Things You May Not Know About The Farm Debt Mediation Act
National Insolvency Review, February 2017
Most or all creditors who lend to farmers will be familiar with the Farm Debt Mediation Act, S.C. 1997, c. 21 (the “FDMA”) and the need to serve a notice under the FDMA before taking action against a farmer. However,...
Amazon to pay $1,000,000 to Competition Bureau for Unsubstantiated Sales Prices
Amazon has agreed to pay a $1,000,000 administrative monetary penalty and $60,000 in Competition Bureau costs, following the Bureau’s conclusion that Amazon did not substantiate its sale prices. Vendors, lenders and lessors should take special care when setting and advertising...
Potentially Interesting Decision on Royalty Interests in CCAA Comes Down to the “Interest in Land” Question
To date, there has been little treatment of mineral royalties in Companies’ Creditors Arrangement Act (Canada) (“CCAA”) proceedings. Given the current weakness in the oil and gas and mining sectors, any case law that informs what assets will be available...
Law Reform Recommendations of Ontario’s Business Law Advisory Council to the Minister of Government and Consumer Services
The Business Law Advisory Council (the “Council”) was established by the Government of Ontario in 2016 to review Ontario’s corporate and commercial legislation and to provide advice to the Government on priorities to reform that legislation. The Fall 2016 Report...
( Available in French only )
Les délais dans un dossier de faillite : en conformité ou pas avec le droit civil?
Les délais sont d’une importance primordiale dans le cadre de procédures judiciaires. Le défaut de les respecter peut impliquer le rejet d’une action. Dans l’affaire 9190-0753 Québec Inc. (Syndic de), 2016 QCCS 1983 (29-04-2016), le juge Stephen W. Hamilton a...
( Available in French only )
N.D.L.R.
Il a été porté à notre attention que nous n’avions pas précisé que la décision St-Onge (Syndic de) 2014 QCCS 909 (7 janvier 2014) rapportée dans notre publication Été 2014 avait été inscrite en appel. Cette décision du registraire de...
Taking Security on Personal Property: A Glimpse Into Secured Lending in Canada
In recent years, cross-border transactions have increased in popularity and many of these transactions involve taking security over tangible and intangible personal property. As a result, it is now customary for financial services lawyers to be called upon by clients...
Quebec Consumer Protection Act Opens the Door Again to Possible Class Action: Titans of Industry Targeted for their Promotional Practices
Introduction On July 4th, 2016, Ms. Stephanie Benabu[1], a Montreal resident, filed an application with the Quebec Superior Court to authorize a class action[2]. This potential class action targets two dozen titans of industry from the banking, technology and telecommunications...
Bulk Sales in Ontario: Good and Bad News
The good news: On June 9th, Bill 218 passed first reading. This Bill amends over fifty Ontario statutes, so you might have missed that Ontario is repealing its Bulk Sales Act (“BSA”). Ontario is the last Canadian province or territory...
Things You May Not Know About the Farm Debt Mediation Act
Most or all creditors who lend to farmers will be familiar with the Farm Debt Mediation Act, S.C. 1997, c. 21 (the “FDMA”) and the need to serve a notice under the FDMA before taking action against a farmer. However,...
