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BCFSA Outsourcing Guideline – B-10 Comes to BC
On February 22, 2021, the BC Financial Services Authority (the “BCFSA”) issued a draft Outsourcing Guideline (the “Outsourcing Guideline”).  The Outsourcing Guideline is applicable to all provincially regulated financial institutions incorporated in BC (including BC credit unions) that outsource, or contemplate outsourcing, one or more of their business activities. The Outsourcing Guideline outlines the BCFSA’s expectations for outsourcing risk management practices. BC credit unions will be required to familiarize... READ MORE
Think Twice Before Withdrawing That Employment Offer!
Employers are generally aware that terminating an employment relationship brings legal risks. However,  a lesser known employment principle is that employers face significant legal risks even where an employee has not started working for the employer. In Kim v. BT Express Freight Systems (2020) 317 A.C.W.S (3d) 255 , Ontario’s Superior Court awarded the plaintiff employee wrongful dismissal damages where the employer revoked an offer of employment days before... READ MORE