Entries by C4 Communications

SALE OF AN IMMOVABLE: APPLICATION OF EXCLUSION OF LIABILITY CLAUSES IN THE CONTEXT OF VIOLATIONS OF PUBLIC LAW RESTRICTIONS

Some elements may be essential conditions for a purchaser when buying an immovable, whether with respect to the development of a portion of a building in rental housing or the occupation of a portion of a residential building for commercial purposes. However, municipalities have the power to restrict some of these uses through their regulations, […]

Important financings by the Fédération des caisses Desjardins du Québec

Audrey Robitaille represented the Fédération des caisses Desjardins du Québec in connection with two financings of $10 million and $15 million for land acquisitions for the upcoming construction of residential real estate projects of 486 co-ownership units and 1102 rental units located in Québec City. The mandates included drafting the securities as well as structuring […]

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SHORT-TERM RENTALS: IMPORTANT AMENDMENTS TO THE REGULATION RESPECTING TOURIST ACCOMMODATION ESTABLISHMENTS

Following an announcement by the Minister of Tourism on June 5, 2019, the Gazette Officielle du Québec published June 12, 2019, the draft Regulation modifying the regulation respecting tourist accommodation establishments (the “Draft Regulation” and the “Regulation”, respectively)[1]. According to the Minister, the update of the applicable regulations regarding collaborative accommodations, such as “Airbnb” and “HomeAway”, […]

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THE BENEFICIAL OWNERSHIP AND NEW CORPORATE OBLIGATIONS OF THE FEDERAL PRIVATE CORPORATIONS COMING INTO FORCE AS OF JUNE 2019

On June 13, 2019, new rules amending the Canadian Business Corporations Act (“CBCA”), regarding the identification of the beneficial ownership will take effect. Thus, federal private corporations will be required to maintain a register identifying the individuals with significant control of the corporation. The new provisions of the CBCA define an individual with significant control […]

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THE LEGAL CONSTRUCTION HYPOTHEC AND ITS SUBSTITUTE: AN OVERVIEW OF THE MAIN PRINCIPLES AND CHALLENGES FOR THE LENDER

The legal construction hypothec is a well-known mechanism for the guarantee of receivables offered to those who participated in the construction of a building. This hypothec is given a priority ranking on conventional hypothecs, which can be an aggravation for the owner of the building and its creditor. Conservation measures The legal construction hypothec exists […]

CUMULATIVE FINANCINGS TOTALLING $58 MILLION

Nicolas Lanthier acted as counsel to one of Canada’s largest private lenders on two real estate projects financings totaling more than $58 million. In this capacity, Nicolas Lanthier notably analyzed and put in place the guarantees granted by the group of borrowers in favor of the lender and issued a legal opinion as to their validity […]