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Mitigating Financial Losses and Navigating the Courts During COVID-19 By Sean S. Carter and Heidi LeBlanc The COVID-19 pandemic has had a yet undetermined, but significant, impact on charities and NFPs. As the provinces, and Ontario in particular, move to new stages of the reaction to COVID-19, much of the initial emergency financial assistance and relief will likely soon come to an end. It is yet unknown what provincial and federal governments will do during these next stages, but it is almost certain that there will be ‘growing pains’ as both society and the economy start to slowly gear back up. Charities and NFPs, as well as businesses, will all need to carefully review how to mitigate the impact of COVID-19 on their organizations during this period. However, with proactive strategy and legal assistance, it is possible to minimize the risks and potential losses. This Bulletin reviews some of the strategies in this regard that charities and NFPs may want to consider in conjunction with their legal counsel, and provides an update on what is happening in the courts in Ontario during COVID-19. For the balance of this Bulletin, please see Charity & NFP Law Bulletin No. 476. |
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