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According to the AER, the following measures are temporary, pending the earlier of the Redwater litigation or the implementation of appropriate regulatory measures.

On March 31, 2023, Canada's top court granted leave to appeal from the B.C. Court of Appeal's decision in Poonian v. British Columbia (Securities Commission) that a securities commission administrative penalty relating to fraud ...

When a client goes bankrupt, an unpaid supplier is often left with few remedies.

On July 15, 2015, the Ontario court granted an Order approving settlement of the Castor Holdings litigation.

Deciding not to advance any more money and shifting a debtor's account into the euphemistic and scary world of the bank's "Special Credit" department isn't a breach of a bank's credit arrangements.

On April 1, 2021, the Supreme Court of Canada dismissed an application for leave to appeal in the matter of Séquestre de Media5 Corporation, a judgment rendered last summer by the Québec Court of Appeal...

The case of Milot Law v Sittler, 2024 ABCA 39 arises from the DeMara Consulting Inc. tax evasion scandal. Heather and Sheldon Sittler (collectively, the Sittlers)..

The plaintiffs in the underlying action, Art and Wendy Douglas, owned property in Kingston where there was an oil leak in January of 2008.

In a recent decision, the Ontario Court of Appeal held that the sale proceeds of a property held in trust can be applied to a beneficiary's bankruptcy obligations.

In Chandos Construction Ltd v Deloitte Restructuring Inc ("Capital Steel") a strong majority of the Supreme Court of Canada affirmed the continuing relevance in Canada of the common-law anti...

As a commercial landlord, the effects of the COVID-19 pandemic may have left you facing a number of difficult challenges – including how to address tenant insolvency. Here are three strategies for...

In our last post, we discussed various acts that may be deemed as offences under the Bankruptcy and Insolvency Act (BIA).

Individuals faced with financial pressures and money problems understandably try to protect what little assets they may have left. In particular they want to protect the family home.

Cassels Brock developed this Lessons Learned series based on our experience with priority disputes between secured creditors and the realization that many secured parties make fundamental errors of law that cause them to lose priority in their collateral.

In the recent decision of Edmonton (City) v Alvarez & Marsal Canada Inc., 2019 ABCA 109, the Alberta Court of Appeal has concluded that fees and costs incurred by a court-appointed receiver should have priority.

The Supreme Court of Canada today released its highly anticipated decision in Iona Contractors Ltd. v Guarantee Company of North America, dismissing the application for leave to appeal by the Trustee in Bankruptcy of the bankrupt, Iona Contractors Inc.

Part II of the Construction Act ("Act") sets out statutory rights, in addition to lien rights, with respect to the financing and use of project funds in the construction pyramid. Specifically,...