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Top gascon.ca News

Montreal · Montreal

Optimizing Real Estate Financing: Mortgage Subrogation Explained - Gascon Et Associés: Montreal Law Firm

Optimizing Real Estate Financing: Mortgage Subrogation Explained In a real estate project, converting a construction loan into a long-term completion loan is a key step in ensuring the continuity and viability of financing. This article aims to clarify the mechanisms of mortgage subrogation, a legal and financial tool that optimizes financing conditions, notably by allowing a change of lender without resorting to a new mortgage. Definition Subro…Read Article

Reminder: Subrogation clauses relating to commercial leases during acquisition - An obstacle to anticipate - Gascon et associés: Montreal law firm

In May 2022, the Superior Court rendered its decision in Troll Immobilier Inc. v. Landry 1, a case that illustrates the crucial importance of reviewing the clauses in deeds of sale in commercial leases, particularly when lease terminations are contemplated post-closing. Indeed, the legal consequences can be serious. In this case, the plaintiff, Mr. Gagnon, president and sole shareholder of Troll Gestion Inc., is a pharmacist by profession 2. Aft…Montreal · Montreal Read Article

Cyber Loss Study 2024: Outlook for Canadian SMEs - Gascon et associés: Montreal Law Firm

Introduction NetDiligence® has released its 2024 Cyber Claims Study, analyzing over 10,000 cyber incident claims that occurred between 2019 and 2023. This study provides invaluable insights into the ever-evolving cyber risk landscape and its impacts on Canadian small and medium-sized enterprises (SMEs). As cyber threats continue to grow in number and sophistication, it is crucial for SMEs to understand these risks and implement effective cyberse…Montreal · Montreal Read Article

The Main Types of Directors' Liability - Gascon et associés: Montreal Law Firm

Although in many cases, particularly in small businesses, directors and shareholders are the same people, their duties and responsibilities are distinct. Unless there is a unanimous shareholder agreement, shareholders' liability is limited to paying the price of the shares subscribed for in the company. However, directors have several duties, obligations, and responsibilities. First, directors are required to act with prudence, diligence, honest…Montreal · Montreal Read Article

Important reminder for companies with 25 or more employees: francization obligations starting June 2025 - Gascon et associés: Montreal law firm

The adoption of the Act respecting the official and common language of Quebec 1 (hereinafter the “Act”) on June 1, 2022, aimed at strengthening the status of the French language in Quebec in all spheres, results in the modification of numerous provisions of the Charter of the French Language 2 , (hereinafter the “Charter”). Thus, as of June 1, 2025, Quebec businesses with 25 to 49 employees for a period of six months will now be subject to the o…Montreal · Montreal Read Article

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