The NEB has recommended that the federal government approve Kinder Morgan’s $6.8B project to carry oil from Edmonton to Burnaby at a rate of 890,000 barrels/day. The NEB made the recommendation contingent on 157 conditions, including a plan to offset greenhouse gas emissions. David Austin, interviewed by the Financial Post, said that this is a novel condition. Read the full article to learn more.
Don Sihota’s latest seminar--How to Buy or Sell a Business--will take place at our offices next Thursday, May 26, 2016 from 8:30 am to 1:00 pm. Don will be hosting private company business owners who are planning their exit strategy and others who are seeking to grow their business through acquisitions. Register now.
Pat Williams was acknowledged in the Advocate for his work with the BC Law Institute’s project committee on strata property law reform. The committee examines improvement in various areas, including cancellation of a strata plan, dissolution of a strata corporation, complex and leasehold stratas, common property, governance, insurance and land-title issues. Their goal is to aid in the development of strata property law in BC.
Insurance companies keep reserves for unanticipated events, such as fires, floods and storms, says Raman Johal in an interview with CBC News. However, the reserves start to dwindle or deductibles may increase in those areas that are more prone to natural disaster, explains Raman. Read the full article to learn more about the potential effects of the Fort Mac fire on the insurance industry.
We are proud to have been part of the Condominium Homeowners Association of BC’s 40th Anniversary AGM and Strata Symposium. Pat Williams, Veronica Franco, Allyson Baker and Lauren Liang presented a mock Annual General Meeting, which gave attendees insight into AGM best practices. We are happy to have participated in CHOA’s celebration and congratulate them on 40 years of advocacy and education for the strata community.
David Austin was interviewed for a Financial Post article on the Royal Dutch Shell Plc casting fresh doubt on BC LNG project due to funding. In the article, David states that you need customers, willing banks, and regulatory approvals for LNG.
On the subject of musician Prince dying without a will, Richard Weiland was interviewed by All In a Day on CBC Radio in Ottawa yesterday on the matter of dying intestacy (without a will). In the interview, Richard states that "if they die with a surviving spouse and young children, the estate is divided between the spouse and the young children but children under the age of 19 can’t hold assets in their own name", in that case, their share gets paid to the Public Guardian & Trustee, who then holds their share for them until they turn 19.
Clark Wilson welcomes Stephanie Mui as an associate with our Technology, Intellectual Property, Franchising and Private Company Transactions Groups. Stephanie has experience in technology licensing, franchising, trade-mark prosecution and general corporate commercial work. We are pleased to have her join our team.
April 10-16, 2016 is Make-a-Will Week in British Columbia. Clark Wilson and Leave Legacy™ are partnering to share daily articles on the importance of making your will. For more information, read here.
Clark Wilson represented Musqueam Indian Band, Squamish Nation and Tsleil-Waututh Nation (together, MST) in their successful negotiations to acquire the 38.8 acre parcel in West Point Grey known as the Province Jericho Lands. These lands are adjacent to the 55 acre parcel that MST co-owns with Canada Lands Company. Closings of the two parcels that comprise the Province Jericho Lands will occur in November of this year and November of 2017. The Clark Wilson team serving MST Partnership is led by Brock Johnston. Read the article to learn more.