Canada: Corporate/Commercial Law

It is well-established that Canadian law shields directors and officers from personal liability for corporate acts, except in circumstances that justify piercing the corporate veil. In CHU de Québec-Université Laval v. Tree of Knowledge International Corp., the Ontario Court of Appeal confirmed that fraudulent conduct is also a basis for imposing personal liability on officers and directors of a corporation, even where the test for piercing the corporate veil is not met.

Vendor takeback financing enables business transactions when traditional lending falls short by allowing sellers to finance part of the purchase price.

A renewed focus on global trade policy and tariffs has led many businesses to take a closer look at their supply chains and the compliance expectations that arise from the cross-border movement of goods.