Lavrijsen Campgrounds v Eileen Reville, Steven Reville and Douglas Reville (2015 ONSC 103) offers the first significant pronouncement on the duty of honesty in contractual performance recently established in Bhasin v Hrynew (see Honesty is the best policy when it comes to commercial contracts). In this case, the parties negotiated…
As corporations operate on a system of majority rule, check a shareholder holding a significant number of shares has the power to manipulate corporate activity, there potentially at the expense of minority shareholders. As a result, the rights of minority shareholders are protected to ensure that they are not overlooked…
Congratulations to Sean Bawden whose employment law blog ‘Labour Pains’ was named best practitioner blog in the Canadian Law Blog Awards (aka – the Clawbies). Sean’s blog was selected from over 500 law blogs published in Canada and ‘Labour Pains’ was named best of the 43 employment law blogs. Since…
“Do I have a case for wrongful dismissal?” This page is one attempt to put together a, perhaps much-too-simplified, explanation of what “wrongful dismissal” under Ontario law means. I will start with this caveat, explaining wrongful dismissal, and more to the point explaining the nuances of any one individual’s situation…
As a Corporate Director, remedy you are elected by the company’s shareholders to act fairly and in good faith for the long-term best interests of the corporation. It’s a position of trust and confidence as Directors control the money, property and information that are crucial to the company’s success. Fiduciary…
There are many advantages to incorporating a business. The extra paperwork required is not one of them. One of the extra steps that every incorporated company should commit to is maintaining its corporate records which can be easily done with a minute book. This is an important administrative step that…
A Henson Trust is a tool that can help you provide care and financial support for a person with a disability. It can be established during your lifetime or under theEstate Planning terms of your Will. Henson Trusts can be beneficial in many cases but they are not appropriate for…
Tim McCunn and Michael Leaver recently completed three corporate financings for clients in the technology sector. On the first transaction they advised material science innovators Smarter Alloys (Innovative Processing Technologies Inc.) on an equity financing worth $1.5M. Tim and Michael also acted for ASE Smart Energy Inc. with regards to…