Debtor-in-possession (“DIP”) financing, also known as “interim financing” or “DIP financing,” describes an increasingly common situation where an insolvent company is allowed to remain in possession of its assets during the restructuring process and receive additional financing in order to …Keep reading
Yearly Archives: 2014
The B.C. government has released a white paper http://www.fin.gov.bc.ca/pld/fcsp/society_act_discussion.htm outlining proposals for a new Societies Act to regulate the governance of non-share capital entities incorporated in British Columbia. The full text of a proposed new act is presented, along with …Keep reading
On June 20th, 2014, the Government of Canada announced sweeping changes to the temporary foreign worker program, much of which is effective immediately. The following is a brief review of those changes.
The Labour Market Impact Assessment (“LMIA”) …Keep reading
Despite its name, a ‘materiality scrape’ is not what happened to Marty McFly in Dr. Emmett Brown’s DeLorean.
In fact, it is a tool that is becoming more popular among counsel for the purchaser in commercial transactions, as a counterbalance …Keep reading
All lawyers and clients have heard the stories. A commercial transaction is almost closed, and the lawyers spend the entire night and part of the morning before closing, drafting and revising the wording of the legal opinions they are to …Keep reading