Canada: Financial Restructuring

The Alberta Court of King's Bench recently appointed a receiver to facilitate foreign liquidators running a claims process to recover funds from "net winners" of a Ponzi-type scheme located in several different provinces in Canada. This decision illustrates a powerful tool available in cross-border insolvency proceedings to recover assets located in Canada, particularly where assets are held by individuals in multiple provinces and recovery may involve determination of common issues.

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.

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...

Ongoing market volatility has underscored the importance for lenders of periodically reassessing the clarity and effectiveness of their contract drafting practices, particularly in complex financing structures.

Following are our summaries of the civil decisions of the Court of Appeal for Ontario for the week of February 17, 2026.

The model Initial Order under the Companies' Creditors Arrangement Act (the "CCAA"), pursuant to section 11.02 of the CCAA, provides a stay of proceedings preventing any proceedings or enforcement processes...

Reverse vesting orders (RVOs) have become a mainstay in Canadian insolvency practice, especially in complex restructurings where buyers seek to acquire a company's valuable...

Toronto bankruptcy and insolvency lawyer Andrew Johnstone explains the key differences between secured and unsecured debt in Ontario and why those differences matter when it comes to repayment and recovery.