On June 27, 2024, the Supreme Court of the United States (“SCOTUS” or the “Court”) released its widely-anticipated decision in Harrington, United States Trustee, Region 2 v. Purdue Pharma L.P.
The Supreme Court of Canada (“SCC”) has released its decision in Canada North, conclusively resolving the priority dispute between deemed trusts created under the federal “fiscal statutes” (being the Income Tax Act (the “ITA”), the
The recent decision of Justice B.E.
Extensive amendments to the Bankruptcy and Insolvency Act (“BIA”) and Companies’ Creditors Arrangement Act (“CCAA”) coming into force on November 1, 2019 through Bill C-97 will have a significant effect on certain aspects of insolvency proceedings commenced after that date. The wide-ranging revisions to both the BIA and CCAA will likely foster changes to the currently existing insolvency and restructuring practice in Canada.
Bill C-97 Overview
Bill C-97 amends both the BIA and CCAA to:
Des modifications importantes à la Loi sur la faillite et l’insolvabilité ("LFI") et à la Loi sur les arrangements avec les créanciers des compagnies ("LACC") entreront en vigueur le 1er novembre 2019 avec l’adoption du projet de loi C-97. Elles auront une incidence importante sur certains aspects des procédures d’insolvabilité entreprises après cette date.
The recent decision of Justice B.E.
Des modifications importantes à la Loi sur la faillite et l’insolvabilité ("LFI") et à la Loi sur les arrangements avec les créanciers des compagnies ("LACC") entreront en vigueur le 1er novembre 2019 avec l’adoption du projet de loi C-97. Elles auront une incidence importante sur certains aspects des procédures d’insolvabilité entreprises après cette date.
Extensive amendments to the Bankruptcy and Insolvency Act (“BIA”) and Companies’ Creditors Arrangement Act (“CCAA”) coming into force on November 1, 2019 through Bill C-97 will have a significant effect on certain aspects of insolvency proceedings commenced after that date. The wide-ranging revisions to both the BIA and CCAA will likely foster changes to the currently existing insolvency and restructuring practice in Canada.
Bill C-97 Overview
Bill C-97 amends both the BIA and CCAA to: