First Reference company logo

First Reference Talks

News and Discussions on Payroll, HR & Employment Law

decorative image

corporate law

Old employment contracts can come back to bite you – or help you

A recent decision of the Ontario Superior Court considered the termination of an employee of Open Text Corporation who had been working for Open Text and its predecessor corporations for 17 years. There was no agreement governing his employment with the first company and it received little updating through two more acquisitions. When he was terminated, he complained that the original contract was void due to the transitions and sued for common law notice…

 

, , , , , , , , , , , , , ,

When are directors liable to employees for debts of the corporation?

It is an accepted principle of corporate law that the owners or managers of a corporation are not legally liable personally for the debts of that corporation. However, since the inception of limited liability, corporations have sought to avoid payment of various debts by hiding behind what is referred to as the “corporate veil”. Some of these efforts have been so flagrant a misuse of the principle that courts have struggled to “pierce the corporate veil” and impose legal liability on directors of the corporation for certain conduct.

 

, , , , , , , , , , , , , ,