The accelerated shift toward e-commerce has resulted in an uptick in the adoption of platforms of all kinds for businesses to market and sell products and interact with their customers. From online marketplaces, to last-mile fulfilment and delivery, to consumer financial services, digital e-commerce platforms are fast becoming a leading model for product and service delivery globally.
On July 9, 2015, an expert panel convened by the Ontario Ministry of Government and Consumer Services (MGCS) released their final report (the Expert Report) containing many broad recommendations on how to modernize Ontario’s increasingly outdated business legislation. The Expert Report dealt with laws relating to corporations, partnerships, secured lending and other commercial activities. Taken together, these recommendations will bring Ontario into line with the leading corporate law jurisdictions in Canada (and beyond) and likely make the province a much more attractive business destination.
The release of the Expert Report is the first big step in the overhaul of Ontario’s business laws, which was first announced in the 2015-2016 Ontario Budget. This bulletin considers some of the more significant recommendations from the Expert Report and what their adoption could mean for businesses already operating in Ontario or those considering how (and where) to enter into the Canadian market.
1. Eliminating… Continue reading “Ontario Ministry’s expert report recommends big changes to province’s corporate laws”
The Civil Code of Québec (the “CCQ”) provides that a client can unilaterally terminate a service agreement even where the work or provision of the services is already in progress