Recent Amendments to the Alberta Business Corporations Act

As a result of Alberta’s The Red Tape Reduction Implementation Act (RTRIA), two significant changes came into force on March 26, 2021 (retroactive to August 15, 2020) that affect all Corporations created under the Alberta Business Corporations Act (ABCA): Corporations are no longer required to have 1/4 of directors be resident in Alberta, and Agents for Service must be appointed for each and every Corporation. Removal of Director Residency Requirements Before these changes came into effect, any Corporation incorporated under

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Corporate Remedies

Working with business partners has its benefits, but it also has its challenges. It’s not unusual for small disagreements to bubble up with a business partner when dealing with the usual day-to-day stresses of running a business. But what happens if there is a more serious break-down in communication? What if your business partner wants to take the business in a direction you disagree with? What if your business partners try to squeeze you out of the business? In this

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Case Commentary: Aubin v Petrone, 2020 ABCA 13

Divorce with a Business The case of Aubin v Petrone, 2020 ABCA 13 (Leave to appeal to the Supreme Court of Canada denied.) is an important decision at the intersection of family law and corporate law that clearly demonstrates the application of fundamental corporate law principles in the context of family law. In this case, the Alberta Court of Appeal, the highest court in Alberta “pierced the corporate veil” and granted a spouse a security interest directly against the property of her spouse’s corporation to secure her equalization payment owing from her husband following their divorce.   To contextualize this application

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