TLA - True or False: Corporate Lawyers need to be Securities Lawyers
Many lawyers representing private companies in corporate transactions mistakenly assume that securities law does not apply to their practice. This is a friendly reminder that it does apply to all business transactions including:
- The issuance of shares from treasury, the transfer of shares
- The acquisition of shares, acquisition of control of private companies,
- Statutory procedures such as amalgamations, share buy backs, and any capital raising activities of private companies.
This is true regardless of whether the entity is a corporation, a limited partnership, a trust or a joint venture arrangement. Any structure where a securities regulatory authority determines that a “security” is involved in the transaction means that you must be aware of its impact.
Barbara Hendrickson will provide a road map to identifying securities law issues in your practice and ensuring that you provide your clients with the advice that they need to comply with Canadian securities laws.
Barbara Hendrickson, BAX
This program contains 1 hour and 45 minutes of Substantive content