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The article announces the annual Forty under 40 Awards, a signature awards program, and it reports that nominations are open for the upcoming cohort of Forty under 40 Awards, which will mark the program's 32nd year.

The Delaware Supreme Court recently reversed a decision by the Delaware Court of Chancery, upholding a "forfeiture-for-competition" provision in a limited partnership agreement. The provision allows a partnership to withhold certain payments from a partner who engages in competitive activities outlined in the agreement. The case involved Cantor Fitzgerald, L.P. and former partners who voluntarily withdrew from the partnership. The Delaware Supreme Court found that the provision was valid under Delaware's strong public policy favoring freedom of contract in the alternative entity setting. This decision provides reassurance that such provisions in alternative entity agreements will generally be enforced as written. However, the court did not address the enforceability of noncompete terms specifically, leaving questions about their standards and related issues for future cases. [Extracted from the article]

The article offers an in-depth critique of the political discourse surrounding the carbon tax in British Columbia and its broader implications. Topics include the political shifts and contradictions within the NDP; the actual impacts of the carbon tax, including the revenue-neutral framework that funded tax reductions and direct cash transfers to low-income families, which are often ignored by critics; and the failure of political leaders.

In a recent case, the Delaware Court of Chancery found companies in contempt for failing to comply with an order to advance expenses to the petitioner. The court denied the companies' subsequent motion to dismiss in favor of arbitration, stating that it was waived due to their delay. The court emphasized that traditional collection methods would not be sufficient in this case, as the petitioner would suffer irreparable harm if the companies did not pay. Additionally, the court held that an arbitration provision cannot deprive the court of subject matter jurisdiction over an action to enforce an advancement provision in a limited partnership agreement. [Extracted from the article]

The article focuses on the surging demand for meeting spaces in Vancouver, resulting in increased costs, and emphasizes the need for additional venues to address the scarcity. Topics discussed include the challenges of meeting space availability, the impact on costs, and the emergence of new and unconventional venues to meet the rising demand.

The article examines the application of the limited partner exception under Section 1402(a)(13) to partners in state-law limited partnerships, particularly in the context of self-employment tax implications. It discusses the Tax Court's analysis of whether partners designated as limited partners are truly limited in their roles within the partnership or if they are essentially acting as general partners.

The article focuses on the revisions made to Form 8308 by the IRS (Internal Revenue Service) in October 2023, which aim to enhance reporting requirements for sales and exchanges of partnership interests, particularly concerning "hot assets" like unrealized receivables or inventory items. It discusses the IRS's compliance campaign targeting partnerships' application of the limited partner exception in determining self-employment income.

The article discusses the Fastest-Growing Companies reception hosted by Business in Vancouver (BIV) to recognize the top 100 companies in British Columbia (B.C.) that have experienced exceptional growth. The event, sponsored by TD Commercial Bank, TD Insurance, and WELL Health Technologies, featured remarks from Hamed Shahbazi, the founder, chair, and CEO of WELL Health, which topped the list with significant revenue growth. The reception provided an opportunity for guests to network and celebrate the achievements of these companies. [Extracted from the article]

The article highlights new and refreshed meeting venues in British Columbia (B.C.) tailored for corporate events and retreats. Topics discussed include the versatile Wedge Mountain Lodge for team-building, the revamped Rosewood Hotel Georgia offering elegant event spaces, and the unique Sooke Harbour House with its historic charm and updated amenities.

