Yearly Archives: 2012

Update: Changes to the Canadian Registry of Vessels

Major changes are occurring at the Canadian Registry of Vessels (“CRV”). In an attempt to reduce the deficit through budget cuts, the Federal Government is consolidating the CRV into one office in Ottawa.

This means that the Port of Vancouver …

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Why Do I Need That In My Corporate Name?

Corporate entities (both share capital and non-share capital) can be incorporated at the federal or provincial level. Each corporate statute has certain name requirements for the corporate name, and each regulator has also developed name approval policies and procedures. Sometimes the requirements …

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Benefits to Using a Holding Company

A holding company is a company that doesn’t have any operations, activities, or other active business. Instead it owns assets. These assets can be stocks in other corporations, units in limited partnerships, private equity funds, hedge funds, publicly traded stocks, …

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The Power of Board Policies

Boards of directors often create rules about the affairs of their organizations.  These are recorded in documents which bear the title “policy” or some similar wording.  Typical examples might be a “conflict of interest policy” (setting out procedures and guidelines to be followed as …

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Understanding Title Searches: Undersurface Rights

During the due diligence period, legal counsel will usually be asked to provide their opinion on title to a property. This requires diligent review of the various legal notations, charges and encumbrances displayed on a title search from the Land …

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Can I make my teenage child a registered shareholder of my company?

Individuals who are minors (called “infants” under the law) are frequently the beneficial owners of items of property, including shares of companies. Often the registered ownership is held in the name of a trustee or guardian, or by another mechanism. What happens …

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Limited Partnerships

A limited partnership (“LP”) is a specialized vehicle designed to fulfil the needs of particular investors who want to be able to share in partnership profits but limit their liability for partnership losses. An LP is a preferred and commonly …

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Commercial Subleasing Concerns

In this article, we discuss (1) a subtenant’s concerns when completing leasehold improvements on subleased premises; and (2) other pertinent issues subtenants should be aware of when entering into a sublease situation.

Issue #1:

What are the concerns regarding a …

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To Comply or Not to Comply – Do Securities Laws Apply to Private B.C. Companies?

Securities laws apply to all issuers of securities from the moment of their incorporation or formation. Further, every issuer must comply with the registration and prospectus requirements or be able to rely on an exemption from those requirements. If you

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Intercreditor Agreements

An intercreditor agreement is an agreement between two creditors agreeing in advance how their competing interests in their common borrower will be dealt with.

Lenders are often required to address the priority of their loans and security in relation to …

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