Key legal and regulatory developments driving and shaping M&A
Quebec’s abundant natural resources, European flair and preserved francophone culture sets the province apart from the rest of North America. The province attracts a slew of tourists, foreign companies and investors from all corners of the globe. Unlike other Canadian provinces, Quebec’s legal system is based on the civil rather than the common law system and has adopted the Civil Code of Quebec which governs property and civil rights in the province. Corporations and investors doing business in Quebec should be informed of Quebec’s legislative authority and the implications it may entail.
Our Doing business in Quebec publication provides a general overview of the primary corporate, labour/employment, consumer protection and privacy legislation that is applicable as well as tax considerations pertinent to any foreign businesses wishing to acquire or establish a business in the province of Quebec.
In May the FCA published ‘Consultation Paper 21/13: A new Consumer Duty’ (CP21/13). The consultation paper is significant as the FCA proposes to introduce a new “Consumer Duty” for financial services firms dealing with consumers.
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