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
Court of Appeal Gives Guidance on Scope of Crown’s Super Priority for Environmental Remediation Under the Bankruptcy and Insolvency Act

Overview

This bulletin is the first of a Fasken series about the recent decision of the Court of Appeal of Yukon in the ongoing receivership proceedings of Yukon Zinc Corporation (“Yukon Zinc”), indexed as 2021 YKCA 2. The decision addresses several important issues, including: (i) the scope of Section 14.06(7) of the Bankruptcy and Insolvency Act (“BIA”), which creates the Crown’s super priority charge for environmental remediation over the real property of a debtor; and (ii) Crown claims relating to unfurnished security or future costs.

Filed under:
Canada, Yukon, Environment & Climate Change, Insolvency & Restructuring, Litigation, Fasken, Mediation
Authors:
Kibben Jackson , Fergus McDonnell , Mishaal Gill
Location:
Canada
Firm:
Fasken