Franchise & Distribution Law

Proposed Changes to Ontario Employment and Labour Laws

EmploymentOn May 23, 2017, the Government of Ontario’s Special Advisors released their Final Report from the Changing Workplaces Review (Final Report) which outlines 173 recommendations to amend the Employment Standards Act (Ontario) (ESA) and the Labour Relations Act (Ontario) (LRA). In response to the Final Report, on June 1, 2017, the Government introduced Bill 148 – Fair Workplaces, Better Jobs Act, 2017 (Bill 148) which proposes certain amendments to the ESA and LRA. Continue reading

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Corporate / M&A Law, Franchise & Distribution Law

Getting the Deal Through – Mergers & Acquisitions 2017 – Franchise M&A

GTDT Mergers & AcquisitionsFranchise systems present a valuable investment proposition for both strategic and financial investors. The franchise business model as an expansion strategy has been on the rise across the globe for many years, and its growth together with its contributions to national gross domestic product (GDP) and job creation have outperformed other sectors and business models. Moreover, franchise systems have progressed well beyond traditional quick service restaurants to many other industries and sectors. Unsurprisingly, franchise businesses have increasingly become a focus for M&A deals, some of them large and complex. Take, for example, the recent Burger King C$14.6 billion acquisition and tax inversion involving Tim Hortons. Continue reading

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Franchise & Distribution Law

The Revenue Recognition Roller Coaster: Get Ready for the Ride

Lots of unexpected twists and turns await franchisors in this new ruling that is far from straightforward.

RollercoasterYou might think that you know all about the Financial Accounting Standards Board’s new Revenue Recognition Standard that will take effect in 2018 for public companies, and 2019 for private companies. Continue reading

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