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...
Two Davies Partners Selected as Restructuring Thought Leaders by Who’s Who Legal
Davies’ Financial Restructuring & Insolvency practice is widely recognized for its domestic and international practice. The team recently acted for Target Corporation in the winding down of Target Canada Co. and for Cadillac Fairview Corporation Limited and Rogers Communications Inc. in Sears Canada’s proceedings under the Companies’ Creditors Arrangement Act.
Published since 1996, Who’s Who Legal identifies the world’s foremost legal practitioners in business law on the basis of comprehensive, independent research. The inaugural WWL: Thought Leaders – Restructuring & Insolvency guide profiles practitioners from across the globe who, according to WWL, are considered “the apogee of the restructuring world.”
May 20, 2020 - In The Toronto-Dominion Bank v Queen (2020 FCA 80), the Federal Court of Appeal (FCA) confirmed a Federal Court (FC) decision and ruled that a secured creditor had a statutory obligation to pay the Canada Revenue Agency (CRA) for a tax debt of an arm’s-length borrower because the...