January 26, 2011
Hyatt Regency Hotel
1255, Jeanne-Mance Street
Montreal, QC, Canada

Event participants:

Louis H. Séguin, Marc Novello

Me Louis Séguin will discuss the effects of the new Business Corporations Act on financing and securities.
The following topics will be addressed:

• Impact of the new Act on the Quebec market
• Abolition of the financial tests provided for by section 123.66 of the Quebec Companies Act
• Reformulation of other financial tests
• Questions relating to the corporate documentation required by lenders:
  • Must the complete articles be obtained?
  • Can these documents be obtained electronically?

Schedule

11:15 a.m. to 12:15 p.m.

 

Me Marc Novello will moderate this discussion and offer a lawyer's perspective in his analysis of various problematic issues that can arise when drafting credit agreements.
The following will be addressed:

• Different types of credit agreements; variations according to the nature and size of the borrower (large- vs. medium-sized companies)
• Overview of the most frequently missing or incomplete provisions for medium-sized companies
• Fluctuating interest rates: Should the terms of credit be renegotiated?
• Ratios and financial tests, fact or fiction?
• Why do financial institutes require security from financially stable companies?
• Some comments on derivative products, including permitted limits and mark-to-market calculations
• Anticipated effects of application of the IFRS standards
• Harnessing the costs of obtaining credit
• Analysis of Investissement Québec's role of non-traditional lender

Schedule

3:15 p.m. to 5:15 p.m.

RSVP at the Canadian Institute toll free 1-877-246-4832 or online www.institutcanadien.com/suretes.

Note that this conference will be addressed only in french.