cassels & Graydon LLP Guest Speakers James W. E. Doris Davies Ward Phillips and Vineberg LLP Markus Koehnen McMillan LLP Kent E. Thomson Davies Ward Phillips and Vineberg LLP Benjamin Zarnett Goodmans LLP

Agenda Session One: Wednesday, October 22, 2008 6:00 Registration and Light Buffet Dinner 6:30 Welcome and Introduction from the Course Leaders Jeffrey M. Singer, Stikeman Elliott LLP Heather L. Zordel, Cassels Brock & Blackwell LLP 6:40 The Regulatory Framework Across Canada: Overview and Latest Developments Christopher S. Murray, Osler, Hoskin & Harcourt LLP Principal elements of securities regulation - registration requirements - prospectus requirements - continuous disclosure - take-over bids, issuer bids and Rule 61-501 - insider trading and reporting - civil liability - enforcement Sources of law MRRS and the Passport System TSX, Market Regulation Services Inc. and the IDA Mutual funds Derivatives Income trusts Corporate governance The role of the courts 7:20 Refreshment Break 7:35 Private Placements Part 1 Heather Zordel, Cassels Brock & Blackwell LLP This section of the course will cover the exceptions to prospectus requirements, permitting offerings to be made to sophisticated investors and others, and by closely held issuers. Common types of private placements will be covered, with a focus on practical considerations that affect the work of lawyers involved for all parties. Overview of exemption criteria - across Canada - US exemption criteria Types of securities that can be offered through private placements Parties to the transaction Where do the parties interests converge/conflict? Considerations in acting for different stakeholders, including regulators Tax considerations in resource company offerings Resale rules 8:50 Wrap-up of Session One Session Two: Wednesday, October 29, 2008 6:00 Light Buffet Dinner 6:30 Introduction to Session Two 6:35 Private Placements Part 2 Philippe Tardif, Borden Ladner Gervais LLP This session focuses primarily on the documentation involved in private placements. Precedents and checklists will be provided, and the instructor will identify common issues that arise during document preparation and how to address them. Engagement letters Term sheets Subscription agreements Agency agreements: terms, representations, warranties, conditions and indemnities Opinions Procedures on closing Common problems on closing Regulatory filings with stock exchanges Filing requirements of securities commissions US offerings by Canadian issuers 7:20 Public Offerings John O. Wilkin, Blake, Cassels & Graydon LLP Preparing or reviewing prospectus documents is an important aspect of the work of any lawyer practising in the area of securities law. Both sessions on public offerings will delve into the documentation process, with a focus on ensuring that all of the right steps are taken and that the paperwork reflects due diligence. Common types of products issued by way of public offerings and their key features

Key considerations in planning the offering Perspectives of various parties Alternative forms of prospectus Preparing the documentation Due diligence MJDS IPO s Disclosure issues Forward-looking financial information Comfort letters Role of the auditor 8:00 Refreshment Break 8:10 Ongoing Obligations of Public Companies Kevin M. Morris, Torys LLP Continuous disclosure/filing requirements Materiality Selective disclosure Insider trading rules Proxy rules The AIF, MD&A and forecasts Audit committees and auditors Disclosure of corporate governance practices Executive compensation disclosure Stock options and related legislation Insurance needs of directors and officers Staying current on rules and requirements for public companies 8:55 Wrap-up of Session Two Session Three: Wednesday, November 5, 2008 6:00 Light Buffet Dinner 6:30 Introduction to Session Three 6:35 Mergers & Acquisitions Nuts & Bolts Jonathan A. Levin, Fasken Martineau DuMoulin LLP Recent regulatory trends Key case law that affects practice Overview of recent activity by industry Options and strategies for accumulating stock Conflicts of interest that can arise in this context 7:15 Implications of acting for various parties Standard and creative clauses for a variety of circumstances Disclosure rules and practices Poison pill strategies and limits imposed by regulators Lock-up options Guest Panel BCE In-Depth: Implications & Impact James W. E. Doris, Davies Ward Phillips and Vineberg LLP Markus Koehnen, McMillan LLP Kent E. Thomson, Davies Ward Phillips and Vineberg LLP Benjamin Zarnett, Goodmans LLP 8:10 Refreshment Break 8:25 Mergers & Acquisitions Recent Trends William K. Orr, Fasken Martineau DuMoulin LLP Recent regulatory trends and proceedings Disclosure issues Recent trends in deal protections Income fund M&A 9:00 Wrap-up of Session Three Session Four: Wednesday, November 12, 2008 6:00 Light Buffet Dinner 6:30 Introduction to Session Four 6:35 Going Private Transactions Neill I. May, Goodmans LLP Recent trends Legal structures for undertaking a going private transaction Corporate and securities law requirements

