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Insolvency Litigation Update - December 2017
  • Gowling WLG
  • United Kingdom, Canada
  • December 14 2017

In our update this month we take a look at three cases that provide helpful clarification from the courts on issues that will be of interest to the


Enforcing letters of credit: new law on location of debts
  • Gowling WLG
  • United Kingdom
  • December 6 2017

The Supreme Court has allowed an appeal by petroleum company Taurus Petroleum Limited against the State Oil Marketing Company of Iraq (SOMO). The


Guide to Doing Business in Canada: Bankruptcy & restructuring
  • Gowling WLG
  • Canada
  • October 14 2017

The economies of the United States (U.S.) and Canada are closely intertwined. As operations expand across the border, so


Pre-action steps to recovering debts from individuals - what businesses need to know
  • Gowling WLG
  • United Kingdom
  • May 10 2017

Businesses seeking to recover debts from individuals (including sole traders) will, from 1 October 2017, need to comply with the requirements of a new


Related parties to a borrower cannot be compelled to deliver subordination agreements
  • Gowling WLG
  • Canada
  • March 30 2017

Subordination agreements are fundamental to the structuring of financings involving a senior lender and the holders of any other junior debt of a


Family resemblance: When is a promissory note not a “security”?
  • Gowling WLG
  • USA, Canada
  • March 30 2017

For financing lawyers, the precise dividing line between the simple fluidity of financing law and the highly meticulous application of securities


Thinking of accelerating? Not so fast check your acceleration clause before speeding ahead to enforcement
  • Gowling WLG
  • Canada
  • December 15 2016

Lenders and their lawyers alike may take it for granted that, where a borrower misses a scheduled payment or some other event of default occurs, the


Finance litigation briefing October 2016: report and review on the latest cases and issues
  • Gowling WLG
  • United Kingdom
  • October 31 2016

The Court of Appeal has confirmed that a trustee in bankruptcy cannot compel a bankrupt to draw down payments from his personal pension where he had


Guide to Doing Business in Canada: Bankruptcy & restructuring
  • Gowling WLG
  • Canada
  • October 14 2016

The economies of the United States and Canada are closely intertwined. As operations expand across the border, so too do the complexities associated


Foreign exchange gains on debt-parking
  • Gowling WLG
  • Canada
  • August 30 2016

New rules have been proposed that would require accrued foreign exchange gains on a foreign currency debt to be realized when the debt becomes a