CORPORATE LAW

OVERVIEW

1.   What Is Corporate Law?

Corporate law is a very complex body of laws, rules and regulations which govern the formation and operation of corporations. This area of law regulates legal entities that exist to conduct their businesses and it prescribes the rights and obligations for all individuals involved in the formation, ownership, operation and management of the corporation.

The laws and rules that govern corporations exist to keep all corporations operating on a level playing field. They exist to make it easier for corporations to do business, to make things fair for everyone and to make sure corporations act in predictable ways that other individuals and corporations can rely on.

2.   What is a Corporation?

A corporation is a legal entity. A corporation can conduct business in its own name just like any
person can however it is important to note that a corporation is a separate legal entity from the
person or people who create it.

3.   Corporate Law and it’s relationship to Civil and Criminal Law

Corporate law is civil law. When there are disputes, the corporation’s officials can go to the
appropriate civil court in order to resolve the dispute. The laws the govern the formation and
operation of corporations are generally a civil body of law with civil remedies.

However, that does not mean that persons associated with corporations cannot face criminal
liability for fraud and other criminal acts. Corporations are liable for the acts of their agents for
both strict and absolute liability offences. Bill C-45 introduced new statutory provisions for
corporate criminal liability. This Bill contained extensive reforms designed to make it easier to
convict and punish corporations and other organizations for criminal offences

Sack (Q.C.) and Bogle Law has experience in many niche areas of Corporate Law such as the
opening and closing of corporations, corporate finance and banking.