New transparency requirement for Ontario corporations
Effective January 1, 2023, Ontario corporations governed by the Business Corporations Act (Ontario) will be required to maintain a register of individuals with significant control. This change arises from Bill 43, which was passed by the Ontario government in 2021. Those familiar with federa…
View the post titled New transparency requirement for Ontario corporationsVendor financing: Considerations for business sellers
Following a year focused heavily on concerns surrounding inflation, the Bank of Canada made its seventh rate increase of 2022 on December 7. After a period of cheap access to money fuelling robust M&A activity, some prospective buyers may be finding themselves in a more challenging posi…
View the post titled Vendor financing: Considerations for business sellersKeep your ‘Secret Sauce’ secret: protecting confidential information in commercial relationships and transactions
When businesses negotiate potential transactions or contracts, or discuss opportunities to collaborate on a project or venture, it is likely that one or more of the parties will be sharing information that is non-public and confidential in nature.1 Maybe your business doesn’t have a ‘secret …
View the post titled Keep your ‘Secret Sauce’ secret: protecting confidential information in commercial relationships and transactionsTwo corporate modernization developments taking effect today in Ontario
On October 19, 2021, Ontario is taking two significant steps toward the modernization of Ontario corporate law and services, one statutory and one procedural. These developments are of particular importance to not-for-profit corporations who have patiently awaited the arrival of a new statut…
View the post titled Two corporate modernization developments taking effect today in OntarioDazed and Confused: Five more contractual considerations for uncertain times
In part one of this article, I discussed five considerations for negotiating and drafting contracts during this period of continuing commercial uncertainty resulting from the COVID-19 pandemic. Below are five additional considerations for negotiating, drafting and executing contracts during …
View the post titled Dazed and Confused: Five more contractual considerations for uncertain timesDazed and Confused: Five contractual considerations for uncertain times
The year 2020 will not soon be forgotten. Despite the devastation of the COVID-19 pandemic, it has also provided a catalyst for substantial innovation and positive disruption to business models and commercial practices. During this time of business adaptation to respond to the unique challen…
View the post titled Dazed and Confused: Five contractual considerations for uncertain timesSupport for Businesses during COVID-19: CEBA application deadline extended
Despite being able to resume operations following the lifting of certain governmental restrictions related to COVID-19, many business owners continue to experience unprecedented financial challenges. After months of decreased revenue – or possibly even periods without any revenue – business …
View the post titled Support for Businesses during COVID-19: CEBA application deadline extendedCOVID-19: Ontario’s emergency orders extended
On Saturday, April 11, 2020, the Ontario government announced the extension of its emergency orders concerning the COVID-19 pandemic until April 23, 2020. This extension applies to all emergency orders made by the province in response to COVID-19, including the closure of non-essential place…
View the post titled COVID-19: Ontario’s emergency orders extendedCOVID-19 in Ontario: essential places of business
These past four weeks have been turbulent for Ontario businesses, to say the least. On March 17, 2020, Ontario declared a state of emergency in response to the COVID-19 pandemic. By March 23, Premier Ford ordered the closure of all non-essential businesses (the “Order”), and on April 3, the …
View the post titled COVID-19 in Ontario: essential places of businessFranchise rescission no relief from loan obligations
Last week, Perell J. granted summary judgment to the Royal Bank of Canada (“RBC”) for indebtedness owed by Everest Group Inc. (“Everest”), a franchisee which had sought to rescind its franchise agreement.[1] Perell J. refused to require the bank to forebear exercising its rights until the fr…
View the post titled Franchise rescission no relief from loan obligationsReceive Blog Posts
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