Breaking the emergency glass: government liquidity support in the time of COVID‑19

As the COVID scourge continues its march across the lives and livelihoods of Canadian individuals and businesses, the federal government has broken the glass and deployed into the economy a historically unprecedented amount of emergency funding in an effort to provide a financial bridge through the crisis to affected enterprises.

Filed under:
Canada, Banking, Corporate Finance/M&A, Insolvency & Restructuring, Torys LLP, Private equity, Venture capital, Coronavirus, Office of the Superintendent of Financial Institutions (Canada), Government of Canada, Export Development Canada
Authors:
Simon J.C. Williams , Amanda C. Balasubramanian
Location:
Canada
Firm:
Torys LLP
Re Indalex: Canada’s top court provides some clarity for insolvent companies with pension deficiencies

On February 1, 2013, the Supreme Court of Canada in Re Indalex allowed in part the appeal of Sun Indalex Finance and, in doing so, delivered guidance to companies entering into restructuring proceedings.  

Background

Filed under:
Canada, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Torys LLP, Breach of contract, Fiduciary, Beneficiary, Supreme Court of Canada, Court of Appeal for Ontario
Authors:
Jessica Bullock , Scott Bomhof , David Bish , Tom Zverina , Amanda C. Balasubramanian
Location:
Canada
Firm:
Torys LLP