Right of first refusal versus right of first offer
Shareholder agreements can be drafted to allow business partners in private corporations to sell their shares whenever they want while protecting the remaining owners, says Toronto business [...]
Include piggyback, drag-along clauses in shareholders’ agreements
When a shareholder wishes to sell their shares to a third party, piggyback and drag-along clauses in the shareholders’ agreement can help prevent a deadlock, says Toronto business lawyer Anton [...]
ADR clause preempts time, cost of shareholder litigation
There are several benefits to including a dispute resolution mechanism within a shareholders’ agreement, says Toronto business lawyer Anton Katz. “Shareholders’ agreements are very lengthy [...]
Disability clause important part of shareholders’ agreement
A well-drafted shareholders’ agreement should include provisions specifying what will happen in the event of disability, says Toronto business lawyer Anton Katz. If there are no buyout rights or [...]
Shareholders’ agreement should account for divorce
When it comes to protecting a business from a triggering event such as a marital breakdown, it’s worth reviewing the different approaches when drafting a shareholders’ agreement, says Toronto [...]
Restrictive covenants protect against misuse of corporate info
While a unanimous shareholders’ agreement devotes most of its contents to what happens during the life of a business relationship, certain clauses deal with putting restrictions on departing [...]
Valuation clause important part of shareholders’ agreement
A shareholders’ agreement that doesn’t contain a valuation clause could create uncertainty and even animosity among parties if an evaluation of shares is required later on, Toronto business [...]
CBCA disclosure requirements in force as of June 2019
Amendments to the Canada Business Corporations Act (CBCA) that require a company to disclose the identity of its shareholders may lead to more businesses incorporating provincially, Toronto [...]
Thinking about suing your business partner?
Small business owners have to juggle many competing demands in order to succeed. If you are a Toronto small business owner considering litigation against your business partner, you may wish to [...]
Fire Away: The Employment Law Show S1.Ep9. | The Sale of a Business
Anton appeared in Season 1, Episode 9 of Fire Away: The Employment Law Show | The Sale of a Business. In this episode, Anton and Stuart Rudner discuss the sale of a business; what that means for [...]
A shareholders’ agreement at outset can avoid messy litigation later
A recent case underscores why it’s crucial to understand what each party’s expectations are and what pre-existing business relationships they bring to the table when drafting a [...]
Buyout provisions valuable to retain control of shares
A shareholders’ agreement should almost invariably deal with buyouts as a way to control who owns shares in the event of certain circumstances, Toronto business lawyer Anton [...]
Consider classes of shares to confer different rights, privileges
When structuring the share provisions of a corporation, “there is no limit on creativity other than your imagination,” Toronto business lawyer Anton Katz tells AdvocateDaily.com. He says [...]
Best time to draft shareholders’ agreement is during incorporation
Timing is of the essence when it comes to drafting a shareholders’ agreement as deferring it may later put a corporation at risk of uncertain and costly litigation, Toronto business [...]
Annual OBA Foundation debate tackles #MeToo campaign
Join the OBA Foundation on June 6 for its third annual debate, where two seasoned legal minds will tackle the question: does ending a culture of impunity justify suspending the presumption of [...]