Corporate Governance: Legal Best Practices for Long-Term Success

In today’s fast-paced business environment, effective corporate governance is more critical than ever. Companies face an array of challenges that can impact their operations and reputation, including regulatory compliance, cybersecurity threats, and shifting market dynamics. Additionally, increasing stakeholder expectations for transparency and ethical practices require organizations to be agile and proactive in their governance strategies […]

Amendments Affecting All Newfoundland and Labrador Corporations

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: […]

Intra-Company Transferee Work Permits: A possible solution despite current travel...

Throughout the past year, COVID-19 and the resulting international border closure has complicated the pathway to Canada for many. Nonetheless, there are still a number of options available to those wishing to come to Canada, whether on a temporary basis or with the ultimate goal of permanent resident status in mind. Intra-Company Transferee Work Permit: Overview […]

Structuring Your Fishing Business for Growth: Selecting the Optimal Business...

Have you received advice from an accountant or a lawyer on the best way to structure your fishing business? If so, did that advice take the most recent Income Tax Act amendments into consideration? Finding the structure that is optimal for your circumstances can make a world of difference to you and your family.

Up Close and Personal…Guarantees

Securing bank financing could very well be the springboard to take your business to the next exciting level. A personal guarantee may be a condition of that financing, but don’t be scared off. Knowledge and experienced guidance can help you work with the lender to take the business successfully forward.

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.

Substantive Consolidation: Efficient and Equitable Restructuring of Group Companies

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.

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.