Vancouver Mayor Ken Sim discussed his plans to address the province's top issue, focusing on cutting red tape and speeding permitting times for residential developments. The townhall discussion, sponsored by Jacob Bros Construction and presented in partnership with REW, allowed subscribers, business leaders, and industry experts to ask Mayor Sim questions about housing and future real estate development in the city. Mayor Sim also mentioned the city's exploration of Bitcoin and confirmed his intention to run for re-election. [Extracted from the article]

The article discusses a panel discussion on navigating global trade amidst geopolitical uncertainty, featuring leaders from industry, government, and policy backgrounds. The event, hosted by BIV and presented by Export Development Canada (EDC), included discussions on B.C. businesses' strategies in the current global trade landscape. The article also mentions the announcement of BC Export Award finalists, who will be celebrated at an awards luncheon in January. Attendees at the event engaged in conversations about geopolitics and trade opportunities in British Columbia. [Extracted from the article]

A patent has been issued for a product dispensing system by DEKA Products Limited Partnership, designed to monitor flow conditions of fluid in a product container through a solenoid pump. The system includes components such as solenoid pumps, PWM controllers, current sensors, and a control logic subsystem to ensure efficient operation and detect issues like a Sold-Out condition. This innovation aims to improve the flexibility and functionality of processing systems for creating various products. [Extracted from the article]

The article focuses on the current state of the multifamily housing market in Western Canada, particularly in British Columbia (B.C.), where sluggish housing starts and regulatory challenges are causing concerns for investors and developers. It states that despite long-term fundamentals and growing demand for multifamily units, housing starts per capita in B.C. remain below pre-pandemic levels, with Alberta showing stronger growth.

The article discusses the recent changes in British Columbia's employment and export sectors. In October, the province saw a growth in employment for the first time in five months, with a notable increase in part-time jobs. It states that the unemployment rate fell slightly, but year-over-year growth remained modest compared to the national average.

The article discusses how real estate marketers are using advanced technology, such as virtual reality, augmented reality, and artificial intelligence, to enhance property marketing and drive sales. It highlights how digital content, including immersive experiences and online videos, is used to attract buyers, educate them, and engage with potential clients across platforms like YouTube, TikTok, and Meta.

The article offers an overview of Newmont Corporation's growing presence in British Columbia, positioning the U.S.-based gold miner as a key player in the province's mining sector. Topics include Newmont's substantial investments in B.C.; the company's ambitious plans for long-term investments; and Newmont's recent acquisition of Newcrest Mining.

Just a few short years ago, every private equity firm needed a "China strategy." Rhodium Group says a growingshare of EU, U.K., U.S. and Japanesefirms do not plan to increaseinvestment in China in the comingyears, and points out that geopoliticsis not the only driver of moves todisinvest, or at least diversify awayfrom China. Washington's increasing restrictionson China-based investors puttingmoney in the U.S. has long raised fearsthat even having a Chinese investoron board in any new PE deal maystruggle to get approval. [Extracted from the article]

The article discusses the success of Luxembourg's special limited partnership (SCSp) structure, which was introduced as a result of amendments made to the country's commercial company law. The SCSp was designed to attract the US and UK fund industries by offering a flexible and lightly regulated partnership model. After a decade, the SCSp has become the second-most utilized company form in Luxembourg, solidifying the country's position as a leader in the global fund industry. This success demonstrates Luxembourg's ability to adapt and innovate, making it an attractive destination for fund managers and investors worldwide. [Extracted from the article]

The Financial Industry Regulatory Authority (FINRA) fined Rudy Mejia Jr., CEO of Nickel Hayden Advisors, $10,000 for involvement in the sale of limited partnership interests without disclosure to his former employer. Mejia, a West Point graduate and former U.S. Army captain, co-founded a pooled investment fund and executed transactions without permission. He was suspended from associating with any FINRA member firm for eight months. Mejia introduced the investment opportunity to friends and family, received performance fees, and did not respond to requests for comment. [Extracted from the article]

The article discusses a new initiative led by LOCO BC, a Vancouver-based non-profit organization, aimed at improving commercial space affordability for small businesses in British Columbia's urban areas. Topics discussed include the challenges faced by small business owners, such as rising property taxes and gentrification, the collaboration between various stakeholders to find solutions, and the ongoing debate over potential rent control measures in the region.

