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.
The Law Society of BC and the Canadian Bar Association BC Branch have jointly appointed Amy Mortimore to the Board of Directors of the Continuing Legal Education Society of British Columbia. By leading industry courses, programs and publications, the CLEBC mandate is to meet the educational needs of the legal profession in BC. Congratulations to Amy on her well-earned position.
In The Lawyers Weekly, Bernard Pinsky recently discussed financial advisors facing tough new rules. Bernard states that "it's going to make it quite a bit more expensive for brokers, dealers and advisers to do business because of the compliance requirements."
In a recent Advisor article, Bernard Pinsky discusses the CSA’s new proposals that, if adopted, may increase the cost of advisor services, leaving less return for investors and possibly amplifying the allure of cheaper online investing, explains Bernard. Read the full article to learn more.