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Ontario Court Approves of Use of Reverse Vesting Transactions and Provides Guidance for Future Transactions

The Ontario Superior Court of Justice (Commercial List) (the “Court”) in Re Harte Gold Corp.,[1]issued its first published decision on the use of reverse vesting orders (“RVOs”) finding that the

Canada, Ontario, Company & Commercial, Insolvency & Restructuring, Stikeman Elliott LLP, Ontario Superior Court of Justice, British Columbia Supreme Court
Bankruptcy Court Weighs in on How to Value Bitcoins

Cryptocurrency has been recognized as “property” for the purposes of the Bankruptcy and Insolvency Act by the Ontario Superior Court of Justice (Commercial List) in Re Quadriga Fintech Solutions Corp. et al.,[1]the first Canadian case of its kind.

Canada, Banking, Insolvency & Restructuring, Litigation, Stikeman Elliott LLP, Bitcoin, Fintech, Cryptocurrency, Ontario Superior Court of Justice
No Contradiction in Contribution: Tenth Circuit Finds that Bankruptcy Court Approval of Settlement of CERCLA Environmental Claims Does Not Estop Subsequent CERCLA Contribution Claim

Overview

In Asarco, LLC v. Noranda Mining, Inc., the Tenth Circuit Court of Appeals held that representations made to the bankruptcy court that the Debtor’s settlement of environmental claims reflected only the Debtor’s share of the cleanup costs did not judicially estop the Debtor from brining a contribution claim against another potentially responsible party for those same costs.

USA, Environment & Climate Change, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP, US Environmental Protection Agency, Title 11 of the US Code, United States bankruptcy court, Tenth Circuit