Canadian direct sales and multi-level marketing: Financial representation and disclosure
According to the Section 55 of the Competition Act, if operators of a multi-level marketing (“MLM”) plan wish to make financial representations to a prospective participant, fair, reasonable, and timely financial disclosure must also be disclosed. At its core, this requirement ensures a pros…
View the post titled Canadian direct sales and multi-level marketing: Financial representation and disclosureThe rise and fall of Quadriga, a Canadian crypto exchange Ponzi scheme
We may only be a few years away from a Netflix special on the Quadriga collapse. There would be plenty to fill a script in last month’s release of an investigative report from the Ontario Securities Commission, which found that Quadriga was a fraud and Ponzi scheme (the “OSC Report”). …
View the post titled The rise and fall of Quadriga, a Canadian crypto exchange Ponzi schemeBusiness Essentials – Episode 7: How intellectual property law affects your business
In Siskinds’ Business Essentials, a limited-run podcast series, Chris Sinal of Siskinds’ Labour & Employment group sits down with some of the firm’s business lawyers to discuss current issues and challenges facing our clients as they adapt to the new business environment resulting from …
View the post titled Business Essentials – Episode 7: How intellectual property law affects your businessUpdate: Realtors, treat yourselves fairly
In our previous blog post titled “Realtors, treat yourselves fairly”, we discussed Bill 145, Trust in Real Estate Services Act, 2019, which would provide realtors with the ability to incorporate a professional real estate corporation. Bill 145 received Royal Assent and has been made into law…
View the post titled Update: Realtors, treat yourselves fairlyOntario overhauls the Class Proceedings Act: Your guide to the complete list of changes
On July 7, 2020, the Ontario government voted to pass the most significant changes to the province’s Class Proceedings Act, 1992 in the entire history of the legislation. For the full picture of what the amended Act will look like, click on this updated version of the Class Proceeding Act, c…
View the post titled Ontario overhauls the Class Proceedings Act: Your guide to the complete list of changesIs it time to update the financial statements in your franchise disclosure document?
Financial Statement Requirements for Disclosure Documents Franchise legislation in Canada (currently in the provinces of BC, Alberta, Manitoba, Ontario, New Brunswick and PEI) contains a requirement that franchisors include financial statements for their most recently completed fiscal year. …
View the post titled Is it time to update the financial statements in your franchise disclosure document?Direct Sales in Canada: Understanding not for resale myths
The Not For Resale (“NFR”) distribution entry model to the Canadian market is acutely misunderstood. This discussion will outline the top 3 NFR “myths”, and explore potential legal risks multi-level marketing (“MLM”) businesses face. NFR is a Canadian importation rule Not For Re…
View the post titled Direct Sales in Canada: Understanding not for resale mythsOntario bans some commercial evictions
The Ontario government recently passed the Protecting Small Business Act, 2020, amending the Commercial Tenancies Act to temporarily halt or reverse evictions of commercial tenants and to protect those tenants from having their assets seized or being locked out during COVID-19. The restricti…
View the post titled Ontario bans some commercial evictionsTŝilhqot’in Nation wins 30-year battle
On May 14, 2020 the Supreme Court of Canada (“Supreme Court”) dismissed Taseko Mines Limited’s (“Taseko Mines”) application for leave to appeal a decision of the federal court of appeal. The decision of the Supreme Court resulted in the refusal of the approval for Taseko Mines $1.5-billion d…
View the post titled Tŝilhqot’in Nation wins 30-year battlePhysicians and dentists: The process of incorporating a professional practice
Physicians and dentists in Ontario are permitted to incorporate a professional corporation through which they may practice their profession. There are significant benefits associated with incorporating, and most professionals choose to take advantage of these benefits by establishing a medic…
View the post titled Physicians and dentists: The process of incorporating a professional practiceReceive Blog Posts
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