- Posts by Jagdeep S. Shergill
PartnerJag practises in the area of corporate and commercial law. He works primarily with private companies, partnerships and trusts on a variety of transactions, including asset/share acquisitions and dispositions, fund and joint ...
In the 2023 Federal Budget, the Canadian federal government expressed its intention to reduce the criminal rate of interest currently set out in the Criminal Code[1] to protect financially vulnerable Canadians from predatory lending practices.[2] Generally, predatory lending involves certain lenders taking advantage of borrowers by imposing unfair loan terms ...
Federal corporations take notice – the federal government is amending the Canada Business Corporations Act (“CBCA”) in an effort to increase transparency regarding the ownership of Canadian corporations. Bill C-42, An Act to amend the Canada Business Corporations Act, which comes into force on January 22, 2024, will introduce several amendments to the CBCA ...
Virtual shareholder meetings have become ubiquitous for both public and private companies since the onset of the COVID-19 pandemic. Canadian securities regulators, stock exchanges and federal and provincial governments quickly responded to accommodate electronic meetings where it was otherwise not permitted. In British Columbia, Ministerial Order No. M116 was ...
In light of challenges that B.C. businesses now face relating to the COVID-19 pandemic, the provincial government has approved new regulations that postpone the coming-into-force date for the requirement for private B.C. companies to create and maintain transparency registers from May 1, 2020 to October 1, 2020. The new regulations also expand the list of companies that ...
The Societies Act, SBC 2015, c18 (the “Act”) came into force on November 28, 2016 and replaced the former Society Act, RSBC 1996, c 433. The Act included significant updates to provide more flexibility to how societies operate, while still protecting the public interest and ensuring accountability in their governance and management of funds.
Since the enactment of the
On the heels of federal amendments to the Canada Business Corporation Act discussed in our previous blog post (the “CBCA Amendments”) and British Columbia’s 2017 commitment to adopt safeguards to prevent the misuse of corporate entities for tax evasion and other criminal purposes, such as money laundering, corruption and the financing of terrorist ...
The federal government’s 2019 budget confirms and expands its focus on corporate governance that appeared in Bill C-25’s legislative push for diversity in corporate leadership last year. Bill C-25, which proposed changes to diversity disclosure requirements under the Canada Business Corporations Act (the “CBCA”), is discussed in our May 2018 blog post. Bill ...
Corporations governed by the Canada Business Corporations Act (the “CBCA”) will be required to maintain a securities register of all individuals with “significant control” over the corporation pursuant to new legislation coming into force on June 13, 2019. The Budget Implementation Act, 2018, No. 2 (Bill C-86) introduces amendments to the CBCA (the “CBCA ...
On November 23, 2015, the Lieutenant Governor in Council issued Order No. 673, which provided that the British Columbia Societies Act (the “New Act”) will come into force on November 28, 2016, replacing the existing Society Act (the “Existing Act”). Order No. 673 also introduced the new Societies Regulation (the “Regulation”) which provides model bylaws for ...
On March 25, 2015, Minister of Finance Michael de Jong introduced Bill 24, the Societies Act, in the British Columbia Legislature. The Bill, which received Royal Assent on May 14, 2015, substantially reforms the current not-for-profit legislative regime. It repeals and replaces the existing Society Act, which governed over 27,000 not-for-profit legal entities in ...
About Us
Lawson Lundell's Business Law Blog covers a wide range of topics relevant to businesses of all sorts, including corporate governance, corporate commercial law, corporate finance and securities, mergers and acquisitions, procurement, private equity and venture capital, intellectual property, and business taxation. Please also see our litigation, project law, China law, and real estate law blogs.
Legal Disclaimer: The information made available on this webpage is for information purposes only. It does not constitute legal advice, and should not be relied on as such. Please contact our firm if you need legal advice or have questions about the content of this webpage.