Canada: Insolvency/Bankruptcy/Re-Structuring

In One Bloor West Toronto Group (The One) Inc. (Re), 2026 ONSC 1854 (“One Bloor West”) the Ontario Superior Court of Justice helpfully confirmed the jurisdictional basis for...

On a motion to approve a holdback release order in One Bloor West Toronto Group (The One) Inc. (Re), (“One Bloor West”), the Ontario Superior Court of Justice (the “Court”) exempted the Monitor and chief restructuring officer from liability under certain tax legislation regarding the tax and withholding obligations of taxpayers’ representatives on distributions.

Several significant judicial decisions were released in 2025 that remain relevant to businesses, commercial lenders and restructuring professionals. This bulletin summarizes the key developments of 2025 and highlights areas of significance for restructuring professionals and market participants to monitor in 2026.

Section 69.3(1) of the Bankruptcy and Insolvency Act (BIA) imposes an automatic stay of proceedings upon bankruptcy. The provision prevents creditors from commencing or continuing proceedings to recover a claim...

In One Bloor West Toronto Group (The One) Inc. (Re), 2026 ONSC 1854 (“One Bloor West”) the Ontario Superior Court of Justice helpfully confirmed the jurisdictional basis for...

Ontario's class actions landscape shifted in Q1 2026 as five pivotal court rulings redefined certification standards, clarified the boundaries of cross-border evidence, and addressed the interplay between overlapping proceedings.