What considerations should be made when buying a franchise business?

By Troy Ungerman (Toronto) on May 2, 2018 Posted in M&A

The acquisition of a franchise business from a franchisor carries with it risks unique to the nature of the business. The aim of this post is to shed light on some of those risks and to highlight mechanisms, the existence of which can comfort a potential buyer that those risks have been mitigated. Risk of … Continue reading

Transitioning to the PPSA’s new rules

By Denise Gan (Toronto) on March 31, 2016 Posted in Corporate finance

In a previous blog post, we discussed the amendments to the rules under the Ontario Personal Property Security Act (the PPSA) which determine the location of the debtor for certain types of collateral and the jurisdiction for registration. In this post we explore the transitional rules which will apply to security agreements made before December … Continue reading

Where to register under the PPSA’s new debtor location rules

By Denise Gan (Toronto) on March 1, 2016 Posted in Corporate finance

Changes to Ontario’s Personal Property Security Act (the PPSA) may have an effect on M&A transactions that involve certain security interests. This two-part post will explore how the PPSA’s changes affect security agreements entered into both before and after December 31, 2015. Background On December 31, 2015 new rules came into force (the New Rules) … Continue reading