COVID-19 Update for CBABC Members March 16, 2020 Like all of you, the CBABC office is putting plans together to protect our members, our communities, our employees and their families against the COVID-19 virus. To that end, we have decided to implement a number of changes.
From the President: CBABC Advocacy with respect to Proposed ICBC Reforms February 25, 2020 "We were deeply disappointed to hear about the government’s plans, particularly in light of the lack of public and industry consultation on the pros and cons of such a material change to BC’s insurance regime." Ken Armstrong, CBABC President 2019-20
Insolvency Amendments Now in Force Under the BIA and CCAA November 29, 2019 Extensive amendments to the Bankruptcy and Insolvency Act (“BIA”) and Companies’ Creditors Arrangement Act (“CCAA”) coming into force on November 1, 2019 through Bill C-97 will have a significant effect on certain aspects of insolvency proceedings commenced after that date. The wide-ranging revisions to both the BIA and CCAA will likely foster changes to the currently existing insolvency and restructuring practice in Canada.
BC Government Proposes to Give BCSC the Strongest Powers Across Canada to Protect Investors November 29, 2019 The BC government proposes sweeping changes to the Securities Act (British Columbia) (the “Act”), which will allow the British Columbia Securities Commission (“BCSC”) to better address white collar investment crime. Proposed through Bill 33 Securities Amendment Act, 2019, the amendments will provide the BCSC with some of the strongest powers in Canada to protect investors and enforce sanctions. These are the first major revisions to the legislation in almost a decade.
British Columbia's UNDRIP Legislation—A Framework to Advance Reconciliation November 29, 2019 Bill 41 requires the government, among other things, to take all necessary measures to ensure provincial laws are consistent with UNDRIP. The Bill also states that "Nothing in this Act is to be construed as delaying the application of the Declaration to the laws of British Columbia."
A New Dimension To Directors’ Duties: Bill C-97 August 09, 2019 Canadian corporate directors should be aware of Bill C-97 as it articulates meaningful changes to the duties they bear.
Employee Stock Options — Proposed Changes to Canada's Preferential Tax Treatment August 09, 2019 On June 17, 2019, Canadian Federal Finance Minister Bill Morneau released draft legislation that will impact on the preferential tax treatment of employee stock options (“Proposals”). The Government initially announced its intention to introduce these measures in the Federal Budget released on March 19, 2019.
Queen's Counsel Nominations 2019 May 24, 2019 Nominations for Queen's Counsel are now being accepted. The nomination process will end July 19, 2019 at 4:30 pm.
The changing face of Canada's judiciary: more women, more diversity May 05, 2019 More than half of appointments since 2016 have been women, but Indigenous numbers remain low
CBA passes motion defining diversity at AGM February 12, 2019 “This definition will provide almost like a GPS, what our basic co-ordinates are in terms of addressing diversity. But I personally feel there’s a lot to be done yet,” Kamaljit Lehal told Legal Feeds. Lehal moved the resolution yesterday at the AGM in Ottawa while speaking by video conference from Vancouver.