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Canada - November 9 2012
Companies restructuring under the Companies’ Creditors Arrangement Act (“CCAA”) depend on a supply of critical products and services in order to continue operations during the proceedings.
Canada - August 13 2012
In Re LightSquared LP, the Ontario Court of Superior Justice [Commercial List] (the “Canadian Court”) refined the test for determining the location of a debtor’s center of main interest (“COMI”) under Part IV of the Companies’ Creditors Arrangement Act (the “CCAA”), which is the Canadian equivalent of Chapter 15 of the U.S.
USA - July 16 2012
On Tuesday, June 5, 2012 the Supreme Court of Canada heard an appeal of the Ontario Court of Appeal’s decision in Re Indalex Limited (“Indalex”).
Canada - June 18 2012
In the latest decision of the British Columbia Supreme Court (the “Court”) regarding the bankruptcy of Ted LeRoy Trucking Ltd. (“TLT”), the Court found that unpaid remittances owed by TLT to third party benefit providers constituted “wages” within the meaning of the Bankruptcy and Insolvency Act (“BIA).
Canada - June 5 2012
In the latest decision of the British Columbia Supreme Court regarding the bankruptcy of Ted LeRoy Trucking Ltd. (“TLT”), the Court considered the claims of the Forest Industry Health and Welfare Plan, the Forest Industry LTD Plan and Pacific Blue Cross which provided benefits for: life insurance, accidental death and dismemberment insurance and weekly indemnity benefits; rehabilitation services, a monthly benefit, continued health care and dental benefits, and BC MSP premiums; and dental and health care benefits, respectively to employees of TLT.
