Licences as property or collateral

The recent decision of the Supreme Court of Canada in Saulnier (Receiver of) v. Saulnier has changed the basis for determining whether a licence is property under a provincial Personal Property Security Act (“PPSA”) and the federal Bankruptcy and Insolvency Act (“BIA”).

Filed under:
Canada, Insolvency & Restructuring, Litigation, McMillan LLP, Bankruptcy, Interest, Secured creditor, Bankruptcy and Insolvency Act 1985 (Canada), Personal Property Security Act 1990 (Canada), Supreme Court of Canada, Court of Appeal for Ontario
Authors:
David E. Thring
Location:
Canada
Firm:
McMillan LLP