Fasken 2023 Insolvency Insights

Case Trends

Filed under:
Canada, Insolvency & Restructuring, Litigation, Fasken, Insolvency, Supreme Court of Canada
Authors:
Jessica Cameron , Lisa Hiebert , Stuart Brotman , Marc-André Morin , Anthony Mersich , Daniel T. Richer , Éliane Dupéré-Tremblay , Mishaal Gill , Montana Licari , Nicolas Mancini , Glen Nesbitt , Mitch Stephenson , Alain Riendeau , Alexander Bayus , Aubrey Kauffman , Brandon Farber , Dylan A. Chochla , Fergus McDonnell , Kibben Jackson , Luc Béliveau , Robyn Gurofsky
Location:
Canada
Firm:
Fasken
Substance Over Process: Win under the Fraudulent Preference Act Raises Interesting Questions

Creditors want to recover as much money as they can from their debtors as quickly and painlessly as possible. When those debtors take steps to delay, defeat and hinder a creditor’s recovery, creditors can rely on the Fraudulent Preference Act, RSBC 1996, c. 164 (“FPA”) and the Fraudulent Conveyance Act, RSBC 1996, c. 163 (“FCA”) to set aside transactions that have that intention and effect. Generally, the FCA allows “creditors and others” to void dispositions of property designed to delay, hinder or defraud their claims.

Filed under:
Canada, British Columbia, Insolvency & Restructuring, Litigation, Fasken, Credit (finance), Financial Conduct Authority (UK), British Columbia Court of Appeal
Authors:
Tom A. Posyniak , Glen Nesbitt
Location:
Canada
Firm:
Fasken