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Bill 797: Are Benefit Corporations Coming Soon to Quebec?

On May 26, 2021, Bill 797, An Act to amend the Business Corporations Act to include benefit corporations (Bill 797), was tabled before Quebec’s National Assembly by opposition member Carlos J. Leitão. If adopted, Bill...more

Projet de loi n° 797 : Les entreprises à mission sociale bientôt au Québec?

Le 26 mai 2021, le projet de loi no 797, Loi modifiant la Loi sur les sociétés par actions afin d’y intégrer l’entreprise à mission (le « projet de loi no 797 »), a été présenté à l’Assemblée nationale du Québec par M. Carlos...more

Corporate Transparency: Quebec Moves Forward with Its New Ultimate Beneficiary Disclosure Regime

Quebec’s Minister of Labour, Employment and Social Solidarity, Jean Boulet, recently tabled Bill 78, An Act mainly to improve the transparency of enterprises (Bill or Bill 78), before the Quebec National Assembly. The...more

Transparence des entreprises et nouveau régime d’information sur les bénéficiaires ultimes : le Québec va de l’avant

Le 8 décembre 2020, le ministre du Travail, de l’Emploi et de la Solidarité sociale, M. Jean Boulet, a présenté à l’Assemblée nationale du Québec le projet de loi no 78, Loi visant principalement à améliorer la transparence...more

Corporate Transparency: Which Path Will Quebec Take?

In recent years, several countries have undertaken various actions to combat fraud, tax evasion, tax avoidance, money laundering and the financing of criminal activities. Despite the implementation of several measures to...more

Bill 141: New Governance Rules for Certain Quebec Companies

Directors of Quebec insurers, trust and savings companies and deposit institutions will have increased duties regarding the development and enforcement of “sound commercial practices” and “sound and prudent management...more

Oppression in the Context of a Closely-Held Corporation: SCC Weighs In

In Mennillo v. Intramodal inc., the first oppression remedy case to reach the Supreme Court of Canada (SCC) since BCE Inc. v. 1976 Debentureholders, the SCC provided clarity on how the oppression remedy operates within...more

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