Yearly Archives: 2015

Crowdfunding in Canada and the United States

In Canada, two separate crowdfunding initiatives have been implemented:

  • The securities regulatory authorities in British Columbia, Saskatchewan, Manitoba, Québec, New Brunswick and Nova Scotia (collectively, the “start‑up participating jurisdictions”) recently adopted substantially harmonized registration and prospectus exemptions (together,
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BC Society Law Reform – one year to go

On November 23, 2015, the British Columbia government released Order 673-2015 to bring BC’s new non-profit governance law, the new Societies Act (“New Act”) into effect in one year’s time, on November 28, 2016, and to enact supporting regulations effective …

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Existing securityholder exemption vs rights offering exemption

A little over a year ago, certain of the Canadian Securities Administrators (the “CSA”) adopted a new exemption (Ontario adopted a revised version a few months later) which allowed listed issuers to issue listed securities to their existing …

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Insider trading

The two most common areas which see disciplinary action against issuers and non-registrants under the securities regulation are: (1) trading in securities without an appropriate exemption from the prospectus and registration requirements, and (2) insider trading. Ensuring that you have …

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Are securities laws applicable to me?

Securities laws in British Columbia apply to any issuer, including those not listed on a stock exchange. Securities laws apply from the moment of incorporation or formation. Forming an organization usually involves issuing securities to the owner(s) or founder(s). It …

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Buying or selling a business: A matter of risk

Life is all about risk. There is risk when driving to work, when crossing the street and when you arrive late for your anniversary dinner. There is also risk when you decide to buy or sell a business. Legal counsel …

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New BC Societies Act receives Royal Assent

Previous blog posts have been posted about the new BC Societies Act, including a detailed review of this proposed legislation. As a follow up to those blog posts, Bill 24, the “Societies Act”, received Royal Assent on May 14, …

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New BC Societies Act passes third reading

We have provided some detailed commentary in this blog recently concerning the introduction of a bill in the British Columbia Legislature to modernize and replace the existing non-profit governance legislation.  According to the Legislature’s website, Bill 24, the Societies Act proceeded …

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Left out in the cold: Estate freezes and shareholder oppression

Estate freezes are a common tool in the estate and tax planner’s toolkit. Their purpose, in essence, is to transfer corporately held wealth that has been accrued during one generation’s lifetime to another generation in a manner which is usually …

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Society Law Reform – an overview

On March 25, 2015 the British Columbia government introduced Bill 24 in the provincial legislature, to update and modernize the governance of non-profit entities in British Columbia. The Societies Act will repeal the existing Society Act and replace it with a more …

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