Director’s liability in insolvency – Due diligence defence & RVOs | Insights
The sheer number of cannabis insolvencies in Canada over the last five years has resulted in a number of unique issues being considered, not least of which is directors’ liability to the Crown for unremitted excise taxes. Section 295 of the Excise Act, 2001 (Canada) (“Excise Act”) imposes liability on corporate directors for a corporation’s…






