Results for Canada
- Nortel Bankruptcy Fees Hit $1 Billion US
Fees paid to lawyers and other professionals working on the ongoing bankruptcy proceedings of Nortel Networks Corp. have passed the $1 billion US mark. That's outraged former Nortel employees who saw their long-term disability benefits cut after the ...
Daily Headline - global.abi.org - 11/24/2013 - 19:55 - 0 comments
- Canada’s Recovery Stalled, Housing Still A Risk, OECD Says
The OECD, the international body that ranked Canada’s housing market as among the world’s frothiest, warned today of the threat of a “disorderly correction” in prices given the record debt burden among Canadian families, The Globe and Mail reported. ...
Daily Headline - global.abi.org - 11/19/2013 - 21:06 - 0 comments
- League Group In Court To Extend Creditor Protection
Finding a new partner to develop the $1-billion Capital City Centre, selling off a handful of properties and drastically cutting back operations are all part of a plan to pull the League group of companies out of creditor protection as a going concern, t ...
Daily Headline - global.abi.org - 11/18/2013 - 23:26 - 0 comments
- Developers of Canada LNG Export Terminal Seek Reorganization
The Texas-based developers of a proposed liquefied natural-gas export terminal in Canada have sought a court-sanctioned reorganization to resolve disputes with other investors in the project, including a Chinese energy company, according to court documen ...
Daily Headline - global.abi.org - 11/04/2013 - 22:16 - 0 comments
- Land Conservancy Of B.C. Files For Creditor Protection
The Land Conservancy of B.C. can no longer pay its bills and has been granted protection under the Companies' Creditors Arrangement Act by the B.C. Supreme Court, The Vancouver Sun reported. The 17-year-old non-profit organization - which contro ...
Daily Headline - global.abi.org - 10/09/2013 - 20:17 - 0 comments
- Mobilicity Gets Creditor Protection
Small wireless carrier Mobilicity says it has been granted creditor protection by the courts while awaiting a ruling from Industry Canada on an unspecified transaction, CBC News reported. Mobilicity, which has been looking for a buyer, said Monday that c ...
Daily Headline - global.abi.org - 09/30/2013 - 20:16 - 0 comments
- THE INTERNATIONAL SCENE: Recent Developments in Cross-Border Insolvencies in Canada
THE INTERNATIONAL SCENE: Recent Developments in Cross-Border Insolvencies in Canada (citation: Frank Spizzirri and Shaheen Karolia, Recent Developments in Cross-Border Insolvencies in Canada, XXXII ABI Journal 9, 36-37, 80-81, October 2013) - Frank S ...
Resource Article - abi_editor - 09/30/2013 - 16:20 - 0 comments - 0 attachments
- Railway In Quebec Crash Allowed To Operate Until October 18
The U.S. company whose runaway oil tanker train exploded and killed 47 people in a small Quebec town in July can operate trains through Oct. 18, Canadian regulators said on Thursday in a ruling that prolongs a temporary extension by about two weeks, Reut ...
Daily Headline - global.abi.org - 09/26/2013 - 20:36 - 0 comments
- Lone Pine Shares Worthless Under Deal
Long-suffering shareholders of debt-laden junior gas producer Lone Pine Resources Inc. will be left with nothing under a deal struck with its noteholders to trade debt for stock, The Calgary Herald reported. The agreement announced Wednesday, which r ...
Daily Headline - global.abi.org - 09/25/2013 - 22:23 - 0 comments
- It’s a Small World, After All: Cross-Border Bankruptcies
It’s a Small World, After All: Cross-Border Bankruptcies (ABI/GULC Views from the Bench, 2013) - Hon. Martin Glenn, Hon. James M. Peck, Hon. Francis J.C. Newbould, Hon. Christopher S. Sontchi, Gregg M. Galardi, Gary T. Holtzer (Canada, Chapter ...
Resource Article - abi_editor - 09/23/2013 - 11:25 - 0 comments - 0 attachments