1. Introduction
In a previous article, we discussed the concept of ethical
awareness and the opportunity to consider a new business model
whose core purpose would be the promotion of social values.
In particular, we highlighted certain legislative efforts to
allow for the creation of companies that blend financial objectives
with societal benefits. This type of corporate structure, combining
profitability with the promotion of social values, takes various
forms depending on the jurisdiction.
In our opinion, an analysis of the various types of socalled hybrid companies is essential to pave the way for a
Quebec model for businesses with a strong social conscience. With
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Recently, Egypt has witnessed a remarkable increase in the
number of construction companies and their activities regarding
infrastructure and real estate development, and Egypt has declared
its need for private investment to take a larger role in this
sector.
The government is working on attracting investors and empowering
the private sector. This is a major step on the road towards
achieving urban expansion and improving the infrastructure as per
Egypt s 2030 vision.
Therefore, both Egyptian and foreign investors
are trying to be part of that profitable investment either through
Executive Summary
In recent years, the world has witnessed a number of political
and economic developments that have reshaped companies
business operations. A growing number of companies are seeking to
diversify their investment portfolios and supplier bases after the
impact of trade wars and COVID-19, with many having established or
considering establishing a presence Indonesia. However, companies
may be subject to compliance-related exposure in this jurisdiction
due to community-led protests leading to a potential increase in
interactions with government security agencies. If your company is
or may be facing such activity, it is well worth considering and
implementing precautionary measures in advance rather than taking a
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New guidance on automatic securities disposition plans (ASDPs)
published by the Canadian Securities Administrators on December 10,
2020 focuses on the reduction of the potential for improper insider
trades and enhancing transparency around the establishment and use
of ASDPs.
Automatic Securities
Disposition Plans (the Staff Notice) notably sets out the
following recommendations:
Oversight by the issuer when establishing and using ASDPs to
seek to ensure compliance with securities legislation and any
insider trading or internal policies of the issuer.
Establishment of a term for the ASDP that is sufficiently long
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Escrow is the term used when funds or assets are held by a
neutral, jointly-appointed third party on behalf of two contracting
parties, subject to a transaction being completed between them
(typically a contract of sale), until certain predetermined
obligations or conditions under the agreement have been met.
More simply put, an escrow account is a bank account with
defined conditions for the release of funds. Etymologically, the
word derives from the French word escroue, which refers to a scrap
or roll of parchment that served as a written instrument that could