Newsletters

As previously explained in our August 15, 2019 newsletter, Revenu Québec announced new rules on May 17, 2019 requiring the disclosure of all nominee agreements. The application of those rules was suspended until regulations could be adopted. Bill 42 implementing these rules was made final on September 24, 2020, and those rules are now in […]

Federal corporations, non-profit organizations and cooperatives generally must file their annual returns and pay the annual fees within 60 days of the anniversary date of their creation. However, Corporations Canada has recently announced that all such entities whose anniversary date falls between February 1 and June 1, 2020 now have until September 30, 2020 to […]

By press release dated April 27, 2020, the Minister of Justice and Attorney General of Québec announced that for the duration of the COVID-19 public health emergency, legal persons who must hold meetings of their boards of directors, shareholders (in the case of a corporation) and members (in the case of non-profit organizations) can do […]

Everything has changed since the World Health Organization declared COVID-19 a pandemic on March 11, 2020, and it has since become increasingly clear that its impact will be felt across every level of society and industry. Businesses and individuals, reeling from the economic impacts of COVID-19, are wondering how it will impact their various contracts, […]

Are you a party to a “prête-nom” or nominee agreement? These are commonly used in real estate transactions to register property in the name of a nominee corporation, which holds legal title only, with the beneficial ownership retained by the true owner(s). Nominee corporations are often used to collect rent and pay expenses, or to […]

When mergers and acquisitions reach a certain size, calculated, for instance, by the value of the assets of the resulting corporation, parties to the transaction can be required to obtain government’s green light before finalizing the deal. The Minister of Innovation, Science and Economic Development recently announced statutory annual adjustments to two of these thresholds. […]

The traditional social question is also relevant in the context of business relationships: if a dispute arises out of a contract you signed, will you have to travel to the outer limits of the province if it ends up in court? Click here to read comments by Sharon G. Druker on clauses that could spare […]

Franchising, just like any other contract, consists of a blend of rights and obligations between the parties. A recent decision of the Quebec Court of Appeal provides an extensive analysis of the franchisor’s obligations. In this document, Herbert Z. Pinchuk, Rhona Luger and Sharon G. Druker highlight the impact this decision may have on the […]

We’ve all had second thoughts after closing a deal that turns out to be less than optimal. Usually, this is just a reminder of the need to consider our decisions more carefully. But acquiring the wrong company, or buying it for an inflated price, is far more than a costly lesson. It can be a […]