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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
The Seventh Circuit expands scope of absolute priority rule to protect creditors

In a recent decision, In re Castleton Plaza, LP, 2013 WL 537269 *1 (Feb. 14, 2013), the Seventh Circuit held that the absolute priority rule – which requires that creditors be paid in full before equity holders receive anything on account of their equity interests under a plan of reorganization – applies equally to the “insiders” of a debtor.

USA, Insolvency & Restructuring, Litigation, Sheppard Mullin Richter & Hampton LLP, Debtor, Secured creditor, United States bankruptcy court, Seventh Circuit