Canada’s insolvency and restructuring regime consists primarily of two separate statutes that have been substantially amended in recent years to align their restructuring provisions. Despite some similarities with its U.S. counterpart, the amended Canadian regime remains distinct.
Canada, Insolvency & Restructuring, Osler Hoskin & Harcourt LLP, Corporate governance, Wage, Bankruptcy, Debtor, Debt, Secured creditor, UNCITRAL, Companies' Creditors Arrangement Act 1933 (Canada), Bankruptcy and Insolvency Act 1985 (Canada)