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Inside Internal Controls

News and discussion on implementing risk management

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Corporate law

Why have a shareholders’ agreement?

Ultimately, a Shareholders’ Agreement is a method of managing risk and establishing mechanisms to resolve problems before they arise.

 

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Know your exposure: Joint and several liability explained

The legal concept of “joint and several liability” confuses many people. As the name suggests, where “joint and several liability” applies, liability is both…

 

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Ontario Ministry’s expert report recommends big changes to province’s corporate laws

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their final report (the Expert Report) containing many broad recommendations on how to modernize Ontario’s increasingly outdated business legislation.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 […]

 

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Ontario’s Court of Appeal affirms principles of contractual interpretation and the standard of review in contractual disputes

On September 10, 2014, the Court of Appeal for Ontario released a decision applying the Supreme Court of Canada’s recent ruling dealing with contractual interpretation and the standard of review for contractual disputes.

 

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Credit-proofing charity assets

Most charities and not-for-profit organizations are incorporated as non share capital corporations. These corporations are considered separate legal entities from their members or directors. This ‘separateness’ protects the members (and to a large extent directors) from being personally liable in the event the organization finds itself liable for damages as a result of a court finding.

 

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Introducing guest blogger Adam Aptowitzer at Drache Aptowitzer LLP

It’s a pleasure to welcome Adam Aptowitzer, Drache Aptowitzer LLP as a guest blogger. Adam will be blogging on behalf of Drache Aptowitzer LLP on corporate law and Income Tax law as it applies to charities and not for profits.

 

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