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The city is flush with litigation lawyers, while Bay Street business law offices are leaving the field over conflict-of-interest fears ...Read the full article
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jim anchower from calgary, Canada writes: Cliff O'Brien sat on a board of directors? What a crock!
- Posted 20/06/08 at 5:32 PM EST | Alert an Editor | Link to Comment
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Rudy Krueger from High River, Canada writes: Once again the East is trying to over-lay its norms on the West. Our business traditions here are much more like our counterparts in the United States - Texas for example. One has to move fast or get trampled when building an economy. This stage went past Ontario a hundred years ago. Here and now enterprise (including major projects for major firms) goes through its stages of idea-innovation-production-decline-expiry in the time it takes a manufacturing firm of considerable size, to draw up a new year's fiscal plan. For example a firm disposing of marginal properties or acquiring the producing assets of a small operator - does not have the luxury of brick-mortar detail to examine during its diligence. At any offering of "land" (resource rights) deals are done on fuzzy issues with fuzzy parameters and terms. Well spacing, timing of drilling and development duties, land protection, reclamation ... Then there are the surface rights owners, neighbors ... complex mineral rights divisions that are based more on the theories of geologists than the concepts of natural justice. This "sort-it-out-later" mentality necessarily follows backwards into the supply community, regulatory world and so on. And it does create a sort of culture as well. People who are used to litigating at work are much less afraid of it in their personal lives.
- Posted 23/07/08 at 8:00 AM EST | Alert an Editor | Link to Comment
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