Jan. 28, 2020 - The Supreme Court of Canada’s decision in 9354-9186 Québec Inc. v Callidus Capital Corporation unanimously overturned a unanimous decision of the Québec Court of Appeal. The Supreme Court’s decision, released on January 23, 2020, was issued from the bench with reasons to follow. The...
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?
Feb. 05, 2019 - In a landmark decision released on January 31, 2019, the Supreme Court of Canada (SCC) ruled in Orphan Well Association v Grant Thornton Ltd. that the environmental remediation obligations of a bankrupt oil and gas company must be fulfilled in priority over all other claims, including...