The article highlights the emergence of West 4th Avenue in Vancouver as a vibrant retail destination for smaller, high-end retailers and global brands testing their market presence. Topics discussed include the successful openings of stores like Lojel and Monos, the appeal of the area for new and established businesses, and the ongoing redevelopment plans that promise to enhance the shopping experience along the avenue.

The article discusses the significance of the Haida Agreement, which affirms the Haida Nation's ownership of Haida Gwaii. The author emphasizes that this affirmation is not a new concept, as Haida law has always coexisted with other legal systems. The article also addresses the politicization and fear-mongering surrounding the agreement, highlighting the need for courage and reconciliation. It concludes by emphasizing the importance of continued work towards reconciliation and the creation of a shared path for long-term prosperity. [Extracted from the article]

The article discusses the importance of businesses in honoring Truth and Reconciliation in Canada. The National Day for Truth and Reconciliation, observed on September 30th, is a day dedicated to acknowledging the impact of residential schools on Indigenous communities and promoting healing. Businesses can actively participate in reconciliation efforts by educating themselves and their employees, forming partnerships with Indigenous communities, and incorporating reflective practices into their business practices year-round. Telus is highlighted as an example of a company that embraces reconciliation through various initiatives. The article emphasizes the need for businesses and individuals to take meaningful action in order to contribute to a more inclusive and just Canada. [Extracted from the article]

This article provides a list of the biggest businesses in Burnaby and New Westminster, ranked by the total number of employees in British Columbia. The top three businesses are TransLink, Paladin Security Group Ltd, and Simon Fraser University. The list includes a variety of industries such as public transportation, security, education, and municipal government. The information was obtained through interviews with the companies and BIV research. [Extracted from the article]

VodaSafe, a Vancouver-based company founded by Carlyn Loncaric, has developed the AquaEye, a handheld intelligent sonar device that revolutionizes water rescue and victim recovery missions. The AquaEye uses sonar and artificial intelligence technology to quickly identify humans underwater, reducing search times by 87% and allowing first responders to search nearly half a hectare of water in just one minute. The company has sold over 1,000 units in 48 countries and is seeking to raise $5 million to expand its operations. Loncaric, a former lifeguard and swim instructor, advises female entrepreneurs to surround themselves with supporters and mentors. [Extracted from the article]

John Rustad, the leader of the BC Conservative Party, is experiencing a surge in popularity and could pose a serious challenge to BC NDP leader David Eby in the upcoming election. Rustad, a 61-year-old Prince George native, never aspired to be a party leader but has seized the opportunity presented to him. His success can be attributed to a combination of factors, including the brand recognition of the federal Conservatives, the mismanagement of the former BC United party, and the realignment of a right-wing coalition behind his party. Despite facing criticism for controversial positions held by some Conservative candidates, Rustad remains focused on winning the election and has urged caution to his candidates, advising them to fight for every vote. [Extracted from the article]

This document provides a list of non-government investments in British Columbia's life sciences sector in 2023. The investments include public equity, public debt, series C, seed financing, and convertible debt. The companies that received investments include Alpha Cognition Inc., BetterLife Pharma Inc., Clearmind Medicine Inc., Aequus Pharmaceuticals, and many others. The total value of the investments ranges from $11,261 to $465,750,105. This information was provided by Novateur Ventures Inc. [Extracted from the article]

This article provides a snapshot of British Columbia's biotechnology therapeutics sector, showcasing the companies and their technologies in developing medicines and molecules. The graphic includes active partnerships and deals with global pharmaceutical companies, with a total deal value exceeding US$15 billion. The most recent mergers and acquisitions include Chinook Therapeutics' acquisition by Novartis for US$3.2 billion and Sierra Oncology's acquisition by GSK for US$1.9 billion. Partnerships in various disease areas, such as cancer, infectious disease, neurology, autoimmune, and endocrine/metabolic, are also highlighted. [Extracted from the article]

