Tag archives: Bill C-97

New share register requirements! Working towards greater corporate transparency

By Troy Ungerman (Toronto) on July 2, 2019 Posted in Governance and directors' liability

In November 2018, the Standing Committee on Finance released a report to address the issue of money laundering and terrorist financing in Canada. The Committee’s first recommendation emanated from the corporate registry regime in the United Kingdom (“UK”). In an attempt to emulate the UK’s system, the Committee recommended that the Canadian government work with … Continue reading

Bill C-97 amendments to the CBCA: broadening the scope of management considerations

By Denise Gan (Toronto) on June 4, 2019 Posted in Governance and directors' liability

The 2019 budget implementation bill (Bill C-97) contains significant amendments to the Canadian Business Corporations Act (CBCA), which should be noted by organizations wishing to acquire Canadian targets. On April 30, 2019, Bill C-97 passed its second reading and was referred to Committee in the House of Commons. The amendments to the CBCA create the … Continue reading