Perspectives Newsletter
Stikeman Elliott LLP
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Corporations & Commercial Law
Business Impacts of Québec’s Proposed Consumer Protection Reforms: Consumer Credit Limits, Grocery Price Displays, Point-of-Sale Tipping Rules … and More
Bill 72, An Act to protect consumers against abusive commercial practices and to offer better transparency with respect to prices and credit, was recently tabled by the Québec government. This legislation includes amendments to the Québec Consumer Protection Act that will impose new requirements on businesses with respect to consumer credit contracts, contracts with door-to-door salespeople, banking fraud, long-term lease of goods contracts, food pricing displays and point-of-sale tipping options. Read more
Capital Markets & Securities
OSC Publishes Summary Report for Dealers, Advisers and Investment Fund Managers for 2023-2024
Stikeman Elliott
The Registration, Inspections and Examinations Division (“RIE”) of the Ontario Securities Commission has released its annual Summary Report for Dealers, Advisers and Investment Fund Managers (the “Report”) for the 2023-2024 fiscal year. RIE oversees firms and individuals that trade in, or advise on, securities or commodity futures as well as firms that manage investment funds in Ontario. As in previous years, the Report summarizes RIE’s recent activities, focusing on education and outreach, regulatory oversight and guidance, current initiatives and enforcement. Read?More
Mergers & Acquisitions
Transforming Business Exits: Canada’s Innovative Employee Ownership Trust Law
In this episode, Mario Nigro and special guest Tiara Letourneau of Rewrite Capital Advisors discuss employee ownership trusts (EOTs) – both their history in the U.S. and U.K. and the work that Tiara and others have put into a successful push for similar, but even more flexible and innovative, legislation in Canada. The new Canadian EOT model allows employees to become owners without financial contributions, with the trust buying the shares and employees benefiting from the profit and equity, while also affording exiting owners a significant capital gains exemption. While Canada’s new EOT structure is a great exit option for a wide range of owners, Tiara is especially enthusiastic about its potential positive impact on small communities. Listen to the podcast
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