The article discusses the activities and achievements of the Life Sciences British Columbia (LSBC) organization in 2024. LSBC has over 250 members and has organized more than 25 events with over 180 speakers and 2,600 attendees. They also have a significant online presence with over 4,100 newsletter subscribers, 24,500 social media followers, and 110,000 website visits. The organization has been involved in various initiatives, including promoting sustainable anchor companies, hosting a Digital Health event, and leading a delegation of BC-based organizations at BIO 2024 in San Diego. [Extracted from the article]

At LSBC’s 2024 Career Connect Day, which hosted over 400 attendeesLSBC’S 2023 Invest in BC event attracted over 50 investors from across North America, along with several trade commissioners and other key stakeholders In February 2024, LSBC released a Labour Market Intelligence study with growth projections and talent recommendations for the sector 2023 LSBC Award winners with the organization’s president and CEO Wendy Hurlburt Life Sciences BC 2023- 24 Continuing to build the fastest- growing life sciences sector in Canada [Extracted from the article]

British Columbia's life sciences sector is experiencing significant growth and is considered a global leader in the field. The province has a thriving ecosystem with a rapidly growing GDP that outpaces the overall provincial economy. The sector employs a large number of British Columbians, including those in health technology and digital health subsectors. The province is focused on supporting the scale of life sciences companies and nurturing a competitive talent and training ecosystem. Digital health is a key focus, with initiatives to improve patient access and speed using locally developed digital tools and AI. The biotech subsector alone has attracted billions of dollars in private-sector investments, establishing a strong foundation for expansion. Life Sciences BC is committed to supporting the sector's growth and innovation. [Extracted from the article]

Canada's life sciences sector is experiencing a renaissance, with significant investments being made to strengthen biomanufacturing and life sciences capabilities. Canada's strategy focuses on effective governance, research and talent development, sector growth, building public capacity, and establishing top-tier regulatory and clinical trial systems. The strategy has already attracted investments from global leaders and has benefited British Columbia through key investments in biologics and biomanufacturing. Canada is also actively engaging in international partnerships to enhance biomanufacturing capabilities and promote global health security. The country's commitment to innovation and partnerships positions it as a global leader in biomanufacturing and medical innovation. [Extracted from the article]

British Columbia is experiencing rapid growth in its life sciences and biomanufacturing sector, making it the fastest-growing sector of its kind in Canada. The province is home to over 1,000 companies employing a significant number of people. The government has implemented a Life Sciences and Biomanufacturing Strategy, focusing on improving talent access, supporting local companies, increasing biomanufacturing capacity, expanding clinical trials, and commercializing research. The government has invested over $100 million in funding and leveraged additional federal funding and private investment to support the sector's growth. These investments are generating advancements in fields such as bio-printed tissue therapeutics and creating new job opportunities. The government is also investing in training facilities and tech-relevant learning spaces to develop a highly skilled workforce. The province aims to foster a thriving and collaborative life sciences ecosystem, providing opportunities for creators, scientists, entrepreneurs, researchers, and visionaries. [Extracted from the article]

The article details the commencement of early work on the Prince Rupert Gas Transmission (PRGT) pipeline, a significant new project backed by the Nisga'a First Nation and Western LNG, which aims to support the Ksi Lisims Liquefied Natural Gas (LNG) facility. Topics discussed include the pipeline's route changes and environmental assessments, the involvement and reactions of First Nations communities, and the project's anticipated challenges and timelines.

The Court of Chancery, however, noted that whether the Conditioned Payment Device is a damages provision enforcing a promise not to compete or a condition triggered by breaching a promise not to compete, "the underlying promise must be enforceable." In a recent Delaware Court of Chancery opinion, the Court of Chancery considered the tension between employment law and partnership law, in the context of non-compete provisions set forth in a partnership agreement. [Extracted from the article]

The article lists real estate deals of 2021 ranked by total value of the deal which includes Mayfair Shopping Centre purchased by Central Walk, Brighouse West Business Park by Keltic Canada Development Co Ltd., 7000 Lougheed Hwy by Create Properties Ltd.