November 12, 2015
Who is a fiduciary?
Fiduciaries are not labeled only by one title, but more-so by their roles in the administration of a business plan. A fiduciary is any person whom property or power is entrusted to for the benefit of the business, and has discretionary control over the business’ plans or investments. This can include all shareholders, executives, in house council, and all informal committee members.
*Note: Any person(s) acting as...
November 09, 2015
On October 5th, 2015 the Liberal Government of B.C. introduced Bill 38, The Franchises Act, for a first reading in its legislature. The possibility of franchise legislation in the province comes as no surprise given the government’s recent investigation into regulating franchising, and the recommendation of the British Columbia Law Institute’s (BCLI) Report on a Franchise Act for British Columbia.
Bill 38, The Franchise Act, goes a...
November 03, 2015
Whether you are an established entrepreneur or just starting out, as a business owner it is important that you regularly review your creditor protection strategies. Most business owners, directors and officers do not realize that their personal assets are at risk of creditor claims in the event that something goes wrong with the business.Here are tips on how you can protect yourself from creditors:Consider incorporating your business if it is...
October 28, 2015
Mining and mineral exploration companies in Canada must follow specific guidelines for disclosure, designed to improve the accuracy and integrity of the information they provide. National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101) governs a company’s public disclosure of scientific and technical information about its mineral projects.
In most cases, the only way for a mining company to get the substantial...
October 23, 2015
When one organization acquires another, they are acquiring the other organizations assets along with their liabilities and risks.In a data-driven economy, neglecting cybersecurity risks can prove to be costly. A single security attack can have an immediate adverse impact on the value of a company or organization. There are also many costs associated with regulatory compliance following a data breach. The Digital Privacy Act (DPA) or Bill S-4...
October 22, 2015
An auto body shop owner in Nova Scotia is facing criminal and provincial charges after a workplace incident that resulted in the death of an employee. At the time of death, the employee was working inside one of the vehicles when it suddenly caught on fire.Elie Phillip Hoyeck, owner of the body shop, is charged with one count of Criminal Negligence Causing Death under the “Bill C-45” provisions of the Criminal Code, along with 12...