The Beginning of the End of Corporate Ownership Confidentiality in...

It appears 2024 will include an unwelcome surprise for many business owners in Canada – public disclosure of their ownership interests in corporations. If you own federally-incorporated corporations, the agenda this fall should include a review to prepare for compliance. Canada Business Corporations Act Since 2017, Canada and the provinces, including Newfoundland and Labrador, have […]

A Closer Look at Illicit Loans and Financial Assistance in...

A few years ago, we canvassed the now outdated and antiquated financial assistance (or illicit loan) provisions that remain in the Newfoundland Corporations Act (the “Act”) and the problems they create for financial institutions seeking guarantees in financing transactions. This article seeks to examine in greater detail the solutions and work-arounds.