Recent Supreme Court ruling raises disclosure stakes: Frank Sur comments in The Globe and Mail

Speaking recently with The Globe and Mail, Frank Sur, Head of Gowling WLG's Corporate Practice Group, cautioned that the Supreme Court of Canada decision in Lundin Mining Corp. v. Markowich significantly raises the bar for public-company disclosure.

In his view, the ruling—which effectively redefines the standards under which investors can sue companies for delayed disclosure of material changes—will prompt issuers to adopt a more circumspect approach to communications with the market.

"The risk is now way higher than it used to be, so out of an abundance of caution, issuers will be more inclined to provide more material change press releases and material change reports."

To read the full article, click the link below (subscription may be required):

• Supreme Court rules investors can sue companies that fail to disclose 'material changes' fast enough

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Gowling WLG's Corporate Practice Group advises clients on a full range of corporate-commercial matters, including mergers and acquisitions, capital markets, fund formation, public and private offerings, listing and exchange compliance, corporate governance and general commercial agreements. With teams across Canada and globally, we support clients in sectors ranging from technology and energy to mining, helping them navigate complex cross-border transactions and regulatory environments. Learn more about Gowling WLG's Corporate Practice.