In November, the House of Assembly of Newfoundland and Labrador passed Bill 24, which set out amendments to the province’s Corporations Act (the “Act”). The amendments, which come into force 1 April 2022, are notable and require attention as they will impose new obligations upon most corporations incorporated in the province. In summary, the amendments: […]
On 9 June 2021 the Government of Newfoundland and Labrador released Statutory Review 2020 of the Access to Information and Protection of Privacy Act, 2015 (ATIPPA). The Review recommends changes to provisions to ATIPPA that will be of interest to business entities engaged with public bodies in Newfoundland and Labrador. The Review, conducted by former […]
We are living in a time where there is great potential to improve business practices through the effective implementation of technology. Upcoming amendments to the Companies Act[1], Co-operative Associations Act[2] and Corporations Registrations Act[3] will permit the electronic storage of books and records for both companies and cooperatives. A number of other key updates include, […]
Corporations incorporated under the Canada Business Corporations Act (the “CBCA”) are about to face a significant increase in the share ownership information that they are required to collect. Bill C-86, an implementation bill for the 2018 federal budget that includes the Federal government’s amendments to the CBCA, received Royal Assent on December 13, 2018. The […]
Nova Scotia can deliver significant benefits to multinational entities as a result of the province’s unique corporate law framework, multinational-friendly tax regime, abundance of government incentives and enticing geographic advantages.
Gray Aqua Group of Companies, Re is a case from New Brunswick that dealt with the remedy of substantive consolidation under the Bankruptcy and Insolvency Act (BIA). Historically, courts have shown reluctance in granting consolidation and it was seen as an extraordinary remedy.