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Corporate Law

New corporate registration requirements

corporate

As of June of 2019, federal private corporations will be required to maintain a registry of “Individuals with Significant Control” (ISC) in addition to an annual obligation to take reasonable steps to ensure their register is complete and up-to-date. Corporations will have an obligation to update their registry within 15 days of becoming aware of… Read More »

Categories: Corporate Law

Responsible delegation: Annual corporate filings and updates

corporate

Responsible and efficient delegation is an important skill for any lawyer. But there are limits as to when and how certain tasks can be delegated to non-lawyers. Recently, LAWPRO has seen situations where corporate filings are handled by administrative staff such as clerks, without specific authorization or review from a supervising lawyer. This sometimes includes… Read More »

Categories: Corporate Law

Is it safe to serve on a client’s board of directors?

It can be very rewarding, both personally and financially, to be asked to serve on a client’s board of directors. It’s also easy to understand why a client might make the request: the lawyer may have worked closely with the corporation’s founders to establish the company, and will likely have a solid understanding of the… Read More »

Categories: LAWPRO Errors and Omissions Coverage, Conflicts of Interest, Corporate Law

New practicePRO resource: Corporate/commercial malpractice claims fact sheet

corporate

With such a large amount of claims prevention information available in LAWPRO Magazine articles and practicePRO resources, we had the idea to create simple fact sheets that CPD providers and others could use in developing their program material for specific areas of law. The latest in our series of “malpractice claims fact sheets” covers corporate/commercial… Read More »

Categories: Corporate Law

LAWPRO Magazine archive – Drafting errors: A simple error can cost you

corporate

Given the complexity and the number of commercial agreements drafted each year in Ontario, it is surprising that corporate and commercial claims account for only 13 to 15 per cent of the number of claims reported against lawyers in Ontario annually. Although commercial leasing errors represent a small percentage of those claims, they illustrate where… Read More »

Categories: Corporate Law

Greater – but not perfect – clarity coming, at end of year, to question of personal property security jurisdiction

real-estate

A personal property security interest can’t be perfected if it’s registered in the wrong jurisdiction. Pinning down the appropriate jurisdiction for registration of a non-possessory interest in an intangible (like intellectual property), a good used in more than one jurisdiction (like a transport truck), or an instrument (like a lease) has proven to be surprisingly… Read More »

Categories: Real Estate, Civil Litigation, Corporate Law

My favourite tips from the FACL 9th Annual Conference

communication-errors

This past Saturday, the Federation of Asian Canadian Lawyers (FACL) held its 9th annual conference in Toronto. We closed the conference with the first-ever “60 tips in 60 minutes” session, a popular format borrowed from our American neighbours. I squeezed in with the heavy hitting 60 tips panel including Lorne Sossin, Osgoode Hall Dean; Jeffrey… Read More »

Categories: Communication Errors, Civil Litigation, Career Management, Wellness and Balance, Law Practice Management, Corporate Law, Diversity, Risk Management & Claims Prevention
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