FIJ POV
25 Nov When Will An Estate Trustee Have To Personally Pay The Costs Of Litigation?
I have written before that accepting the role of Estate Trustee can be a headache instead of an honour. However, there can also be a downside such as having to personally pay litigation costs. This article will not cover all the circumstances and items for which an Estate Trustee may be personally responsible but will cover an example of when distrust and suspicion between trustees escalated and caused one Estate Trustee to be ordered to personally pay $30,000.00 of the legal costs of the other trustee.
21 May Small Claims Court Mandatory as of July 1, 2024
A crucial revision to section 23 of the Courts of Justice Act was slated to be enacted on a date specified by proclamation of the Lieutenant Governor. That date has now been confirmed: July 1, 2024....
13 Nov The Commitment Letter – A Road-Map to Successful Closing of a Loan Transaction
The completion of a commercial lending transaction is not always as straightforward as a borrower may hope. Borrowers often mistakenly believe that once a loan agreement or commitment letter is signed, funds may flow from the coffers of the bank to the account of the borrower in short order. Understanding some of the major steps that need to be completed between the signing of the loan agreement and the flow of funds will help to lessen the stress which may accompany these types of transactions.
09 Aug Construction Liens: What are they and how can they affect a residential homeowner?
The existence and concept of a construction lien is not new, however unless you are involved in the construction industry it is unlikely that you have ever had to deal with one. If you are considering having construction work done on your home or want to embark on the journey of building your own home, it is a good idea to familiarize yourself with what a construction lien is, what you can do to protect yourself from having a construction lien registered against the title to your property, and what to do if or when a construction lien is registered on title.
04 Jul AI & The Law: A Cautionary Tale
Discover the risks of relying on AI in legal research and assessment, the limitations, and biases it may introduce, and how to mitigate those risks with transparency and accountability....
29 May Mass Termination Ontario and Remote Workers
The pandemic has transformed how and where we work, with remote employment becoming the norm. But as mass terminations increase, remote workers face unique challenges. Our blog post explores the impact and proposed solutions, including 'Bill 79, Working for Workers Act, 2023.' Stay informed about...
16 Feb Commercial Lease: Vital and Approving Terms For Tenants
One of the largest and most overwhelming expenses of a business is rent. Consequently, a lot of business owners make mistakes when negotiating and conducting their commercial lease agreements. This is a result of unwanted expenses, obligations, and surprises that the tenant was not expecting....
01 Feb Ontario’s New Transparency Register
Ontario has recently amended the Business Corporations Act. Here's what you should know. ...
25 Jan Title Fraud – Are You Protected?
There has recently been a fair bit of media attention focused on title fraud. The stories speak about people “losing” their properties to fraudsters or finding out about mortgages that have been fraudulently registered on the title to their homes. Despite the seriousness of these...
01 Apr Amendments to the Ontario Corporation Information Act Annual Return
All corporations that are incorporated continued or amalgamated in Ontario, and all foreign corporations that are licensed to carry on business in Ontario, being subject to the Ontario Corporation Information Act Annual Return, are required to file an annual return with the Government of Ontario...
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