Category: Business Law

By Amrita Mann Conveyance is a generic term for any written document that transfers (conveys) an asset as a part of a business transaction. It includes transfer of property, real or personal, a provision of service, a charge on a property, a payment, and a judicial proceeding taken or suffered by an insolvent person. The… Continue reading Attacking Fraudulent Conveyances

Though not legal tender, a promissory note has the same utility, and  as it is an unconditional promise to pay subject to the fulfilment of a promise, it has substantial advantages over a contract, and offers far greater enforceable security for one’s debts. Ray Thapar analyzes this unique negotiable instrument A promissory note (PN) is a negotiable instrument… Continue reading More secure than a contract

By Puneet S. Kohli According to a Budget proposal announced in February 2014, the Canadian federal government will be eliminating the immigrant trusts regime under which persons relocating to Canada could utilize these trusts to reduce their tax burden. The draft legislation to implement this proposal was released on August 29, 2014. It had been… Continue reading Immigration Trusts

Media One Creative Inc. – a client of Simmons da Silva LLP won the Toronto Regional Board of Trade’s Business Excellence Award for the Under 30 category for 2014. At a gala event held November 6, at the Don Valley Hotel, Derek Rider, Corey Peck, and Media One Creative Inc. were presented with the award.… Continue reading Simmons da Silva LLP client Media One Inc. wins Toronto Regional Board of Trade’s Business Excellence Award

Ontario courts use oppression remedy statute and fraudulent conveyance legislation to assist creditors chasing runaway debtors ByRay Thapar As an entrepreneur, how frequently have you faced a situation where the business that you’ve been dealing with suddenly closes? Frequently? And, how frequently have you watched with mounting dismay and consternation that the business that just closed,… Continue reading A remedy against defaulting debtors

William Malamas, 75, had hoped the Supreme Court of Canada would hear his appeal of a lower court decision declaring him a “vexatious litigant.” By: Laura Kane News reporter, http://www.thestar.com/news/gta/2014/01/23/supreme_court_dismisses_request_for_an_appeal_by_vexatious_litigant.html

Judge finds missing Toronto lawyer Javad Heydary in contempt of court Drew Hasselback | 29/11/13 4:41 PM ET An Ontario judge has ruled that missing Toronto lawyer Javad Heydary are in contempt for failing to comply with a court order that he immediately turn over $2.1-million in client funds Glenn Lowson for National Post, files An Ontario judge… Continue reading Judge finds missing Toronto lawyer Javad Heydary in contempt of court

Lawyer probed over missing client funds JEFF GRAY – LAW REPORTER The Globe and Mail Published Wednesday, Nov. 27 2013, 7:10 PM EST Last updated Wednesday, Nov. 27 2013, 7:13 PM EST A Toronto lawyer is under investigation for allegedly misappropriating more than $3-million in funds kept in trust for a client and then leaving the country, the… Continue reading Lawyer probed over missing client funds