Canada: Directors and Officers

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.

When a shareholder of a private corporation dies, investment advisers are often among the first professionals families turn to. Understanding the key concepts of dealing with an estate which owns...

Lorsque l'un des actionnaires d'une société privée décède, les conseillers en placement comptent souvent parmi les premiers professionnels vers lesquels se tournent les familles.

Les administrateurs de sociétés par actions régies par la LCSA sont souvent rassurés par le délai de prescription...

In Lundin Mining Corp. v Markowich, 2025 SCC 39 [Lundin Mining], an 8-1 majority of the Supreme Court of Canada determined that the definition of "material change" in securities...

Effective governance depends not only on sound decision-making, but on the ability to demonstrate that decisions were made through a thoughtful, informed, and defensible process.

La Saskatchewan se joint au nombre croissant des provinces du Canada qui ont adopté une loi sur les franchises. The Franchise Disclosure Act (la « Loi sur les franchises de la Saskatchewan » ou la « Loi »)...

Directors of a corporation shoulder significant responsibilities in managing a corporation. The corporate veil will generally shield a director from personal liability by recognizing the corporation...

While private equity sponsors commonly rely on the board of directors to set the repurchase price of management equity upon a manager's departure, alternative valuation mechanisms are available...