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ARTICLE · 05 AUGUST 2015

Broad Changes To Ontario Corporate Law Recommended

Blake, Cassels & Graydon LLP
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The ministry is seeking comments from the public until October 16, 2015, on these recommendations as well as the recommendations relating to other statutes...

CanadaCorporate/Commercial Law
Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
Matthew Merkley
Matthew Merkley
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A panel of legal practitioners and academics appointed by Ontario's Ministry of Government and Consumer Services (Panel) has recommended potential updates and revisions to a number of corporate and commercial Ontario statutes in a June 2015 report entitled Business Law Agenda (Report).

The Report considers 19 different corporate and commercial Ontario statutes, including the Business Corporations Act (Ontario) (OBCA), and focuses on areas "where Ontario may be currently at a competitive disadvantage".

The Report's recommendations cover a number of topics linked to "five key themes":

  • Establishing a regular and formal process to keep corporate and commercial law current
  • Making Ontario a jurisdiction of choice for business

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