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Being accountable: fiduciary duties and the business judgment rule

  • Gowling Lafleur Henderson LLP
  • -
  • Canada
  • -
  • July 18 2014

On July 10, 2014, the Ontario Court of Appeal released an important decision regarding corporate governance and shareholders rights. In the case

Boards of Directors Modernization Act, Bill S-217

  • Gowling Lafleur Henderson LLP
  • -
  • Canada
  • -
  • July 18 2014

On June 19, 2014, Bill S-217 - An Act to modernize the composition of the boards of directors of certain corporations, financial institutions and

The increasing scope of auditors' negligence: Livent Inc. v. Deloitte & Touche LLP

  • Gowling Lafleur Henderson LLP
  • -
  • Canada
  • -
  • May 7 2014

In a decision with far-reaching implications for the accounting industry, on April 4, 2014, Deloitte & Touche was found liable for $85 million for

Achilles Motors temporary dissolution is no Achilles’ heel

  • Gowling Lafleur Henderson LLP
  • -
  • Canada
  • -
  • April 3 2014

The Ontario Court of Appeal has affirmed earlier case law and the plain language of Ontario's Business Corporations Act, R.S.O. 1990, c. B.16 (the

Unanimous shareholders agreements: an important part of a lender's due diligence

  • Gowling Lafleur Henderson LLP
  • -
  • Canada
  • -
  • March 27 2014

Benjamin Franklin once said, "Diligence is the mother of good luck". Although Franklin was obviously not speaking about unanimous shareholders

Corporate governance update: Canadian developments and trends

  • Gowling Lafleur Henderson LLP
  • -
  • Canada
  • -
  • March 10 2014

The end of 2013 and early 2014 saw a variety of proposals and developments in Canada on a range of corporate governance matters. Here are a few areas

Shareholder activism in Canada - looking back and looking ahead

  • Gowling Lafleur Henderson LLP
  • -
  • Canada
  • -
  • February 27 2014

Shareholder activism in Canada continued on the rise in 2013. Canadian corporate and securities laws are in several respects favorable to activists

British Columbia Court of Appeal considers certification of consumer protection claims

  • Gowling Lafleur Henderson LLP
  • -
  • Canada
  • -
  • February 27 2014

On January 30, 2014, the British Columbia Court of Appeal overturned the certification of a class action against the manufacturers of children's

Québec Inc. retrenchment and entrenchment: anti-takeover Proposals

  • Gowling Lafleur Henderson LLP
  • -
  • Canada
  • -
  • February 21 2014

On February 20, 2014, the Ministry of Finance and the Economy (Québec) tabled its Budget for 2014-2015 and issued a press release quoting

TSX announces new requirements for director elections and majority voting

  • Gowling Lafleur Henderson LLP
  • -
  • Canada
  • -
  • February 18 2014

If you are proposed as a director of a TSX-listed issuer, you will need a majority of the votes in order to be elected. TSX-listed issuers will be