Supreme Court of Canada releases reasons for its decision in Bluberi: Improper purpose and litigation funding in CCAA proceedings

Introduction

On May 8, 2020, the Supreme Court of Canada (SCC) released its written reasons in 9354-9186 Québec Inc. v. Callidus Capital Corp.[1](the Bluberi case).

Filed under:
Canada, Ontario, Insolvency & Restructuring, Litigation, Osler Hoskin & Harcourt LLP, Due diligence, Coronavirus
Authors:
Mary Angela Rowe , Shawn Irving , Ilia Kravtsov , Cristina Cosneanu
Location:
Canada
Firm:
Osler Hoskin & Harcourt LLP
Québec Court of Appeal settles controversy regarding the appointment of national receivers under section 243 of the BIA

On July 20, 2020, the Court of Appeal of Québec (the QCA) released its reasons in Séquestre de Media5 Corporation,[1] putting an end to a long-lasting debate on the availability of national receivers to Québec secured creditors.

Filed under:
Canada, Quebec, Insolvency & Restructuring, Litigation, Osler Hoskin & Harcourt LLP
Authors:
Fabrice Benoît , Ilia Kravtsov , Cristina Cosneanu , Sandra Abitan , Julien Morissette
Location:
Canada
Firm:
Osler Hoskin & Harcourt LLP
The Aquadis case: Québec Court of Appeal confirms the broad powers of the CCAA monitor

On May 21, 2020, the Québec Court of Appeal (QCA) released its reasons in Arrangement relatif à 9323-7055 Québec inc. (Aquadis International Inc.)[1](the Aquadis case).

Filed under:
Canada, Ontario, Quebec, Insolvency & Restructuring, Litigation, Osler Hoskin & Harcourt LLP, General contractor
Authors:
Ilia Kravtsov , Cristina Cosneanu , Sandra Abitan
Location:
Canada
Firm:
Osler Hoskin & Harcourt LLP