“Corporate secrecy makes Canada a haven for white-collar crime”

https://www.thestar.com/news/world/2016/12/07/report-corporate-secrecy-makes-canada-a-haven-for-white-collar-crime.html\ Transparency International (whose website describes them as a global civil society organization leading the fight against corruption..) is calling for a public registry of the real owners behind corporations.  According to them, it’s easier to incorporate a company in Canada than it is to get a library card (which I can attest to having […]

4.3 – Hercules Management

As I was re-reading and reviewing my notes, one theme that kept popping up is how troublesome this “fiction” of corporate personhood can be.  It feels a bit like the chicken and the egg.  Is “corporate personhood” a natural product of the legal analysis, flowing out of concepts like shareholder limited liability and the fact […]

Shadow Directors

Consider whether a corporation can be a “Shadow Director” of another corporation. From our notes we know that a “de facto” or “shadow director” is “a person in accordance with whose directions or instructions the directors of the company are accustomed to act”.  A “shadow director” can be distinguished form a “de facto director” because […]

Haughton and Nordile – inconsistent verdicts?

I’d like to begin this post with the caveat that I feel lost about 99% of the time that I’m doing my readings.  I’m one of the people that breathed in a GIANT sigh of relief when someone asked what the difference between profit and revenue was last week.  Shout out to whoever that was… […]