Canada: Financial Restructuring

The AI boom is creating unprecedented demand for GPUs, servers, power systems, cooling infrastructure, and other data center assets in Canada. As highlighted in the Equipment Lease & Finance Association’s (ELFA) recent article, as part of the data center “gold rush,” equipment finance has become a critical part of the capital stack supporting data center development, with lenders increasingly financing GPU-backed infrastructure and related technology assets. Canada’s cooler environment, expansive geography and access to abundant water and electricity in certain provinces, make the country a desirable location to build data centers.

A publicly listed REIT successfully restructured approximately $1 billion in defaulted debt through a CBCA plan of arrangement without filing for CCAA protection, demonstrating how corporate law mechanisms can serve as practical alternatives to formal insolvency proceedings. The Ontario Superior Court's decision in Re Ravelin Properties REIT also clarified that confidential restructuring negotiations do not necessarily trigger material change disclosure obligations for public companies.

Canadian businesses facing financial pressure from U.S. tariffs and countermeasures may experience covenant breaches and liquidity challenges. Understanding available remedies and engaging lenders early can preserve options and strengthen negotiating positions before defaults occur.

Cross-border restructuring and insolvency proceedings can be complex and challenging for international companies. This plain-language guide compares Chapter 11 of the U.S.

In a decision with significant implications for insolvency practice, the Court of Appeal of Alberta held that equity investors could commence proceedings under Section 11 of the Companies’ Creditors Arrangement Act...

The Supreme Court of Newfoundland and Labrador examined whether releases granted in CCAA proceedings automatically extinguish personal indemnity obligations, addressing the scope of director and officer releases in insolvency restructurings.

Mettez-vous en valeur. Les femmes ont tendance à diminuer l'importance de leurs succès. Reconnaissez la valeur que vous apportez et ne laissez pas le syndrome de l'imposteur prendre le dessus.

In the recent case of The Toronto-Dominion Bank (TD Canada Trust) v. His Majesty the King, 2026 FCA 25...

In honour of International Women's Day, the Blakes Restructuring & Insolvency group presents a special edition of the Blakes Sound Business podcast featuring reflections from three restructuring...