Summary
Whether prosecuting or defending litigation, the associated
costs can be, and often are, significant. Any comfort that
might be drawn from the possibility of recovering an element of
those costs from the losing adversary may be qualified by the risk
of that losing party ultimately being unable to pay. For
those reasons, applying for security for costs, by which a party is
ordered to make a payment into court, or provide some form of
guarantee, as security for its opponent s costs, will be a
consideration for many litigants, and litigators, at some stage in
the life of a claim.
On January 14, 2021, Laurel Hill Advisory Group
(
Laurel Hill ) and Fasken hosted a
webinar on ESG (environmental, social and governance)
considerations of which companies should be aware for the upcoming
2021 proxy season. The webinar s panelists were David Salmon of
Laurel Hill and Emilie Bundock, Stephen Erlichman and Grant
McGlaughlin of Fasken and was moderated by Gordon Raman of Fasken.
Set out below are some of the comments made by the speakers on the
webinar.
Background
The importance of ESG considerations in today s corporate
governance model has developed over the past 50 years. In the early
1970 s the Milton Friedman view of corporations was the
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The frequent use of BVI companies in corporate and private
wealth structures is in part down to the flexibility and simplicity
of the company law regime.
This series of practical advisories on the uses of BVI companies
explores all stages of the company life-cycle – starting with
the modern, simple and flexible merger regime for BVI companies
under The BVI Business Companies Act, 2004.
The BVI Business Companies Act, 2004 (as amended) (the Act ) provides a modern, simple and flexible merger
regime for BVI companies, whilst also protecting shareholder and
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The Alberta Energy Regulator (AER) has announced all oil and gas
licensees will have to provide a financial summary in addition to
the existing requirement to provide financial statements in order
to maintain eligibility to hold oil and gas licenses. This change
is to be implemented through a proposed new edition of
AER
Directive 067: Eligibility Requirements for Acquiring and Holding
Energy Licenses and Approvals. The financial summary will be
in addition to the compliance history about the licensee, its
affiliates and directors and officers already required by
The Cypriot Government appointed the Registrar of Companies and
Official Receiver (the
RoC) as the competent
authority to keep the beneficial owners register concerning
companies and other legal persons.
While the creation of the beneficial owners register was
provided for under section 61Α(4)(a) of the Prevention and
Suppression of Money Laundering Activities Law of 2007, as amended
(the
AML Law), the Cypriot Government only issued
subsidiary legislation activating the register and appointing the
RoC as the competent authority in December 2020.
The 4
th AML Directive required EU Member States to
allow access to beneficial ownership information on corporate and
other legal entities in a coherent and coordinated way, through