TORONTO, Dec. 4, 2012 /CNW/ - From a global economic perspective, Canada
made it through 2012 relatively unscathed compared to many other
advanced economies. Growth has been modest but steady, thanks to the
lumber, auto and financial sectors, and Canada's policies and
responsible banking practices have shielded it from the global economic
crisis to a degree. Although the country has experienced some
encouraging prospects in foreign investment and job growth, the global
economic outlook remains volatile, and Canadian businesses face
increasingly complex and evolving regulatory, legal and compliance
requirements as they prepare to move into 2013.
"Relative to other parts of the world, the outlook for Canadian
companies is encouraging," said Sean Weir, national managing partner of
BLG. "As we look to 2013, however, we are expecting a number of
evolving and often stringent regulatory requirements, as well as
increased public scrutiny. By anticipating these complex regulatory and
business issues, companies can better prepare to ensure their long-term
health and protect their reputation."
With this in mind, the professionals from law firm Borden Ladner Gervais
LLP (BLG) have compiled the top 10 business issues with legal
implications for 2013. This is what they forecast:
Big data, big privacy concerns: Canadian businesses now face greater responsibility and increased
liability in how they deal with the storage, exchange and sale of
personal data - especially now that privacy commissioners are on the
case. Click here for more.
Pipelines, politics and people's choice will confound the oil and gas
sector: The medley of complications that come with oil and gas export is drawing
public attention and contributing to a "social license" that's becoming
more difficult to attain. No project will be under the radar in 2013
and public support will be a determining factor for success. Click here for more.
Riding out the pension storm: New forms of financing popping up on the pension landscape are affecting
the workforce and the bottom line. Significant legal change is soon to
follow. Click here for more.
What's "good" for Canada? Critics have complained the "net benefit test" for foreign investment
in Canada is opaque at best and politically driven at worst. Expect
greater pressure on our federal government to review and redefine the
benefits and barriers to these deals and how they impact the Canadian
economy. Click here for more.
Corporate Canada will hit the road looking for growth: With so many opportunities on the global stage, how Canadian companies
navigate other markets' emerging business and legal practices will have
a significant impact on the future players on the international stage. Click here for more.
The Free-Trade door will swing both ways: Canada is negotiating free trade agreements with multiple entities which
means more industry consultation and much more public controversy as
consumers feel the after-effects of the compromises made to be a part
of these deals. Click here for more.
Changing dynamics - a renewed focus on consumer activities: Consumer-facing businesses are subject to new and ever-changing
obligations - and ignoring them may have dire consequences.
Understanding the distinctive Canadian regime is crucial to avoid
unwelcome surprises. Click here for more.
Good governance or good grief: The activist investor will continue to gain steam and the role of the
board member will come under even greater scrutiny. A job that once
seemed like it might be a pleasant way to fill a few hours in
retirement will come with enormous responsibility, and enormous
liability. Click here for more.
A good news story about Canadian tax? As Canada's federal and provincial governments get more involved in
marketing Canada to the outside world and as more businesses seek new
opportunities globally, we should expect to hear more positive reports
about Canada's tax environment and the incentives for doing business in
Canada. Click here for more.
It's beginning to look a lot like…America? A more litigious environment is moving Canada in the direction of the
U.S. with more class actions and controversial financing structures. Click here for more.
About Borden Ladner Gervais LLP
Borden Ladner Gervais LLP (BLG) is a pre-eminent full-service, national
law firm focusing on business law, commercial litigation and
intellectual property solutions for our clients. With more than 750
lawyers, intellectual property agents and other professionals in six
Canadian cities, BLG assists clients with their legal needs, from major
litigation to financing and patent registration. For further
information, visit blg.com
SOURCE: Borden Ladner Gervais LLP
For further information:
For more information or to schedule an interview, please contact:
Ketchum Public Relations (for BLG)