True or False: Corporate Lawyers need to be Securities Lawyers? Part 1

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.