In the context of cross-border insolvencies, Canadian courts have consistently encouraged comity and co-operation with courts in other countries.

Cinram International Income Fund has sought and obtained protection under the "Companies' Creditors Arrangement Act" (CCAA).

The Cassels Brock Restructuring and Insolvency Group is pleased to present the 2012 Edition of Portable Canadian Insolvency Legislation for our friends in the restructuring and reorganizing community and for everyone else whose path might take them into the area of restructurings and insolvencies, particularly cross-border issues.

Arctic Glacier Income Fund (CSNX:AG.UN) (the "Fund") has obtained creditor protection from the Manitoba Court of Queen's Bench to allow its subsidiaries to continue normal operations as the Fund seeks new investors.

Are the directors of a corporation which has been placed into receivership entitled to retain counsel on behalf of the corporation without prior approval of the Receiver or the court?