M&A in Canada: Minority Shareholder Protections

The protections provided to minority shareholders under Canadian securities law are the subject of this Stikeman Elliott guide. Our discussion focuses on the key regulation in this area, Multilateral Instrument 61-101, which addresses the possibility of transactions that are abusive or unfair to minorities by imposing safeguards that may (depending on the scenario) include disclosure requirements, mandatory independent valuations and minority approval rights. Download: English (1.1 Mb), French (625.4 Kb)