ARTICLE
31 March 2024

Real Estate Issues In An Insolvency (Webinar)

OH
Osler, Hoskin & Harcourt LLP

Contributor

Osler is a leading law firm with a singular focus – your business. Our collaborative “one firm” approach draws on the expertise of over 400 lawyers to provide responsive, proactive and practical legal solutions driven by your business needs. It’s law that works.
Elevated interest rates are affecting businesses in every sector of the economy, but perhaps none more so than real estate.
Canada Real Estate and Construction
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Elevated interest rates are affecting businesses in every sector of the economy, but perhaps none more so than real estate. The number of insolvencies impacting different real estate classes across Canada has increased over the last few months, and banks are upping their loan-loss reserves in the expectation of continued mortgage defaults and restructurings.

Alongside Al Hutchens, a managing director with Alvarez & Marsal, one of Canada's leading turnaround and restructuring advisors, Osler partners Tracy Sandler (Insolvency and Restructuring), Paul Morassutti and Matthew Ritchie (Real Estate) recently explored the real estate-specific issues that parties are likely to encounter in an insolvency. They also provided some helpful tips on how owners, tenants and landlords can navigate these issues to achieve the best possible outcome in a challenging time.

Topics discussed during their conversation include

  • legal options for restructuring or winding down business operations
  • benefits and requirements of a Companies' Creditors Arrangement Act (CCAA) filing
  • what's involved in the CCAA transaction process
  • how cross-border elements can affect proceedings
  • relevant provisions to consider when purchasing, assigning or taking assignment of a lease, including permitted uses, prohibited uses, personal rights and continuous use obligations
  • considerations when purchasing real property in an insolvency

Watch the full webinar

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.

ARTICLE
31 March 2024

Real Estate Issues In An Insolvency (Webinar)

Canada Real Estate and Construction

Contributor

Osler is a leading law firm with a singular focus – your business. Our collaborative “one firm” approach draws on the expertise of over 400 lawyers to provide responsive, proactive and practical legal solutions driven by your business needs. It’s law that works.
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