Corporate dissolution will not protect former directors and officers from environmental liabilities

On December 10, 2016, Ontario’s Forfeited Corporate Property Act, 2015 (the FCPA), comes into force,1 along with related amendments to the Ontario Business Corporations Act (the OBCA).

Filed under:
Canada, Ontario, Company & Commercial, Environment & Climate Change, Insolvency & Restructuring, Litigation, Dentons, Corporate governance, Environmental remediation, Asset forfeiture, Dissolution (law)
Authors:
Aoife Quinn
Location:
Canada
Firm:
Dentons