June 21, 2021 - The Commercial List of the Ontario Superior Court of Justice recently granted an order structurally similar to a reverse vesting order in the receivership proceedings of Vert Infrastructure Ltd. (Vert). This first-of-its-kind order was granted on the motion of Vert’s receiver, KSV Restructuring...
Q2 2021 Insolvencies: Crunching the Numbers and Keeping Good Faith
Davies Insolvency Now, Issue 3
Most of us have stopped asking, “When will it be over?” and have started wondering how we can live with COVID-19 – and how it will change our behaviour from now on. In the context of restructuring, as we saw during the recent Canadian federal election, bankruptcy and insolvency have become topics of increased interest in political and wider circles. This might mean we can expect a greater focus on regulatory reform in this area.
In this issue of Davies Insolvency Now, we turn our focus to one such legislative reform: the good faith amendment, which we are seeing in a range of our insolvency files. We also analyze insolvency statistics from the second quarter of 2021 to take a closer look at how businesses fared as Canada ended most of its lockdowns and vaccines were shipped across the country.
Check out the previous issues:
- Issue 1: The Insolvency Landscape One Year into the COVID-19 Storm
- Issue 2: Emerging Trends for the Short and Long Terms
Davies Insolvency Now is a quarterly publication that analyzes key trends and developments in the insolvency and restructuring community.
June 17, 2021 - Canada’s economy has continued to fare surprisingly well since we published the first issue of our 2021 Restructuring Review in March, despite continuing pandemic restrictions. However, insolvency-related concerns, such as long-term unemployment and the continued struggles of locked-down...