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A Step Back for Holdback Trust Accounts: Amendments to New...

New Brunswick’s Construction Remedies Act (the “Act”) received Royal Assent on December 18, 2020.  The “new” Act, which replaces the Mechanic’s Lien Act, applies to all construction contracts entered into on or after November 1, 2021. On April 1, 2022 sections 37 and 38 of the Act came into force, creating and outlining the requirements […]

New Shareholder Information Requirements for New Brunswick Corporations

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.