On July 2, 2024, the Court of Appeal for British Columbia (the “Court”) released its highly anticipated decision in British Columbia v. Peakhill Capital Inc., 2024 BCCA 246 (“Peakhill”) concerning the use of reverse vesting orders (“RVOs”) to effect sale transactions structured to avoid provincial property transfer taxes for the benefit of creditors.

A Case Comment on AssessNet Inc. v. Ferro Estate, 2023 ONCA 577

On March 26, 2020, leave to appeal the decision of the Alberta Court of Appeal (the “Alberta CA”) in Canada v. Canada North Group Inc.¹ (“Canada North Group”) was granted by the Supreme Court of Canada (the “SCC”).² No reasons were given.

During his national address on 2 April, President Putin announced his decision to prolong the initial non-working days from 4 April to 30 April 2020 inclusive in order to fight against the spread of COVID-19. He signed a new Executive Order* providing for this.

В ходе своего обращения к гражданам 2 апреля президент В. В. Путин объявил о своем решении продлить первоначально установленный режим нерабочих дней с 4 апреля по 30 апреля 2020 года включительно. В этих целях президентом был подписан новый указ, предусматривающий соответствующие меры.

On 1 April 2020, Federal Laws No. 98-FZ*, 99-FZ* and 100-FZ* came into force in connection with the spread of COVID-19, the disease caused by the coronavirus.

In particular, these laws do the following:

1 апреля 2020 года вступили в силу Федеральные законы № 98-ФЗ, 99-ФЗ и 100-ФЗ, принятые в связи с распространением коронавируса COVID-19.

Новые законы:

Президиум Верховного Суда РФ утвердил Обзор судебной практики разрешения споров, связанных с установлением в процедурах банкротства требований лиц, контролирующих должника и аффилированных с ним лиц.

В Обзоре даны важные разъяснения относительно специфики участия в делах о банкротстве лиц, аффилированных с должником и (или) контролирующих его деятельность.

The Presidium of the Russian Supreme Court has approved a Review* of the judicial practice in disputes related to claims made by persons or entities (below referred to as persons) controlling a debtor and its affiliates in bankruptcy proceedings.

The Review provides important clarifications on the specifics of the participation in bankruptcy proceedings of persons affiliated with a debtor and persons controlling the debtor’s activities.

On March 6, 2020, the Ontario Court of Appeal (the “OCA”) released its decision in Royal Bank of Canada v. Bodanis (“Bodanis”),¹ holding that two debtors, each having an estate exceeding $10,000 in value, had appeals of their bankruptcy orders as of right under section 193 of the Bankruptcy and Insolvency Act²(the “BIA”) and thus did not need to seek leave to appeal.

Section 193 reads as follows: