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Early stage companies face an uphill climb in growing their business and ensuring their viability going forward.

On April 9, 2015, the Canadian Securities Administrators (CSA) announced significant changes to the disclosure requirements applicable to venture issuers (the Amendments).

Encountering the phrases, "best efforts", "reasonable efforts" and "commercially reasonable efforts" in commercial contracts sans definition leaves enough latitude for interpretation to cause uncertainty.

Two recent initiatives of the Canadian securities regulators address the need for reporting issuers to raise capital from existing shareholders cost-effectively.

Staff of the Compliance and Registrant Regulation Branch of the Ontario Securities Commission recently released the findings of its largest-ever targeted review of portfolio managers and exempt market dealers.

In part 1 of this series, I discussed the importance of setting a good legal groundwork for an early-stage company, focusing on the areas of intellectual property, capital raising and employee relations.

A typical "fiduciary out" clause gives the board of directors of a target company the ability to consider, and if applicable accept, an unsolicited competing bid that the board has determined is more favourable than the incumbent transaction.

For a long time, there hasn’t been any debate about an employer’s right to use temporary suspension without pay as a disciplinary measure.

As an incentive to encourage employee loyalty, many employers offer deferred compensation to employees: stock options, restricted share units and the like.

Section 570 of Alberta’s Insurance Act eliminates the right of insurers providing income continuation or replacement benefits to subrogate against automobile insurers.

In Kosovic v Niagara Caregivers and Personnel Ltd ("Kosovic"), the Ontario Human Rights Tribunal held that a recruitment agency’s job application form that asked for the applicant’s date of birth contravened the Ontario Human Rights Code.

Both the Québec Charter of Human Rights and Freedoms as well as the Canadian Charter of Rights and Freedoms provide for the right not to be discriminated against on the ground of age.

Since the amendments to the Criminal Code in 2004, Parliament armed itself with an arsenal of legal weapons aiming to facilitate criminal prosecutions against organizations in case of workplace injuries.

The Ontario Securities Commission (OSC) recently released a new edition of the Investment Funds Practitioner, providing an overview of recent issues arising from applications for exemptive relief, prospectuses and continuous disclosure documents filed by investment funds.

The Auditor General’s Fall 2013 Report (Report), released November 26, criticized two aspects of Canada’s food management system.

The Government of Quebec tabled Bill 10, "An Act to modify the organization and governance of the health and social services network, in particular by abolishing the regional agencies."

On September 12, 2013, the Ontario Court of Appeal issued its decision in Apotex Inc. v. Abbott Laboratories, Limited 2013 ONCA 555.