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On April 27, 2023, Bill C-228, the Pension Protection Act (PPA), received royal assent and was proclaimed into force in Canada. Because the PPA fundamentally changes how pension obligations...

A discussion on the decision of the Supreme Court of Canada in the Indalex case.

The Corona Crisis leads worldwide to critical situations for companies.

In this presentation, Ross Walker and Kate Stigler outline the liabilities that face directors and officers of insolvent corporations.

Long before a loan is transferred to a lender's Special Loans group, bankers are asked to help their customers navigate impending financial downturns.

Preet also says that BTI may not influence a shift in Canadian law regarding the substance of directors' duties.

Major changes in the economy have caused multiple retail stores to shut their doors.

On February 1, 2019, the Supreme Court of Canada (SCC) released its highly anticipated decision in the Orphan Well Association v Grant Thornton Limited, 2019 SCC 5 (Redwater).

Yukon Zinc, owner of the Wolverine Mine in the Yukon, commenced restructuring proceedings in March 2015 under the Companies' Creditors Arrangement Act (CCAA).

The Court of Appeal of Ontario found in Toronto-Dominion Bank v. Konga that the interpretation of a guarantee is a question of mixed fact and law, entitled to deference on appeal. Further, for a guarantor to obtain a discharge from the guarantee, he must establish that the bank's demand caused the debtor's default.

Alberta's Bill 84, Business Corporations Amendment Act ("Bill 84"), which received Royal assent on December 2, 2021 and is expected to come into force in early 2022...

In this article written for Claims Canada, insurance defence lawyer, Anne Juntunen discusses Canada's first cyber coverage decision in The Brick v. Chubb.

Lightstream suggests that this jurisdiction will be sparingly exercised, and courts will decline to do so where ordering such a remedy would result in creditors manoeuvering for a better position.

The economic conditions caused by the COVID-19 pandemic are unprecedented: unemployment is up, consumer confidence is down, countless businesses have permanently closed and many others are barely holding

One of the most vexing commercial insolvency issues is the competition between creditors with security on environmentally troubled property and environmental authorities looking for deep pockets...

Learn how banks in Ontario approach debt matters where a defence appears strong on the surface but lacks true legal merit.

In this case, the Court of Appeal for Ontario explained the conditions under which a constructive trust remedy can be granted in favour of defrauded creditors after the fraudster enters into bankruptcy proceedings.

In Stomp Pork Farm Ltd., Re, ("Stomp Park Farm") the Saskatchewan Court of Appeal partially overturned orders granted from the Saskatchewan Court of Queen's Bench which approved debtor in possession financing ("DIP Financing").