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On July 7, 2008 specific provisions of the Insolvency Reform Act, 2005 and the Insolvency Reform Act, 2007 were proclaimed into force by Order in Council.

Lenczner Slaght, Canada's leading litigation firm, demonstrates its expertise across insolvency and restructuring law, commercial litigation, and dispute resolution.

The common law anti-deprivation rule is alive and well in Canada, the Supreme Court of Canada held in an 8-1 decision in Chandos Construction Ltd. v Deloitte Restructuring Inc., 2020 SCC 25 [Chandos].

Garnishment allows judgment creditors to intercept money owed to debtors by third parties, such as banks or employers. While this legal tool can be highly effective for debt collection in certain circumstances, it comes with procedural requirements, exemptions, and practical challenges that creditors must navigate. Understanding when garnishment works best and its limitations is essential for anyone seeking to collect on a judgment in British Columbia.

Commercial leases generally have detailed clauses dealing with the question of when a piece of equipment in a premises becomes a fixture or remains a chattel.

The case arose from a sale and lease back transaction between York Realty Ltd., as purchaser-landlord ("York"), and Surefire Industries Ltd., as seller-tenant ("Surefire") which closed on February 15, 2013.

With high interest rates and extensive market shifts, insolvency and bankruptcy are concepts on the minds of many, including commercial landlords.

Under Canadian tax law, directors of a corporation can be held personally liable for certain components of a corporation's tax debt which the corporation cannot pay, such as in the case of an insolvency.

In challenging financial times, corporations need to evaluate all tools available to restructure their debt obligations to reduce financing costs.

On February 12, 2019, the Court of Appeal of Alberta (Court) released its long-anticipated decision in Northern Sunrise County v. Virginia Hills Oil Corp. (Virginia Hills).

The Toronto-Dominion Bank (the Bank) loaned amounts to a new client (the Debtor), secured against a property of the Debtor (the Property).

The COVID-19 pandemic has resulted in court access in many jurisdictions being severely curtailed.

Welcome to the December edition of Blakes upRound, a regular publication from the Blakes Emerging Companies & Venture Capital (EC&VC)...

In Re: Village Green Lifestyle Community Corp. (2007) CarswellOnt. 654 (Ont. S.C.J.) an insurer provided commercial general liability and property loss insurance to a retirement community situated on 164 acres, containing a retirement home, conference centre, health retreat, medical lab, golf course, rental apartments and outdoor recreation grounds.

Canada welcomes international participants in its economy and business community. A focus of Aird & Berlis LLP is to represent international clients investing in Canada

So, why would you want to consider being a stalking horse?

On January 25, 2016, the Court of Queen's Bench of Alberta approved a Sales and Investment Solicitation Process (the "SISP") requested by the Receiver of Spyglass Resources Corp and several related companies ("Spyglass").