David D. Lyons

David D. Lyons

Lerners LLP

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200+ laws in Ontario that impose personal liability on officers and directors of Ontario business corporations

Another significant potential area of personal liability for directors and officers of business corporations in Ontario to consider arises as a result of 200+ laws of all levels of government that have provisions imposing...more

1/8/2013 - Directors Officers Personal Liability

The corporate 'shield' is not impenetrable - Directors and Officers of Ontario business corporations take note

Under Ontario’s Business Corporations Act, a corporation has the rights, powers and privileges of a natural person. This means that a corporation can sue and be sued and will own assets and incur liabilities. Operating a...more

12/18/2012 - Business Formation Corporate Veil Directors Officers Ontario's Business Corporations Act

Director & Officer Liability: Where are the risks?

At law, a corporation is a separate legal entity with its own assets and liabilities. In broad terms, the duty of a director is to be responsible for the management and governance of that corporation. The interplay between...more

8/14/2012 - Board of Directors Officers

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