Latest Update

Updated Ontario Emergency Order Expands Temporary Relief for Shareholder and Director Meetings

May 05, 2020

Pursuant to Ontario Regulation 178/20 (the “Order”) made under the Emergency Management and Civil Protection Act (the “EMCPA”) on April 24, 2020, the government of Ontario expanded the temporary relief granted to Ontario corporations from certain provisions of the Business Corporations Act (Ontario) (the “OBCA”) in respect of shareholder meetings and director meetings. The Order amends a previous order made on March 30, 2020, which we summarized here: Relief from the Regulators - Shareholder Meetings during the COVID-19 Pandemic. As was the case with the initial order, the Order is retroactive to March 17, 2020, the date that an emergency was declared in Ontario under the EMCPA.

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