Nova Scotia OKs Electronic Record Keeping, Corporate Practices

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, […]

June 29, 2018

Supplier Beware: Appropriate Payments at Your Own Risk

Whether you’re a general contractor, a subcontractor, or a supplier, this decision regarding the application of the Builders’ Lien Act is important for your business.

Why Multinationals and Their Advisors Should Consider Including Nova Scotia...

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.

NLCA Finds No Conflict of Interest Arising Where Accountants Act...

In this case, the Newfoundland & Labrador Court of Appeal considered whether a receiver is conflicted if it previously assisted the debtor in financial restructuring efforts.

Shareholder Loans: Are They Equity or Debt?

Tudor Sales Ltd. (Re), 2017 BCSC 119 is a case from British Columbia that dealt with whether shareholder loans, as a non-arm’s length transaction, are properly characterized as debt, or as equity.

Requirements for Granting a Bankruptcy Order

In the Nova Scotia case Witch’s Glen Gold Inc., Re, 2015 NSSC 93, the sole creditor, Steve Furlotte, brought an application pursuant to s. 43 of the Bankruptcy and Insolvency Act (BIA) seeking a bankruptcy order against the debtor Witch’s Glen Gold Inc. (“WGC”).

The Latest on Crowdfunding Exemptions in Nova Scotia and New...

Several Canadian securities regulators, including those in Nova Scotia and New Brunswick, have been busy formulating a structure to make it possible to purchase and sell securities through crowdfunding.

Crowdfunding in New Brunswick

Equity crowdfunding provides an innovative, fresh and new opportunity for entrepreneurs to fund their start up corporations in New Brunswick. However, the legal implications and ramifications can be complicated. Outlined below are a few issues that any entrepreneur will want to consider before entering the equity crowdfunding universe.