ARTICLE · 13 DECEMBER 2023

5 Tips For Better Legal Risk Management

DiliTrust Canada Inc.

Explore more from DiliTrust Canada Inc.

In their day-to-day business, companies face a wide range of legal risks. Legal risk refers to any uncertainty that could lead to negative consequences for the company such as lawsuits...

CanadaCorporate/Commercial Law

DiliTrust Canada

Author LinkedIn connections

In their day-to-day business, companies face a wide range of legal risks. Legal risk refers to any uncertainty that could lead to negative consequences for the company such as lawsuits, fines and other sanctions. In this article, discover the main legal risks faced by companies, as well as 5 tips for better management.

What are the different types of legal risks?

Legal status risks

The choice of a company's legal status is made at the time of its establishment and concerns a governance structure. Depending on the legal status chosen, tax, operational, managerial and even documentary management of the structure will not be the same. Throughout the life of the company, the legal department must ensure that practices relating to its status are respected, particularly to prevent fraud.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Related Articles

BC Securities Commission Holds That A Significant Share Issuance In A Proxy Contest Is Not Contrary To The Public Interest: Re Zefiro Methane Corp.

CanadaCorporate/Commercial Law

The Canadian Consumer: Regional Differences And Buying Behaviour

CanadaCorporate/Commercial Law

Manufacturing Facility Acquisitions: Structuring Deals To Avoid Post Closing Real Estate Risk

CanadaCorporate/Commercial Law

In The Chair With Brent Belzberg (Podcast)

CanadaCorporate/Commercial Law

The Long-duration Acquirer: Where Entrepreneurship Meets Private Equity

CanadaCorporate/Commercial Law

Osler, Hoskin & Harcourt LLP

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

Comparative Guide

Merger Control

Comparative Guide

Corporate Governance

Comparative Guide

Enforcement of Civil and Commercial Judgments

Comparative Guide

Technology M&A

See more popular content from

Corporate/Commercial Law

Canadian Public M&A Deal Study 2016

The eighth annual Blakes Canadian Public M&A Deal Study focuses on recurring and emerging issues in the structuring and negotiation of Target-supported public company acquisitions in Canada.

CanadaCorporate/Commercial Law

Blake, Cassels & Graydon LLP

CPA Ontario Introduces New Regulations Governing Alternative Practice Structures

Alternative practice structures (APS), already firmly established in the United States, are generating significant interest and activity in the Canadian market, particularly in regard to accounting firms.

CanadaCorporate/Commercial Law

Osler, Hoskin & Harcourt LLP

Contracts For Services vs. Contracts For Goods In Ontario

In Ontario's fast-paced and constantly changing business landscape, contracts are the basis of all commercial relationships in law. Whether you're a businessperson ordering stock for resale, a tech firm providing...

CanadaCorporate/Commercial Law

Pacific Legal PC

Franchise Law With Jennifer Shayko - Franchising Basics (Part 7) (Video)

What are the essential requirements for franchise disclosure documents in Ontario? Jennifer Shayko breaks down the key legal obligations franchisors must meet when preparing disclosure documents under the Arthur Wishart Act, covering content requirements, delivery methods, and critical timing considerations that can impact franchise agreements.

CanadaCorporate/Commercial Law

Aird & Berlis LLP

New Tax Measures To Attract And Stimulate Investment In Canada

Christopher Anderson and Michael Kandev are featured legal professionals at Davies Ward Phillips & Vineberg LLP, a prominent law firm. Their professional backgrounds and expertise are highlighted through biographical information and imagery from the firm's Toronto office.

CanadaCorporate/Commercial Law

Davies Ward Phillips & Vineberg LLP

October 2026 Amendments To Chambers Practice In British Columbia: What To Know

The amendments were developed with the input of stakeholders, including members of the judiciary, the legal profession, government ministries and the public, in response to ongoing concerns regarding chambers delays, scheduling inefficiencies, inaccurate time estimates, and matters that are set down for hearing but ultimately do not proceed as scheduled

CanadaCorporate/Commercial Law

Singleton Urquhart Reynolds Vogel LLP

No Discretion To Refuse Shareholder's Request For Audited Financial Statements

The Court does not have discretion under the Ontario Business Corporations Act ("OBCA") to refuse a shareholder's request for the corporation to produce audited financial statements.

CanadaCorporate/Commercial Law

Business Organizations: Doing Business In Canada 2026

Explore the legal structures available for conducting business in Canada, from corporations and partnerships to branch operations. Understand key considerations including director residency requirements, shareholder rights, liability protections, and the strategic choice between federal and provincial incorporation for foreign investors entering the Canadian market.

CanadaCorporate/Commercial Law

McCarthy Tétrault

An Attempt To Kickstart The Market: OSC Introduces Self-Certified Prospectus Exemption For Interim Period

On October 25, 2022, the Ontario Securities Commission ("OSC") adopted a new self-certified investor prospectus exemption under Ontario Instrument 45-107 (the "Exemption")...

CanadaCorporate/Commercial Law

Minden Gross LLP

Shareholders' Agreements: The Decisions Behind The Document

Putting a unanimous shareholders' agreement in place is an exercise in good governance. It gives a group of owners an agreed framework for running the corporation, sharing its profits and dealing with the departure of a shareholder, and it settles those questions at a point when everyone is still working well together. Every agreement is different, because the answers depend on who the shareholders are and what each of them wants from the business.

CanadaCorporate/Commercial Law