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ARTICLE · 10 SEPTEMBER 2004

Succeeding in Québec: Business Law Developments Multinationals Should Know About

The business and legal landscape in Québec continues to evolve – and offers growing opportunities for foreign-based companies doing business in Canada’s second-largest province. In this update, we outline recent key developments in financial services reform, litigation, tax incentives and other areas.

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The business and legal landscape in Québec continues to evolve – and offers growing opportunities for foreign-based companies doing business in Canada’s second-largest province. In this update, we outline recent key developments in financial services reform, litigation, tax incentives and other areas.

The most successful among the many U.S.-based companies doing business in Canada’s second-largest province have learned the importance of addressing major legal and cultural differences, as well as the better-known language considerations. That savvy has been rewarded in recent years as the Québec economy gained energy and momentum while so many others stalled.

Still, a number of recent developments in the province illustrate to what extent Québec continues to carve out its own approach in subtle but significant ways. Here, we provide a run-down of important developments for legal advisors working with companies headquartered in other jurisdictions, especially the U.S., Canada’s

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