Corporations incorporated under the Business Corporations Act (New Brunswick) (the “Act”) are now required to collect significantly more share ownership information than what has historically been required.
An oppression remedy is a statutory remedy that courts can apply when the conduct of a corporation or its directors is found to be prejudicial or harmful to the interests of a specific stakeholder of the corporation (i.e., shareholders, officers, directors, creditors, etc.). In rectifying the oppression, courts will consider the reasonable expectations of the […]
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, […]
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.
In our globalized world, there are many things we can’t control. Delivering high quality infrastructure and services at the lowest possible cost is decidedly within our control. Citizens don’t want more talk. They want action.