July 21, 2020 - In a unanimous decision, the Québec Court of Appeal (QCA) put an end to a controversy in the case law regarding the implementation of the receiver regime under the Bankruptcy and Insolvency Act (BIA) in Québec. The QCA confirmed that a secured creditor can have a receiver appointed under...
Davies Named to Global Restructuring Review’s Top 100 List
For the third year running, the Global Restructuring Review has named Davies among the top 100 law firms in the world in the areas of cross-border restructuring and insolvency.
Over the past year, Davies’ Financial Restructuring & Insolvency group has played a key role in many groundbreaking restructurings both within and beyond Canadian borders. Notable matters on which the team advised include acting for the monitor of the Urbancorp Group of Companies in proceedings under the Companies' Creditors Arrangement Act (CCAA), which were coordinated with insolvency proceedings in Israel via a first-time-ever court-approved “court officer-to-court officer protocol,” and acting for the monitor of Imperial Tobacco Canada Limited and its affiliated corporation in proceedings under the CCAA and Chapter 15 of the U.S. Bankruptcy Code.
The GRR 100 rankings are based on reputation, recent work and experience, as determined via extensive research and client review.
May 27, 2020 - As part of the federal government’s response to the COVID-19 pandemic, the Department of Finance recently published a draft legislative proposal, the Time Limits and Other Periods Act (COVID-19) (Proposal), that, if implemented, would provide for an automatic six-month suspension of...