Communications, auteur sur KRB Lawyers

What Are Materiality Scrapes and What They Mean if You Buy or Sell a Business?

By: Antonino Gentile OVERVIEW If you buy a business, you want to ensure that you get the full benefit from the representations and warranties you get from the seller. If you sell a business, you want to ensure that you limit your exposure after the sale towards the buyer as…

Important Proposed Modifications to Corporate Transparency Disclosure Requirements in Quebec

By: Nicolas Sayour The Government of Québec has recently taken a significant step in order to accentuate corporate transparency requirements by the tabling of Bill 78 (An act mainly to improve the transparency of enterprises) (the “Bill”), therefore following its federal counterpart which amended the Canada Business Corporation Act (“CBCA”)…

New Requirement to Disclose Nominee Agreements to Revenu Québec

By: Jason Gauthier On September 24, 2020, Bill 42, An Act to give effect to fiscal measures announced in the Budget Speech delivered on 21 March 2019 and to various other measures (“Bill 42“) was adopted. Required Disclosure Bill 42 requires a taxpayer who is a party to a nominee…

Updates Regarding the Canada Emergency Rent Subsidy

An Overview of Bill C-9: An Act to Amend the Income Tax Act (Canada Emergency Rent Subsidy and Canada Emergency Wage Subsidy) By: Antonino Gentile I. BACKGROUND In April 2020, the federal government announced that it would be providing rental assistance to businesses through the Canada Emergency Rent Assistance…

Protecting Your Client Lists and Confidential Information

Best Practices for the Protection of your Business’ Client Lists and other Confidential Information By Laurie McQueen As a business owner, how can you best protect the confidentiality and non-use of your sensitive information? What happens if an ex-employee contacts your clients, soliciting their business? Most businesses secure a competitive…

KRB Lawyers included as one of Canada’s fastest growing companies!

KRB Lawyers is honoured to be included in the list of Canada’s fastest growing companies by Canadian Business, ranking in the top 300 companies across Canada and in the top 50 Montreal based companies. Founded in 1928, Canadian Business is the longest-serving business publication in the country. It has fueled the…

Robert Doyle and Suzanne Villeneuve join KRB!

We are very proud to announce that Robert Doyle and Suzanne Villeneuve are sharing their vast experience and solid reputation in business law and financing with our team. Please join us in welcoming Robert and Suzanne to KRB!

M&A in times of COVID-19, where are we 8 months later?

By: Maxime Cloutier When COVID-19 hit us last Spring, everyone in the M&A market wondered what would happen in the upcoming months, years. The first months were not easy. However, while some contemplated deals aborted and some purchase agreements were terminated, everyone acknowledged that the situation, although not perfect, was…

COVID-19: Implications for Commercial Landlords and Tenants

By: Zarnab Durrani The COVID-19 crisis has had a significant economic impact on commercial landlords and tenants across the province. The federal government’s Canada Emergency Commercial Rent Assistance (CECRA) program, among others, are intended to offer a partial solution to the situation Despite the said relief programs, commercial landlords and…

Non-competition clauses: their context matters!

Non-competition clauses are commonly implemented in employment agreements or in commercial agreements to restrict a party from competing with the other during and after their agreement is terminated or their transaction is concluded. However, a non-competition clause’s enforceability can be subject to scrutiny by the Courts who interpret them restrictively…

Extension of Periods and Time Limits for Federal Corporations under the Canada Business Corporations Act (CBCA)

By: Nicolas Sayour In relation to the COVID-19 pandemic, an order has recently been issued by the Ministry of Innovation, Science and Industry of Canada regarding the extension of certain periods and time limits applying to corporations incorporated under the CBCA. This order (a) extends the deadlines to call an…

How employers can protect their start-up and training expenses when onboarding new employees?

By Me Alexandra Criquet When hiring new employees, employers sometimes have to incur significant costs in order to integrate these new members into the pre-existing team, particularly in terms of training. In this regard, the time, money and effort invested can have a significant impact depending on when these employees…

No-hire clauses in commercial agreements: approach with caution

When entering into commercial agreements, parties will seek to provide safeguards against the poaching by one party of the other’s business or employees. Such safeguards such as non-solicitation and non-competition clauses are clearly delimited in their reach and enforceability by the courts. However, no hire clauses (i.e. provisions which specifically…

Enforcing your right to close: The action in conveyance of title

By: Antoine Hammam Offering to purchase or sell a property is a serious undertaking that should not be taken lightly. Once accepted by the other party, such an offer is transformed into a bilateral agreement of purchase and sale, which grants either party the right to its timely execution. In…

Maxime Cloutier et Gabriel Di Genova promoted to Partners of KRB!

Maxime and Gabriel’s career paths are overflowing with success and we are particularly proud that they choose to use their experience for the benefit of our clients at KRB. Maxime’s experience and know-how are invaluable to his team in M&A, corporate law, and commercial law, allowing the firm to skillfully…

Invoking “Critical supplier” status pursuant to the Companies’ Creditors Arrangement Act (CCAA)

By: Gabriel Di Genova The Commercial Division of the Superior Court recently adopted a restrictive interpretation as to the opportunities for third-party suppliers to benefit from “Critical supplier” status as identified at S. 11.4(1) of the CCAA. In Nemaska Lithium Inc. et al., Justice Louis J. Gouin, j.s.c., rejected an…

Buying or Selling a Business? Know the Rules Regarding Personal Information

By: Laurie Propeck The adoption of privacy legislation in the early 2000s by the federal government and various Canadian provinces such as Quebec, Alberta and British-Colombia regulating the collection, use and disclosure of personal information, being information that allows an individual to be identified, demonstrates the importance given to protecting…

How can you find the trustee overseeing insolvency proceedings?

By: Gabriel Di Genova Are you a creditor of a business or individual facing insolvency proceedings? Identifying the trustee handling the insolvency is a crucial step in safeguarding your rights and ensuring you will be among the recognised creditors. Here are 4 ways to identify the trustee (or monitor): If…

New Requirements to Identify Canadian Non-Resident Real Estate Purchasers at the Québec Land Registry

By: Gabriella Gagnon-Da Rocha On February 13, 2019, the draft Règlement sur le formulaire de présentation de la réquisition d’inscription d’un transfert immobilier (the “Regulation“) amending an Act respecting duties on transfers of immovables was published in the Gazette officielle du Québec for a 45-day consultation period. The Regulation would…

Quebec lifts the suspension of procedural delays

After four and a half months of judicial limbo, the justice Minister of Quebec finally announced yesterday that the suspension of the judicial, procedural and prescription delays will be lifted as of September 1, 2020. In this much anticipated announcement, the minister also grants a 45 day extension to all…

Acquisition of Industek Inc.

KRB is glad to have acted as legal counsel for its client the Fredac group in connection with its recent acquisition of Industek Inc., Quebec’s leader in the manufacturing of compactors and environmental presses. The excellent synergy between the Fredac group and Industek Inc. will allow the latter to continue…

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