Good evening.
Below are the summaries of this week’s civil decisions of the Court of Appeal for Ontario.
Canada, Ontario, Banking, Company & Commercial, Family, Insolvency & Restructuring, Insurance, Litigation, Public, Real Estate, White Collar Crime, Blaney McMurtry LLP, Conflict of interest, Bankruptcy and Insolvency Act 1985 (Canada), Court of Appeal for Ontario
Did you know... that the court may, in special circumstances, exercise its discretion to appoint pre-existing receivers as a company’s provisional liquidators.
In the recent decision ofRe K Vision International Investment (Hong Kong) Limited, the Honourable Mr. Justice Barma confirmed that, where the circumstances require it, the court will exercise its discretion to appoint pre-existing receivers of a company’s assets as that company’s provisional liquidators provided that potential conflicts of interest are identified and appropriately addressed.
Hong Kong, Insolvency & Restructuring, Litigation, Mayer Brown, Conflict of interest, Liquidator (law)