Perspectives and analysis on Canadian bankruptcy and insolvency law
Articles: 1-10 of 40
The anti-deprivation rule in Canadian law: removing value from the insolvent’s estate
Canada - June 14 2021 In the matter of Chandos Construction Ltd v Restructuring Deloitte Inc, the Supreme Court of Canada issued a judgment on the anti-deprivation rule…
Alberta Court of Queen’s Bench rules that end-of-life environmental obligations are not always first in priority, in contrast to the landmark Redwater decision
Canada - April 29 2021 The recent decision of Justice B.E. Romaine of the Alberta Court of Queen’s Bench in Manitok Energy Inc (Re), 2021 ABQB 227 (“Manitok”) is another…
Set-off and claims that may not be compromised by a CCAA plan of arrangement
Canada - August 24 2020 In the matter of the Companies’ Creditors Arrangement Act (“CCAA”) of the S.M. Group, the Québec Court of Appeal rendered a ruling on the effect of…
COVID-19 Considerations from Our Bankruptcy & Restructuring Experts
Canada - March 17 2020 As governments impose restrictions on travel and more and more people are self-isolating and taking steps towards social distancing, the entire…
Firepower: Guidance on Whether Commissions Owed to Salespersons Are Held in Trust by a Business and Outside of Insolvency
Canada, USA - November 19 2019 In Firepower Debt GP Inc. v. TheRedPin, Inc., 2019 ONCA 903 (“Firepower”), the Ontario Court of Appeal recently affirmed a decision of Justice Penny…
Insolvency Amendments Now in Force Under the BIA and CCAA
Canada - November 1 2019 Extensive amendments to the Bankruptcy and Insolvency Act (“BIA”) and Companies’ Creditors Arrangement Act (“CCAA”) coming into force on November 1…
Restrictive BIA Appeal Provisions Continue to be Applied Broadly in Receiverships
Canada - October 24 2019 In a previous article, we discussed the Ontario Court of Appeal’s decision in Business Development Bank of Canada v. Astoria Organic Matters Ltd…
Alberta Court of Appeal confirms super-priority status of restructuring charges
Canada - September 4 2019 The ongoing priority dispute between deemed trusts created under federal “fiscal statutes” (being the Income Tax Act, the Canada Pension Plan Act and…
Les fournisseurs postdépôt ne bénéficient pas implicitement d’une priorité sur le produit de la vente d’actifs lors de procédures en vertu de la LACC
Canada - September 3 2019 La Cour d’appel du Québec confirme que les fournisseurs postdépôt impayés, qui n’ont pas demandé une sûreté judiciaire pour garantir leurs créances…
Post-filing suppliers do not implicitly benefit from any priority on the proceeds of sales of assets in CCAA proceedings
Canada - September 3 2019 The Québec Court of Appeal confirmed that unpaid post-filing suppliers, which had neither sought a court-ordered charge to secure their post-filing…
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