Although 2020 may be behind us, the economic conditions and lockdowns caused by the COVID-19 pandemic still linger. With the emerging picture for Canada in 2021 looking to largely resemble that of 2020, many are wondering how long struggling businesses and their creditors can hold their breath while waiting for improved cash flows and customer demand.
Against this backdrop, we are pleased to share our first edition of Davies Restructuring Review 2021. In this issue, we analyze key issues and developments in the insolvency landscape one year into the pandemic, both within Canada and on a global scale. Among other topics, we offer an in-depth look at Canada's judicial and regulatory response, notable trends in CCAA filings and lessons to be learned from past crises.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.