The question of “When is a Deposit a Deposit?” is one of the two most significant ramifications of the risk of transactions collapsing. The second question is whether or not a seller may sue for damage. The two alternatives are not mutually exclusive, and the second option for home sellers is covered in this article. What property sellers may do…
The business attorneys at Sodagar & Company Law Corporation can effectively help you through a corporate restructuring. Estate Freeze Do you intend to sell your company in the near future? Or do you intend to transmit your business to your children in the coming years? If so, you should assess whether a freeze on your estate is a smart plan.…
Our attorneys specializing in trusts may assist you in establishing an alter ego trust or a joint partner trust. To ensure the trust is tax-efficient and advantageous to you, a tax lawyer provides independent guidance. About: Inter vivos trusts like alter ego and joint partner trusts allow you to transfer assets throughout your lifetime. After it’s set up, you’ll have…
Conflicts in the corporate world are almost unavoidable. It’s not uncommon to find significant variation in commercial practices and decision-making both across and within enterprises. In every workplace, partnerships may diverge, compensation disparities can grow contentious, and discrimination can tragically occur. Occasionally, commercial disputes like this may be addressed amicably, but often, they are more urgent and necessitate legal action.…
Thousands of couples opt to end their relationship each year in British Columbia. Ending a relationship is no easy process. It takes time to properly heal from a separation. After a year of separation, one of the least controversial reasons for divorce in British Columbia is marriage breakdown. The Supreme Court of British Columbia permits divorces based on marital dissolution.…
The steps of commencing an action can be complex, this article aims to offer some clarity about the main steps you should consider when commencing an action by notice of civil claim in British Columbia (B.C.). Choosing a Court Both the Small Claims Court and the Supreme Court of BC handle general civil law matters. Small Claims Court is for…
It is common knowledge that strata councils operate with the interest of the building in mind, not the interest of an individual owner. In a recent dispute, Nabeel Moallem, a lawyer at Sodagar & Company, overturned a strata council’s decision that an insurance deductible in the sum of $25,000 was due and payable by an individual owner. Our client was…
On February 19, 2020, the British Columbia (BC) government introduced Bill 7 – 2020: Arbitration Act (the “New Act”) to redefine and modernize arbitration proceedings in BC. By way of Order in Council, these changes will come into force on September 1, 2020, at which time the current Arbitration Act (the “Old Act”) will be repealed. Key Changes in the…
Conflict in commercial relationships happen, and the mechanisms chosen to handle these disputes should be given a sufficient amount of thought and planning. All too often, parties turn to litigation to resolve their legal disputes before considering other dispute resolution processes. One process that has become increasingly visible and relied upon as an effective alternative to pursuing litigation is arbitration.…