Tag archives: Disclosure obligations

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

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

Climate change risk is serious business – are you doing your due diligence?

It’s been a hot summer. Cities around the world have experienced record-breaking temperatures and heat waves are now being recorded all over the world. In Eastern Canada alone, there have been nearly 100 heat warnings. In Oman, the town of Quriyat registered the highest minimum temperature in the world in June this year: 42.6 degrees … Continue reading

Be aware: business acquisition reports

Under Canadian securities laws, reporting issuers are required to make periodic disclosure and timely disclosure upon the occurrence of specific events.  One of the timely disclosure obligations is the requirement for a reporting issuer to file  a business acquisition report (BAR), in prescribed form, upon the completion of a “significant” acquisition of a “business”. An … Continue reading
LexBlog