What is the standard of disclosure required of a Director when applying for an initial public offering (IPO) on a without notice basis?
British Columbia, Canada
The following excerpt is from Director of Civil Forfeiture v PacNet Services Ltd., 2018 BCSC 387 (CanLII):
Justice Davies discussed the Director’s standard of disclosure when applying for an IPO on a without-notice basis in Director of Civil Forfeiture v. Angel Acres Recreational and Festival Property Ltd., 2009 BCSC 322 at para. 26, aff’d 2010 BCCA 539 (“Angel Acres #2”). Davies J. stated:
"The most advanced legal research software ever built."
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexi.com.
Other Questions
Can a public statute, empowering public actors to accomplish public goals, alone give rise to a private duty between those public actors and a particular member of the public? (British Columbia, Canada)
What is the test for obtaining an initial public offering (IPO) in B.C? (British Columbia, Canada)
What is the standard of care required for a professional to be considered in determining whether a professional met the requisite standard for care? (British Columbia, Canada)
What is the standard of disclosure required by a judge at an extradition hearing? (British Columbia, Canada)
What is the difference between an initial and comprehensive settlement offer made by the respondent and a revised offer to settle? (British Columbia, Canada)
What is the duty of an employee dismissed from his or her employment without cause and without proper notice to mitigate their damages? (British Columbia, Canada)
What is the standard of disclosure required by the Canadian Medical Association in medical malpractice cases? (British Columbia, Canada)
What is the standard of care for a public carrier to avoid or prevent injury to a passenger by applying an emergency brake? (British Columbia, Canada)
What is the standard of disclosure required by a medical professional? (British Columbia, Canada)
In what circumstances will the Director of Directors of a Corporation be able to claim that a claim against the Corporation is based on an allegation that the Corporation has not paid the Director a fair share of the proceeds of litigation? (British Columbia, Canada)
