Canada: Insolvency/Bankruptcy

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Insolvency law and bankruptcy law articles, thought leadership, podcasts, videos and webinars from expert sources across the legal world. Explore insights covering topics surrounding financial restructuring, insolvency and bankruptcy.
Article
Cross-examining Receivers, Monitors And Trustees In Alberta Insolvency Proceedings: An Exceptional Remedy
Court-appointed receivers, monitors and trustees in Canadian insolvency proceedings hold a unique position as officers of the court. A fundamental question arises in Alberta practice: under what circumstances may parties cross-examine these court officers on the contents of their reports? Alberta courts have established clear principles governing when such examination is permitted and the stringent requirements parties must meet to justify questioning these neutral insolvency professionals.
Canada Insolvency
BL
Borden Ladner Gervais LLP
Article
Court Of Appeal Summaries (June 22 – 26, 2026)
This comprehensive summary examines three significant civil appeals decided by the Court of Appeal for Ontario during the week of June 22, 2026, covering breach of contract damages and mitigation obligations, bankruptcy costs appeals, and property rights-of-way disputes. Each case presents distinct legal principles regarding summary judgment procedures, appellate jurisdiction in bankruptcy matters, and the interpretation of historical property access agreements.
Canada Litigation
BM
Blaney McMurtry LLP
Article
Complex Restructuring With A Simple Solution? Understanding Director Releasees Under Governing Canadian Statues
As the restructuring landscape evolves, Canadian courts continue to balance both the Companies’ Creditors Arrangement Act (“CCAA”) and associated federal taxing statutes. Two Alberta decisions; Freedom Cannabis Inc. (Re), 2025 ABKB 272 (“Freedom Cannabis”) and Delta 9 Cannabis Inc. (Re), 2025 ABKB 52 (“Delta 9”), illustrate the carful balance that exists between two of these governing federal statues.
Canada Privacy
CW
Clark Wilson LLP
Article
Ready Player Three: Alberta Court Of Appeal Recognizes Equity Investor Standing To Initiate CCAA Proceedings
In its recent decision in Angus A2A GP Inc v Alvarez & Marsal Canada Inc (“Angus A2A”),[1] the Alberta Court of Appeal upheld an “unusual” set of proceedings under the Companies’ Creditors Arrangement Act (Canada) (“CCAA”) initiated by equity investors rather than the debtor companies themselves or creditors. The principal issue before the Court was whether such investors could qualify as “interested persons” capable of commencing CCAA proceedings.
Canada Insolvency
F
Fasken
Article
Alberta Court Of Appeal Confirms Equity Investors May Initiate CCAA Proceedings, Broadening Standing And Reshaping Strategy For Stakeholders.
In its recent decision in Angus A2A GP Inc v Alvarez & Marsal Canada Inc (“Angus A2A”),[1] the Alberta Court of Appeal upheld an “unusual” set of proceedings under the Companies’ Creditors Arrangement Act (Canada) (“CCAA”) initiated by equity investors rather than the debtor companies themselves or creditors. The principal issue before the Court was whether such investors could qualify as “interested persons” capable of commencing CCAA proceedings and, more broadly, whether the proceedings were consistent with the underlying purposes of the CCAA.
Canada Insolvency
F
Fasken
Article
The CCAA’s Reach Expands: Equity Investors, Foreign Companies And Solvent Companies
Can equity investors commence proceedings under the Companies’ Creditors Arrangement Act (CCAA)? Can CCAA relief extend to foreign companies with no business or assets in Canada? Can CCAA relief be granted against entities that are not insolvent? In a precedent-setting decision released on May 11, 2026, the Alberta Court of Appeal held, yes, yes and yes (in appropriate circumstances).
Canada Commercial
BC
Blake, Cassels & Graydon LLP
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