Canada

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Insolvent Laricina Energy To Close Pilot Oilsands Project

Insolvent Laricina Energy Ltd. plans to close its Saleski pilot oilsands project by fall to save money, according to a report filed online by its court-appointed monitor, PricewaterhouseCoopers, The Calgary Herald reported. The report says Laricina h ...

Daily Headline - global.abi.org - 07/01/2015 - 22:30 - 0 comments

Mobilicity Gets Approval To Disburse Funds From Rogers Deal To Creditors

A judge has approved the distribution of funds in Mobilicity’s restructuring proceedings after the small wireless carrier struck a $465-million deal to sell itself to Rogers Communications Inc., The Globe and Mail reported. The court’s order Monday w ...

Daily Headline - global.abi.org - 06/29/2015 - 22:00 - 0 comments

Athabasca University Faces Insolvency, President Reassures Students

Alberta's online university is facing a financial crisis, but the president is reassuring students that the institution will not be closing down, CBC News reported. According to an internal report, Athabasca University (AU) will be insolvent in two ...

Daily Headline - global.abi.org - 06/14/2015 - 19:31 - 0 comments

Insolvency Rising In Canada: CIBC Report

The number of Canadians who can’t pay their debts and are being forced into insolvency is on the rise for the first time since the recession, according to a report by CIBC, The Canadian Press reported. The bank says the cumulative number of insolvencies ...

Daily Headline - global.abi.org - 06/11/2015 - 22:41 - 0 comments

Lenders File To Throw Southern Pacific Into Receivership

Two weeks after announcing it will shut down its money-losing oilsands project, insolvent Southern Pacific Resource Corp. said its first-lien creditors have filed to throw it into receivership, The Calgary Herald reported. “The effect of a receiversh ...

Daily Headline - global.abi.org - 05/28/2015 - 18:57 - 0 comments

Recent Developments in Canadian Foreign Anti-Bribery Law

Canada, like other jurisdictions, has had in place for several years anti-bribery and corruption legislation – the Corruption of Foreign Public Officials Act (the “CFPOA”) – that prohibits payments made (or offered to be made) to foreign officials for th ...

Resource Article - abi_admin - 05/28/2015 - 09:16 - 0 comments - 0 attachments

KPMG's Financial Services M&A Digest Recent Transaction Announcements, March 2015

KPMG’s Global Deal Advisory practice is pleased to present you its perspectives on 2015 M&A trends for both the banking and insurance sectors. Our publication pertaining to the banking sector presents both a look-back on our top ten predictions of 20 ...

Resource Article - abi_admin - 05/28/2015 - 09:07 - 0 comments - 0 attachments

KPMG's Insurance Group – Recent Publications, March 2015

At KPMG, we are dedicated to providing our clients with insights on today’s critical business issues. To help keep you up to date, we’re pleased to share with you recent studies, white papers, articles, and multimedia content published by KPMG. SPE ...

Resource Article - abi_admin - 05/28/2015 - 08:16 - 0 comments - 0 attachments

Insolvency Rising In Canada: CIBC Report

The number of Canadians who can’t pay their debts and are being forced into insolvency is on the rise for the first time since the recession, according to a report by CIBC. The bank says the cumulative number of insolvencies rose by 1.2 per cent in the s ...

Daily Headline - global.abi.org - 05/19/2015 - 20:15 - 0 comments

UK Pensioners To Benefit As Judges Order Insolvent Nortel’s Assets To Be Divided Equally

Former UK employees of Nortel Networks, the insolvent Canadian telecoms firm, could receive up to two thirds of their long-deferred pension claims after the US and Canadian courts ruled that the company’s remaining assets should be equally divided among ...

Daily Headline - global.abi.org - 05/18/2015 - 23:17 - 0 comments

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