Business Beat

The Ontario government argued in Superior Court on April 18 that former corporate directors and officers have presumptive, unlimited, personal, no-fault liability to orders to pay all environmental costs associated with the assets of their former corporation or subsidiaries.

It is not uncommon for entrepreneurs to overlook the importance of a shareholder agreement when establishing a new business. However, failure to overlook this critical agreement can cause considerable headache in the future.

The Supreme Court of Canada has granted leave to appeal a trilogy of Quebec class action law suits that sought to impose provincial consumer protection obligations on federally-regulated financial institutions.

A group of securities dealers has successfully obtained relief from most of the requirements that typically drive the need for a Canadian private placement supplement, or wrapper, for selling securities of non-Canadian issuers into Canada.

It looks like the final countdown to Canada’s anti-spam/anti-spyware legislation (CASL) has started, with a possible implementation date of mid 2014.

The Canadian Corporate Counsel Association and the Rotman School of Management are teaming up to launch a certification program for Canadian in-house counsel that will in many ways mirrors an executive MBA.

Practical tips for existing loans, new loans, and secondary debt trading.

On April 12, 2013, the TSX Venture Exchange extended to August 31, 2013, temporary relief from certain pricing requirements related to private placement financings that were originally granted on August 17, 2012, and extended and modified on December 12, 2012.

On January 10, 2013, the United States Federal Trade Commission released the annual jurisdictional thresholds that trigger the requirement to file a premerger notification and report form under the Hart-Scott-Rodino Antitrust Improvements Act.

I am honoured to have been selected as the founding chair of the OBA Business Law Section's newest committee - the International Business Law Committee. I take both of those words very seriously. As the founding committee, those who join will help chart a new course.