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The Bluberi CCAA proceedings: Litigation funding in insolvency

On February 4, 2019, the Court of Appeal of Quebec released its decision in the matter of Callidus Capital Corporation and al. v.9354-9186 Québec Inc. (formerly Bluberi Gaming Technologies Inc.).

Canada, Quebec, Insolvency & Restructuring, Litigation, Gowling WLG, Quebec Court of Appeal
L'affaire Bluberi : comment aborder le financement de litiges en contexte d'insolvabilité

Le 4 février 2019, la Cour d'appel du Québec a rendu sa décision dans l'affaire Callidus Capital Corporation et al. c. 9354-9186 Québec Inc.

Canada, Quebec, Insolvency & Restructuring, Litigation, Gowling WLG, Quebec Court of Appeal
Insurers rush to check access, co-operation and assistance obligations, following Federal Court decision

In a significant decision for the insurance industry, the Federal Court of Australia has granted leave to shareholders to bring a direct action against a company’s insurers where the (insured) company was in liquidation. This is one of the earliest cases to make use of the new Civil Liability (Third Party Claims Against Insurers) Act 2017 (NSW) (Third Party Claim Act), and provides some useful guidance for the industry on how this new legislation will be applied.

The decision impacts plaintiff lawyers, policyholders and insurers alike. Importantly:

Australia, Insolvency & Restructuring, Insurance, Litigation, King & Wood Mallesons, Liquidation, Federal Court of Australia