Are Net Smelter Royalties Enforceable Against Québec Mining Properties?

This article first appeared on the website of Canadian Institute of Mining, Metallurgy and Petroleum.
Mining companies frequently offer royalties as part of property option or purchase deals. A net smelter return (NSR), through which the holder is typically paid a percentage of the value of production or net proceeds received from a smelter or refinery, is a popular type of mining royalty. But if the producer company goes bankrupt or the mine is sold, does the holder of the NSR retain the royalty as per its agreement with the company?

Continue reading

The New Voluntary Retirement Savings Plans Act

On December 3, 2013, Québec’s National Assembly adopted Bill 39, entitled the Voluntary Retirement Savings Plans Act (“Bill 39”). Beginning on July 1, 2014, the government will gradually phase in these new plans, called “VRSPs”, which will give more than two million Quebec workers access to a simple, low-cost retirement savings vehicle.

Continue reading

Unionization Campaigns: How Can an Employer Play its Role Without Running Afoul of The Labour Code Commandments?

The opening of a union certification campaign has significant impacts that will have long-term effects in a business, regardless of the outcome. The employer will now have an obligation to recognize the union that is certified as the sole representative of the employees covered by the bargaining unit, and so recognition establishes the framework for the employer’s relationship with employees.

Continue reading