I would characterize the special provisions in British Columbia's law dealing with business transactions as enabling or facilitating business transactions, by relieving businesses primarily of the obligation that would otherwise apply, to go back in each instance of a sale of a business or a substantial portion of a business and get consent from individual consumers, employees, customers, shareholders, senior management, and so on. It in fact relieves them of the consent obligation and tries to appropriately facilitate change of control, sale of assets.
On November 29th, 2006. See this statement in context.