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Foreign Investment in Canada: “Net benefit” threshold raised & update on national security reviews

  • December 01, 2017

Foreign buyers of Canadian businesses are less likely to require approval from the Minister of Innovation, Science and Economic Development under the “net benefit to Canada” test as a result of increases in the review thresholds this year. At the same time, acquisitions of even small Canadian businesses—including minority investments—can still be subject to national security review.

CETA Is in Effect (Mostly): What You Need to Know

  • December 01, 2017

On September 21, 2017, a landmark trade deal between Canada and the European Union (“EU”), the Comprehensive Economic and Trade Agreement (“CETA” or the “Agreement”), came into provisional effect after almost a decade of negotiations. Provisional application of CETA is a milestone achievement which ushers in a number of significant changes to the Canadian legal and regulatory landscape.

Requisitioned Meeting Breaks Deadlock

  • August 10, 2017

A deadlocked board of directors, talk of a “public flogging”, and a court reluctant to intervene. The case of Goldstein v. McGrath is a colourful recent example of a requisitioned public company shareholders’ meeting, with the twist that the requisitioning shareholders were represented by or aligned with three of the company’s six directors.

Changes to Provincial Court Civil Jurisdiction and Procedures (Civil Resolution Tribunal)

  • May 23, 2017

The objectives of this Notice to the Profession and Public are: (1) to outline the changes to the Provincial Court’s civil jurisdiction and procedures effective June 1, 2017, further to the implementation of the small claims jurisdiction of the Civil Resolution Tribunal (CRT); and (2) to rescind three Small Claims Practice Directions formerly issued by the Chief Judge.

Financial crime, terrorist financing, money laundering and China - What BC Lawyers Need to Know

  • April 24, 2017

If there is one area of law that seems to be the least understood among members of the profession, it is financial crime. Financial crime involves, among other things, money laundering, terrorist financing, tax evasion, insider trading, corruption, illegal gambling, drug trafficking and prostitution. We call these financial crimes because of the financial transactions associated with the criminal activity.

Class Action Filed in Relation to BC's Foreign Buyer Tax

  • January 24, 2017

A proposed class action was filed a mere six weeks after the British Columbia government introduced amendments to the Property Transfer Tax Act to impose an additional 15% tax on the purchase of residential property by foreigners in the Greater Vancouver Regional District (the “Foreign Buyer Property Tax”).