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Published on: 1 May 2024 By

Privacy pulse: AI arms race, TikTok restrictions, and more

Last month, the Siskinds Privacy, Cyber and Data Governance team introduced our Privacy Pulse series, focused on providing businesses and professionals with monthly updates on the world of technology, privacy, and artificial intelligence laws in both the U.S. and Canada. April has been busy,…

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Published on: 22 Jan 2024 By

Canadian private equity funds face hidden risks when taking on non-resident investors

Private equity funds and limited partnerships Private equity funds almost always operate as limited partnerships (LPs). The LP structure is simple but effective: The fund manager, usually a corporation, manages the business as the general partner and assumes unlimited liability. The investor…

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Published on: 11 Jan 2024 By

Navigating the mergers and acquisitions landscape: The role of due diligence

Mergers and acquisitions (M&A) represent a strategic approach for companies looking to grow, diversify, or streamline their operations. However, the success of these transactions hinges on a comprehensive understanding of the target company’s financial, operational, and legal land…

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Published on: 8 Jan 2024 By

Ontario’s new Consumer Protection Act prompts businesses to revisit contracts for compliance

In the last month of 2023, Ontario’s Bill 142, Better for Consumers, Better for Businesses Act, 2023 received Royal Assent, which repeals the Consumer Protection Act, 2002 and replaces it with the new Consumer Protection Act, 2023 (“CPA 2023”). Notably, although the Bill was passed, CPA 2023…

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Published on: 21 Dec 2023 By

AI-related services agreements and IP: Opportunity and uncertainty for service providers

Generative artificial intelligence (“AI”) made a major pop-culture splash earlier this year with the explosion of Chat-GPT. The capabilities of these AI tools to generate content such as text, images, music, and code, is now widely recognized and many startup businesses are offering services…

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Published on: 13 Dec 2023 By

Navigating minor’s share ownership in OBCA corporations: Exceptions, risks, and mitigation strategies

The Ontario Business Corporations Act (OBCA) serves as the regulatory backbone for the establishment and operation of corporations in Ontario. However, can a minor hold shares in an OBCA corporation? What if a parent wants to pass on shares to their child? And if so, what risks come with thi…

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Published on: 11 Oct 2023 By

Proposed changes to the Competition Act could affect your business

On September 21, 2023, Bill C-56—also known as the Affordable Housing and Groceries Act—received its first reading in the House of Commons. The Bill proposes several changes to Canada’s Competition Act. One such change is a significant expansion of the government’s power to conduct inquiries…

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