Fiduciary duties Disclosure requirements The importance of the independent committee Managing the process 7:30 Refreshment Break 7:45 Litigation and Enforcement Mary G. Condon, Professor, Osgoode Hall Law School Enforcement by regulators: an overview Regulators powers of investigation Mechanisms for enforcement Sanctions available Trends in enforcement proceedings and outcomes Securities litigation: overview Grounds for commencing proceedings Ontario s secondary market liability regime Due diligence defences: common strengths and weaknesses Current and recent class action cases 8:45 Wrap-up of Course/Q&A Who Should Attend First and second year Associates in securities law Lawyers in other practice areas who want to develop expertise in securities law Regulators Investment dealers and advisors Corporate executives Finance officers 9:00 Course Concludes Excellent summaries of the law with useful precedents and hypothetical Q&A s M. Little, Fraser Milner Casgrain LLP Participants will receive comprehenisve materials prepared by the faculty, which will be an invaluable resource after the course is over. Osgoode Professional Development 2008 To register visit www.osgoodepd.ca or call 416.597.9725 or 1.888.923.3394, email opd@osgoode.yorku.ca or fax 416.597.9736.

Registration Yes. Register me for: Canadian Securities Law and Practice on site via live webcast I am unable to attend. Please send me information about ordering program materials. Name: Firm/Company: Address: Title: Practice area: Taught by leading practitioners using case studies and practical examples City: Prov: Postal Code : Email: Telephone: Fax: Priority Service Code: Please complete all registrant information. (from mailing label below) Add me to your mailing list Delete me from your mailing list I do not wish to be contacted by e-mail Fee Per Delegate $1395 plus 5% GST for a total of $1464.75 Fees include attendance, program materials, and light buffet suppers. Group discount: Register and pay for 3 members of the same organization at the same time, and the 4th attends for free. Please inquire about needs-based financial assistance. Dress is business casual. CLE Credits Approved in accordance with the LSUC Certified Specialist Program and the NY CLE Board for transitional and non-transitional lawyers. NOTE: NY CLE credits are not available for webcast participants. Payment Options Cheque enclosed (payable to York University GST# R119306736) Bill my credit card: VISA Mastercard Why Osgoode Professional Development? At Osgoode Professional Development, our mandate is to meet the needs of working lawyers, and other professionals who need legal information. If you need an update on recent developments, to learn or refresh skills, or are considering a graduate degree designed for working professionals, consider Osgoode Professional Development s rich and diverse programs. Card# Expiry: Signature: Payment amount: Program Changes We will make every effort to present the program as advertised, but it may be necessary to change the date, location, speakers or content with little or no notice. In the event of program cancellation, York University s liability is limited to reimbursement of paid fees. Dates & Times October 22, 29, November 5, 12, 2008 6:30 p.m. - 9:00 p.m. EDT/EST Please arrive a half hour early on October 22 for sign-in and material pick-up. Cancellations and Substitutions Substitution of registrants is permitted at any time. If you are unable to find a substitute a full refund (less $50 administration fee) is available if a cancellation request is received in writing 14 days prior to the program date. No other refund is available. Location Osgoode Professional Development Downtown Toronto Conference Centre 1 Dundas St. W., 26th Floor Toronto, ON, M5G 1Z3 Public CLE Seminars Customized CLE Programs Skills Training & Certification ITAW Part-time LLM 4 Convenient Ways to Register 1. MAIL your registration form to: Osgoode Professional Development Downtown Toronto Conference Centre 1 Dundas St. W., 26th Floor Toronto, ON M5G 1Z3 2. ONLINE at www.osgoodepd.ca 3. FAX your registration to 416.597.9736 4. CALL US at 416.597.9725 or 1.888.923.3394