Oct. 21, 2021 - 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...
Davies Restructuring Review 2021: Issue 2
Emerging Trends for the Short and Long Terms
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 industries, remain on our radar.
In this issue of the Davies Restructuring Review, we analyze the following emerging trends:
- A considerable increase in filings under the Companies’ Creditors Arrangement Act (CCAA), reversing the decline that had persisted through the second half of 2020
- A movement by debtors from the Bankruptcy and Insolvency Act to the CCAA regime, drawing on the advantages afforded by Canada’s unique bifurcated insolvency system
- The changing role of government as a stakeholder and policy-maker in the Canadian insolvency context
The Davies Restructuring Review is a quarterly publication that analyzes key trends and developments in the insolvency and restructuring community.
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...