Corporate Law
Ontario Business Registry (OBR) – MGCS Updates and Responses
The OBA has shared information with respect to the new Ontario Business Registry. “The OBA has an open line to government to ensure that the Ministry of Government and Consumer Services understands and addresses issues of importance with respect to the new Ontario Business Registry“. You can find regular updates and answers to questions at… Read More »
Categories: Corporate LawNew corporate registration requirements
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 LawResponsible delegation: Annual corporate filings and updates
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 LawIs 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 LawLAWPRO Magazine archive – Drafting errors: A simple error can cost you
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 LawpracticePRO Resource: Checklist for commercial transactions
Many commercial matters involve the preparation of one or more documents. These documents are drafted based on communications between the parties to the document and/or their respective lawyers, the specific circumstances of the matter and applicable substantive law. While the majority of commercial deals in Ontario are concluded without difficulties, all too often LAWPRO sees… Read More »
Categories: Corporate LawAvoiding Communications Claims: Corporate Law
No matter what the area of practice, the number one source of claims at LAWPRO is a breakdown in communication between the lawyer and client. Between 2008 and 2013, nearly 4,600 communications claims – an average of 762 a year – have been reported to LAWPRO. The total cost of these claims to date is… Read More »
Categories: Corporate Law, Communication ErrorsDotting all the “i”s
I have a songwriter friend who reports that the hardest part of writing a song is finishing it. She finds that her enthusiasm for writing means that she loves the initial burst of creative energy, but she has trouble keeping herself on task for the polishing process: When a song is nearly finished, she finds… Read More »
Categories: Family Law, Corporate Law