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...
The Role of the Monitor and Its Impact on U.S. Restructurings
These are the three most frequent questions that our colleagues outside Canada ask when they face a Canadian restructuring under the Companies’ Creditors Arrangement Act (CCAA): Who is this monitor? What is its role? Who does it represent?
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...