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Crown Forest Utilization – Shareholder Agreements used with Sustainable Forest Licences (cont’d). – Part 3
- 2-19-2020
- By Pilot Law LLP
As part of the process of putting in place a Sustainable Forest Licence having multiple participants, the participants themselves enter into a shareholder agreement, setting out their respective rights and obligations vis-à-vis one another, as shareholders of the licensee, including their respective rights to share the benefits arising from harvesting timber on the Crown…
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The Contractual Framework of Crown Forest Utilization in Ontario – Shareholder Agreements for Multiple Stakeholders – Part 1
- 12-06-2019
- By Pilot Law LLP
Unlike in the United States and many other parts of the world, the forests of Ontario are largely owned by the government; in particular, the provincial government. Ontario or, more formally, “the Crown in right of Ontario” owns approximately eighty per cent of the Province’s forest lands. Furthermore, the Canadian…
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Forestry and the forest products industries have a long history in Canada. Canada has 347 million hectares, or nine percent of the world’s total forested area¹. In 2015, forestry sector exports represented nearly 7% of Canada’s total exports for the year2. Canada is a leading producer of newsprint, northern bleached…