CCAA and BIA amendments to come into force November 1, 2019
Bill C-97 including certain proposed amendments to the Bankruptcy and Insolvency Act (BIA) and the Companies’ Creditors Arrangement Act (CCAA) received Royal Assent on June 21, 2019.
director liability
M&A disputes: When will a corporation be liable for an officer’s or director’s fraud? Supreme Court provides new guidance
Should a corporation be liable for fraud committed by its director or officer where it may also have benefitted? The Supreme Court of Canada grappled with this question recently in the context of a dispute arising from a fraudulent investment scheme to acquire commercial real estate.
Court has no appetite to pierce corporate veil in restaurant lease decision
Corporate directors and officers may generally only be held personally liable for misconduct on the part of the corporation in limited circumstances where there has been improper or fraudulent conduct.
