Recent posts in Business

The Federal Government passed a new “anti-spam” Act in December 2010. If you are wondering why your inbox is still full of unwanted messages, it is because the Act is not yet in force. Since passing the Act, the Federal Government has been busy reviewing public comment on the associated regulations, which has led to revisions to the legislation. However, the Act and regulations are anticipated to finally come into force this summer. So, what do you need to know?

Innovate Manitoba was launched by the Manitoba Innovation Council to act as a catalyst for innovation success in Manitoba. IM works with innovators, entrepreneurs, businesses, researchers and post-secondary institutions to link them with the resources each needs to succeed.  It does this by working with businesses in various sectors to understand their research needs and connecting them with leading researchers who can [...]

On July 29, 2011, the Canadian Securities Administrators published for comment National Instrument 51-103: Ongoing Governance and Disclosure Requirements for Venture Issuers (“NI 51-103”) which, if and when adopted into law, will introduce a new regulatory regime for venture issuers. The intent of the Instrument is to streamline and tailor venture issuer disclosure requirements. Another key feature of NI 51-103 is to consolidate the vast majority of disclosure obligations applicable to venture issuers into a single instrument, thereby reducing disclosure redundancies.

Farmers in Manitoba are not like other debtors. They have special legislative protection which is intended to prevent creditors from seizing and selling farm land without giving the farmer a reasonable opportunity to repay the debt. Creditors who seek to enforce security against farmer must take a number of extra steps before they can proceed. If a creditor fails to follow the proper procedures, any action taken by the creditor to enforce its security will be void.

The due diligence stage is an essential element to a successful commercial transaction.

When purchasing a business the due diligence stage allows the buyer to assess the value of the business and to verify the information pertaining to the business in order to determine whether to proceed with the purchase. The due diligence period also permits the buyer to determine if there are any barriers or risks associated with the transaction. Accordingly, the transaction is usually conditional upon the due diligence stage being completed.