Mondaq Canada: Insolvency/Bankruptcy/Re-structuring
Langlois lawyers, LLP
In its decision in Arrangement relatif à Métaux Kitco inc. 2017 QCCA 268, rendered on February 20th, the Quebec Court of Appeal upheld a Quebec Superior Court decision prohibiting Revenu Québec...
Blake, Cassels & Graydon LLP
Lightstream is a light oil-focused exploration and production company, operating primarily in Alberta and Saskatchewan.
McCarthy Tétrault LLP
The restructuring of Sanjel Corporation and its affiliates continues to provide interesting developments on the application and interpretation of the Companies' Creditors Arrangement Act.
Gehlen Dabbs
Filing for bankruptcy is never an easy option for small business owners. The decision can feel like a personal failure and may leave one unsure about the future.
Cassels Brock
Matthew Nied and Natalie Levine co-authored "Pre- Packaged Sales Transactions under the CCAA: Where are These Packages From, What do They Look Like, and Where are They Going?"
Gehlen Dabbs
Under section 70 of the Bankruptcy and Insolvency Act (BIA), when a debtor assigns into bankruptcy, or is adjudge a bankrupt by a court, and subject to the rights of secured creditors...
Borden Ladner Gervais LLP
The appellant in Konga had signed a personal guarantee of a corporation's obligations to the respondent bank.
Borden Ladner Gervais LLP
Court Lifts Statutory Stay of Proceedings Where Proposed Class Action Alleges Fraud Against Bankrupts
Borden Ladner Gervais LLP
​Royal Bank v Delta Logistics is a recent decision of the Ontario Superior Court of Justice. The first defendant, Delta Logistics Transportation Inc. ("Delta"), made an assignment in bankruptcy.
McCarthy Tétrault LLP
On January 25, 2017, the British Columbia Supreme Court rendered its decision in Tudor Sales Ltd. (Re), 2017 BCSC 119.
McMillan LLP
A recent decision of the British Columbia Supreme Court serves as a reminder to take special care when structuring commercial transactions where the counterparty is in financial distress.
Miller Thomson LLP
Sun Life intente en 2005, un recours contre Technique Acoustique en vue de récupérer les sommes qu'elle a dû débourser pour la réparation d'un immeuble construit par la débitrice.
Miller Thomson LLP
Suite à leur entente, le défendeur ne verse pas le second paiement à la défenderesse dont la créance n'est pas garantie.
Miller Thomson LLP
Indalex Limited (Indalex) était le constituant et l'administrateur de deux régimes de pension, soit l'un en faveur de ses employés (Régime Employés) et l'autre en faveur de ses employés dirigeants.
Gardiner Roberts LLP
Individuals faced with financial pressures and money problems understandably try to protect what little assets they may have left. In particular they want to protect the family home.
Cassels Brock
Despite there being no distinction of a true or finance lease for purposes of the requirement of registration under the Ontario Personal Property Security Act (PPSA), there is an important difference in cases of insolvency or default.
Miller Thomson LLP
La question en litige requiert de déterminer si malgré un plan d'arrangement sous la Loi sur les arrangements financiers avec les créanciers des compagnies (LCAA)...
Miller Thomson LLP
Certains créanciers s'opposent à l'homologation d'une proposition de Société de Gestion GLI inc.
Miller Thomson LLP
Chantiers Davie st en restructuration suivant la LACC et, à la veille de l'expiration de la suspension des procédures, l'acheteur identifié des éléments d'actifs se désiste.
McCarthy Tétrault LLP
It is well-established that Canadian courts have jurisdiction to approve a plan of compromise or arrangement under the Companies' Creditors Arrangement Act that includes releases in favour of third-parties.
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Blaney McMurtry LLP
Below are the summaries for this week's civil decisions of the Court of Appeal for Ontario. There were several family law decisions.
Borden Ladner Gervais LLP
Two recent decisions of Canadian courts have reiterated the critical requirement of clear language in contracts creating royalties where parties intend such royalties to be "interest in land,"...
Borden Ladner Gervais LLP
​Royal Bank v Delta Logistics is a recent decision of the Ontario Superior Court of Justice. The first defendant, Delta Logistics Transportation Inc. ("Delta"), made an assignment in bankruptcy.
Lawson Lundell LLP
Recently, a number of retail enterprises have availed themselves of the protection of the Bankruptcy and Insolvency Act and the Companies' Creditors Arrangement Act, Canada's insolvency statutes.
Gehlen Dabbs
Under section 70 of the Bankruptcy and Insolvency Act (BIA), when a debtor assigns into bankruptcy, or is adjudge a bankrupt by a court, and subject to the rights of secured creditors...
Blaney McMurtry LLP
When developing real property, sometimes it is necessary for a borrower to obtain funds from more than one lender.
Borden Ladner Gervais LLP
The appellant in Konga had signed a personal guarantee of a corporation's obligations to the respondent bank.
Gehlen Dabbs
Filing for bankruptcy is never an easy option for small business owners. The decision can feel like a personal failure and may leave one unsure about the future.
McCarthy Tétrault LLP
The restructuring of Sanjel Corporation and its affiliates continues to provide interesting developments on the application and interpretation of the Companies' Creditors Arrangement Act.
Gehlen Dabbs
In British Columbia, commercial landlords do not have a general right to re-enter the leased premises on the tenant's default. This right must be spelled out in the commercial lease.
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