This Week's Issue
Alex Robinson - Monday, October 24, 2016
The federal government has introduced a bill in Parliament in an attempt to modernize the Canada Business Corporations Act, but some corporate lawyers have lingering concerns that the proposed amendments could cause confusion for some companies.
While the regulations have not been released, some lawyers say they worry that any differences between the proposed legislation and the requirements of the Toronto Stock Exchange could cause confusion for companies that are both listed under the index and come under the purview of the CBCA, says Jennifer Longhurst, a partner with Davies Ward Phillips & Vineberg LLP.
“To the extent that the CBCA is going to make amendments that in many ways already address things that the [Toronto Stock Exchange] rul...