The new BC Societies Act is coming into force on November 28, 2016, introducing major changes to the incorporation, membership and governance of all societies in BC. All societies must transition to the new act by November 28, 2018 or risk being dissolved by the registrar.
We have created an info piece and a breakfast roundtable event to help societies easily understand the upcoming changes and how to comply without disruption to operations. Check out this link to learn more and register for the event.
On Saturday at Kwantlen Polytechnic University’s Surrey campus, Lauren Liang presented to the Condominium Home Owners Association of BC (CHOA) for their Fall 2016 strata education program. Lauren spoke on a variety of statutes and regulations that affect strata affairs, including PIPA, Guide Dog and Service Dog Act, Builders Lien Act, Human Rights Code and the Occupational Health and Safety Regulations. Lauren will present again for CHOA this Saturday at Douglas College in Coquitlam.
Darren Donnelly is featured in Avison Young’s Fall 2016 Multi-Family Investment Report. Darren discusses recent changes to BC laws related to the dissolution of stratas. “Strata corporations are volatile creatures and great care must be taken to implement a process that is fair and transparent,” explains Darren. Read the full report to learn more.
Clark Wilson acted for Pure Industrial Real Estate Trust (PIRET) (TSX: AAR.UN) in closing its public offering of 26,875,500 trust units, on a bought deal basis, for total gross proceeds of $143,783,925. Vikram Dhir and James Speakman led the Clark Wilson team. See PIRET’s news release for more information.
On October 3, 2016, the Franchises Act and related regulations were approved by the BC provincial cabinet. The act and regulations are effective February 1, 2017, at which time all franchise parties must comply with the new requirements.
These requirements include stipulation that each franchisor granting or renewing a franchise unit located in BC must prepare a franchise disclosure document and deliver it to each prospective or renewing franchisee at least 14 days before any franchise or renewal agreement is signed.
To learn more, read our full Franchises Act article.
We are pleased to announce that Areet Kaila has been appointed Treasurer of the Taxation Law Subsection by the Canadian Bar Association, British Columbia Branch. This subsection covers law that imposes tax and establishes the manner in which taxation statutes are administered and enforced. Congratulations, Areet!
The Canadian Association of Gift Planners (CAGP), Greater Vancouver Area Chapter has launched their BC Executor’s Guide to Probate and Estate Administration. This guide is prepared as a resource for the Executor of an estate where a charity is a beneficiary of a gift under a Will. It was produced with the assistance of Raman Johal of Clark Wilson LLP and is sponsored by the CAGP Greater Vancouver Area Chapter as part of its LEAVE A LEGACY™ initiative in British Columbia. To order this guide, click here.
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.