Canadian Lawyer Magazine quotes Calgary laywers Brad Schneider, Jason Giborski and Paul Blyschak in an article on Alberta’s Business Corporations Act.
“They want to encourage foreign investment… and advertise to both Canadians and the world at large that this is where you should come if you are looking for a business-friendly jurisdiction, which is the reputation Delaware has as well,” says Jason Giborski, counsel at Fasken.
His colleague, Brad Schneider, a partner at the firm, agrees and adds the push to attract business registrations is part of the province’s goal to grow its overall economy.
“The Government of Alberta, over the last few years, has been looking to diversify our economy outside of just an oil and gas economy. One way we can do that is by attracting more private equity venture capital into the province and investing in areas like tech, for example.”
Despite revising its business rules, Giborski says the province hasn’t seen an uptick in registrations. While there can be several reasons, counsel Paul Blyschak suspects that Canadians and people doing business in Canada tend to forget that companies can be registered anywhere in the country, even if their operations or activities mainly occur in a different region or province.
