Lately, Brazil has gained a reputation as a country with a reliable history and mostly consistent approach to handling international arbitration. For firms engaged in cross-border transactions and services, this is not a theoretical question: it is vital to understand whether it is actually possible to enforce award. In practice,…

In recent years, Mexico has continued to attract steady interest from foreign investors, which has direct impact on demand for legal services in field of cross-border dispute resolution. For companies operating in international markets, issue of recognition and compliance of arbitral awards is of practical importance and is directly linked…

Courts in Canada consider arbitration to be a conclusive method of resolving disputes, and thus they do not allow a review of the substantive issues. Foreign awards are not reviewed on their merits here, but are examined to ensure they comply with basic procedural standards. This makes the country a…

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has now published updated guidance with a view toward clarifying how reporting entities can share information among themselves in the fight against money laundering and terrorist financing. The document speaks to a period in which financial crimes are increasing in…

In business practice, conformity and supervisory interaction issues contain compulsory accounting for changes in financial services demands and interaction with financial  operations system. One such change is entry into force of updated demands from Financial Transactions and Reports Analysis Centre of Canada on 1 October 2025. New provisions expand obligations…

Canada has just entered the next level of corporate transparency—it is now mandatory: discrepancy reporting. This senior executive also announced that henceforth businesses, financial institutions, and professional intermediaries shall actively compare beneficial ownership information available through various records. In case of a mismatch, these discrepancies shall no longer pass silently…

In October 2025, updated demands for informing beneficial ownership came into force as part of fight against money laundering, terrorist financing and sanctions avoidance. Main changes affect practice of comparing notification about beneficial owners obtained from clients with branded corporate possession registers. Current informing demands are designed to eliminate data…

Exploring Business Prospects in the Canadian Landscape: Canada, a realm brimming with economic promise, allures global entrepreneurs and investors. Thanks to its unwaveringly stable economy, fortified legal framework, and unyielding dedication to innovation, Canada has emerged as a beacon for those aspiring to establish themselves within North America. However, prior…

The Retail Payment Activities Act (RPAA), alongside its accompanying regulations, marks a significant step in Canada’s evolving regulatory landscape, aiming to enhance the supervision of PSPs in the retail sector. Enacted to address potential risks in payment systems, the RPAA and its finalized regulations, published on November 22, 2023, establish…

The authority of Canada made an effort to lessen the expected tendencies of legal challenges that would follow as e-currencies have become more common in the world. By modifying the PCA to contain all individuals and companies trading in cryptocurrency in Canada, it evolved the foremost country to enact legislation…

On April 21, 2023, the Canadian governance unveiled the Notice of Ways and Means Motion, ushering in pivotal changes to the Proceeds of Crime (Money Laundering) and Terrorist Sponsoring Act (PCMLTFA) as outlined in the 2023 federal budget. Our previous coverage (refer to our Blakes Bulletin: 2023 Federal Budget: Impact…

Following the ongoing crypto-crisis started when Bitcoin dropped from its all-time high above $68,000 in 2021 to less than $18,000 in 2022, the crypto market went from boom to collapse, opening a new era called “crypto winter”. As cryptocurrencies hit a rough patch in 2022, especially between May and July,…