ARTICLE
6 May 2025

Successfully Upheld A Motion Judge's Decision To Use The Court's Powers When Overseeing A Receivership To Assign An Insurance Contract Subject To A Consent Requirement For Assignment

CP LLP

Contributor

CP LLP is a Toronto business law firm with over thirty years of experience in complex transactions and disputes. CP LLP understands that time is of the essence when advising on business matters. The firm offers timely, flexible strategies, specializing in public and private financings, mergers and acquisitions, commercial agreements, tech and other intellectual property transactions and a wide range of commercial and business disputes.
Successfully responded to an appeal in the Alberta Court of Appeal (Export Development Corporation v MNP Ltd, 2025 ABCA 25 (CanLII)). The appellant sought to set aside the court at first instance's decision...
Canada Alberta Litigation, Mediation & Arbitration

Successfully responded to an appeal in the Alberta Court of Appeal (Export Development Corporation v MNP Ltd, 2025 ABCA 25 (CanLII)). The appellant sought to set aside the court at first instance's decision to assign claims under an insurance contract to a creditor over the insurers objection. Michael had the opportunity to share his unique insights in the legal magazine, Take Five Alberta (Feb 2025). "More than anything else," says Michael, "the Court of Appeal's decision ... continues the trend toward broad and permissive interpretation of court powers in overseeing commercial insolvencies..."

Issues:

  • Jurisdiction of the court when overseeing a receivership
  • Contractual assignment provisions
  • Harmonious application of insolvency regimes

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.

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