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Foreign Affairs committee  We agreed that Vincent would start.

November 30th, 2016Committee meeting

Milos Barutciski

Foreign Affairs committee  You said it like a native, Mr. Chairman. It's Macedonian, in case you are wondering. Thank you very much, Mr. Chairman and members of the committee. Like Vince, I've been practising for the bulk of my 30 years as a lawyer, in the large national firm Bennett Jones for the past 1

November 30th, 2016Committee meeting

Milos Barutciski

Foreign Affairs committee  I'm not sure which metaphor to use, high school spin-the-bottle or the more adult and a little sharper Russian roulette, but there's a bit of that. Let's start with delisting. It's impossible to talk about delisting without the flip side, which is how they got there in the first

November 30th, 2016Committee meeting

Milos Barutciski

Foreign Affairs committee  Exactly, and the disconnect between the political rationale for doing it and the assessment or evaluation of what is actually being done.

November 30th, 2016Committee meeting

Milos Barutciski

Foreign Affairs committee  We kept nine.

November 30th, 2016Committee meeting

Milos Barutciski

Foreign Affairs committee  Thank you for your question, Ms. Laverdière. I will take the opportunity to add my comments to those of Professor Walsh and Professor Hanham regarding the purpose of sanctions. I will also talk about human resources and the mandates that you and others have talked about. First

November 30th, 2016Committee meeting

Milos Barutciski

Foreign Affairs committee  That is exactly the question. Whether we have a mandate and ... if we have an objective and a purpose, a mandate derives from the objective of a particular sanction. Public servants must understand what the objective of Parliament or the government is in enacting legislation o

November 30th, 2016Committee meeting

Milos Barutciski

Foreign Affairs committee  That is not a new question. It is a question that arises for any federal public servant at the Competition Bureau, Canada Revenue Agency, or the Canada Border Services Agency. These are regulatory agencies. If you don't mind, I will continue in English. A regulatory agency is

November 30th, 2016Committee meeting

Milos Barutciski

Foreign Affairs committee  I agree with what Mr. DeRose said, but very simply, enforcement and compliance go hand in hand, and to convince companies that they need to comply, it's not just saying we've got a law. You need to actually be able to engage them, and if the administrator, the agency, doesn't eng

November 30th, 2016Committee meeting

Milos Barutciski

Finance committee  Mr. Chairman, if you don't mind, Mr. German and I have decided he'll lead and I'll follow.

May 30th, 2018Committee meeting

Milos Barutciski

Finance committee  Thank you, Mr. Chairman. I'm Milos Barutciski, as the chair said, a partner at Bennett Jones, a national law firm. I'm in the Toronto office. It's originally a Calgary firm. That said, as I am a Quebecker, I will start my presentation in French. Why not? It is worthwhile. Li

May 30th, 2018Committee meeting

Milos Barutciski

Finance committee  On the legal thing, I think it's mostly much ado about very little. Lawyers generally.... Remember the original regulation that was struck down. It was about lawyers moving money, where lawyers are actually intermediaries, taking funds in trust, and moving it out. Lawyers that

May 30th, 2018Committee meeting

Milos Barutciski

Finance committee  The issue of checklist compliance isn't limited to this area. We see it in all fields. You have to take it from the standpoint of why a company wants to comply. We have the fundamental reason and the tone from the top: you don't want your people being crooked because that jeopar

May 30th, 2018Committee meeting

Milos Barutciski

Finance committee  You asked a question about beneficial ownership. I actually do believe that beneficial ownership should be reported. Where I part company with some of the advocates is on public reporting. I just don't see it, and this isn't the place for me to get into a length discussion of w

May 30th, 2018Committee meeting

Milos Barutciski

Finance committee  My answer to your question was that beneficial ownership was what will ultimately help clean up the problems in real estate.

May 30th, 2018Committee meeting

Milos Barutciski