We are pleased to announce that Raman Johal has been appointed as Chair of the Wills & Trust – Vancouver Subsection by the Canadian Bar Association, British Columbia Branch. This subsection is concerned with all aspects of succession law and practice including wills, probate and administration, testamentary and inter vivos trusts, mental competency as it relates to succession, estate planning and adult guardianship, and necessary ancillary areas such as the Income Tax Act and the Land Title Act. Congratulations to Raman!
With the publication today of its Consultation Paper on Complex Stratas, the British Columbia Law Institute’s Strata Property Law Project Committee is asking the public for its views on proposed reforms to the Strata Property Act and the Strata Property Regulation concerning sections, types, and phases. Our Pat Williams, the Committee Chair, explains, "Sections and types allow a strata corporation to manage cost sharing between groups of owners, while phases permit the development of a strata property in segments over an extended time." The consultation is open until January 15, 2017.
Lauren Liang's Your Estate Matters article was republished in ILN Estates International, a publication by the ILN Trusts & Estates Specialty Group. In the article, Lauren discussed the high evidentiary threshold to rebut the presumption of resulting trust.
The Specialty Group, co-chaired by Mark Weintraub, Q.C. in Vancouver and Marjorie Suisman in Boston, provides leadership and subject matter expertise on trends, best practices, and current regulatory and legal issues in trusts & estates matters. Its publication is circulated amongst law firms and their clients.
Clark Wilson would like to congratulate our lawyers, Diane Bell, Q.C., Veronica Franco, Mark Weintraub, Q.C., Geoff White and Pat Williams for being mentioned on the Continuing Legal Education Society of BC's Most Prolific Volunteers list from 1996 to 2016. They are dedicated volunteers and have participated in the areas of Alternative Dispute Resolution; Family Law; Strata Property; Estate Litigation; and Wills, Estates and Trust.
Societies need flexibility when managing incorporation, membership and governance matters. In response to this need, the legislation governing societies is changing. All BC societies must comply with the new Societies Act, which comes into effect November 28, 2016. We are prepared to help societies with their transition. To learn more, visit our Societies Act page.
Clark Wilson would like to congratulate our lawyers peer-selected for the 11th edition of Best Lawyers in Canada 2017: Diane Bell, Darren Donnelly, Brock Johnston, Peter Kenward, Neil Melliship, Amy Mortimore, Alex Petrenko, Bernard Pinsky, Chris Ramsay and Jeffrey Vicq. Best Lawyers is one of the oldest and most respected peer-review publications in the legal profession. Congratulations to all honourees.
We are pleased to announce that the Honourable Marion Allan has been re-appointed to Board of Directors of the British Columbia Law Institute. Marion serves as a representative of the Canadian Bar Association BC Branch. Her three-year term begins August 1, 2016. Congratulations to Marion.
Clark Wilson acted for Pure Multi-Family REIT LP (Pure) (TSXV: RUF.U, RUF.UN, RUF.DB.U; OTCQX: PMULF) in closing its bought-deal public offering of 4,884,000 Class A units, inclusive of 444,000 units issued pursuant to the full exercise of the over-allotment option, at a price of CDNS$7.64/unit, for gross proceeds of CDN$37.3 million. Vikram Dhir led the Clark Wilson deal team. See Pure's news release for more information.
Rosemary John was recently elected corporate secretary for the Mortgage Investment Association of British Columbia. MIABC is the leading professional organization within the mortgage lending sector in British Columbia. Congratulations to Rosemary on her well-deserved position.
Yesterday, BC announced that the property transfer tax for foreign buyers of residential property in the greater Vancouver region will increase to 15%. Sarah Jones explains that she cannot foresee foreign buyers challenging the tax because the "contract they signed into is not with the government." To learn more, read the full Vancouver Sun article.