Articles on Insolvency & Financial Restructuring

In an effort to address a 2013 liquidity crisis, Essar Steel Algoma Inc. (Algoma) entered into a transaction in which it sold its commercial port assets and leased its port lands to Port of Algoma Inc. (Portco). Through a chain of subsidiaries, Algoma and Portco are both wholly owned by Essar ...

Secured creditors facing prioritization concerns in insolvency proceedings can take comfort from the Ontario Court of Appeal’s recent decision in Grant Forest Products v. Toronto-Dominion . The court confirmed that a judge presiding over a Companies’ Creditors Arrangement Act proceeding ...

IN ITS SEPTEMBER DECISION in Re: US Steel Canada Inc. , the Ontario Court of Appeal appears to have closed the door on claims of equitable subordination in Companies’ Creditors Arrangement Act (CCAA) proceedings. “What US Steel means is that creditors won’t be able to litigate ...

AS SKIRMISHING CONTINUES in the Eco Oro Minerals saga, its true significance — the key role that full disclosure plays when private placements become a weapon in proxy battles — has yet to see broad daylight. Observers have characterized the key issues as being the extent to which the ...

In April, many oil and gas exploration and production companies in Canada went through the painful equivalent of a visit to a proctologist. They’re going to get their assets examined. It’s a bi-annual process, usually happening in November and April, where institutional lenders take a ...

Insolvency practice embraces acting for a variety of stakeholders in bankruptcy, receivership or similar court-supervised insolvency proceedings or private enforcement remedies. Financial restructuring involves advising stakeholders in planning, negotiating and implementing corporate financial ...

On November 2, 2016, Pacific Exploration & Production Corp., the largest non-state oil producer in Latin America, announced it had successfully implemented a Restructuring Plan under Canada’s Companies’ Creditors Arrangement Act ( CCAA). Falling oil prices in 2014 and 2015 had ...

Insolvency practice embraces acting for a variety of stakeholders in bankruptcy, receivership or similar court-supervised insolvency proceedings or private enforcement remedies. Financial restructuring involves advising stakeholders in planning, negotiating and implementing corporate financial ...

If there’s one thing that can be said about cross-border insolvencies, it’s that they’re frequently rife with friction. “The practical reality is that both sides of the border are there to make a profit,” says David Bish , a lawyer in Torys LLP ’s Toronto office. ...

Edmond Lamek moved his insolvency and restructuring practice to WeirFoulds from Borden Ladner Gervais LLP .

Robert Kandestin joined Miller Thomson as a partner. Kandestin is an insolvency and finance lawyer.

Insolvency practice embraces acting for a variety of stakeholders in bankruptcy, receivership or similar court-supervised insolvency proceedings or private enforcement remedies. Financial restructuring involves advising stakeholders in planning, negotiating and implementing corporate financial ...

As the definition of “Canadian” expanded, last year’s top deals highlighted the importance of infrastructure and real estate as well as vendors making strategic dispositions Selecting the top deal of 2015, and indeed ordering the deals at all, was challenging — perhaps we ...

Insolvency and insolvency litigation is generally understood to relate to acting for and advising lenders, other creditors, debtors, trustees in bankruptcy, receivers, and other participants in corporate insolvencies and debt enforcement, collection, and recovery, and typically involves bankruptcy, ...

Insolvency practice embraces acting for a variety of stakeholders in bankruptcy, receivership, or similar court-supervised insolvency proceedings or private enforcement remedies. Financial restructuring involves advising stakeholders in planning, negotiating, and implementing corporate financial ...

Insolvency practice embraces acting for a variety of stakeholders in bankruptcy, receivership or similar court-supervised insolvency proceedings or private enforcement remedies. Financial restructuring involves advising stakeholders in planning, negotiating and implementing corporate financial ...

Insolvency practice embraces acting for a variety of stakeholders in bankruptcy, receivership or similar court-supervised insolvency proceedings or private enforcement remedies. Financial restructuring involves advising stakeholders in planning, negotiating and implementing corporate financial ...

Insolvency practice embraces acting for a variety of stakeholders in bankruptcy, receivership or similar court-supervised insolvency proceedings or private enforcement remedies. Financial restructuring involves advising stakeholders in planning, negotiating and implementing corporate financial ...

A blockbuster cross-border joint trial for the Nortel assets and a Supreme Court of Canada decision were major recent developments in cross-border insolvencies Indalex : Uncertainty Remains over Priority of Pension Shortfalls in CCAA Proceedings Early in 2013, the Supreme Court of Canada (SCC) ...

THE BRITISH COLUMBIA Supreme Court (BCSC) has thwarted an American pension fund’s attempt to assert a claim over the assets of an insolvent Canadian company by relying on the extraterritorial effect of a US law. “The case [ Re Walter Energy Canada Holdings ] is a precedent-setting ...

It’s been called a “bespoke solution” to insolvency proceedings: Canada’s Companies’ Creditors Arrangement Act (CCAA) or, indeed, “Canada’s other insolvency proceedings.” Canadian insolvency lawyers call it more flexible than other international ...

Insolvency practice embraces acting for a variety of stakeholders in bankruptcy, receivership, or similar court-supervised insolvency proceedings or private enforcement remedies. Financial restructuring involves advising stakeholders in planning, negotiating, and implementing corporate financial ...

Insolvency practice embraces acting for a variety of stakeholders in bankruptcy, receivership or similar court-supervised insolvency proceedings or private enforcement remedies. Financial restructuring involves advising stakeholders in planning, negotiating and implementing corporate financial ...

A stressed economy means more restructuring and insolvency and more cost pressures for lawyers As one senior restructuring lawyer likes to say, when the economy gets tough it’s time to put away the golf clubs. Well, the clubs have been stashed for some time. But there haven’t been as ...

Insolvency practice embraces acting for a variety of stakeholders in bankruptcy, receivership or similar court-supervised insolvency proceedings or private enforcement remedies. Financial restructuring involves advising stakeholders in planning, negotiating and implementing corporate financial ...