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National

First Capital board chair retires as REIT faces dissident unitholders

Don Wilcox Commercial Executives National Feb. 8 2023

First Capital REIT (FCR.UN-T), engaged in a battle for control with a group of dissident shareholders, announced two changes to its board of trustees including the retirement of chair Bernard McDonnell, to be succeeded by Paul C. Douglas.

Beware: Decisions raise major new weakness for commercial contracts

Daniel Waldman Commercial Legal National Feb. 7 2023

Recent court decisions may disrupt the enforceability of contracts (including real estate agreements), and not in a good way. They deal with entire agreement clauses, once considered a complete defence when one party tries to escape their obligations.

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