Close economic ties and interdependence between the US and Canada have been bolstered by free trade policies and intensified global competition, paving the way for continued opportunities for US businesses to tap into the Canadian market. These opportunities have resulted in an active cross-border lending market. In light of this, US lenders who are lending into Canada may encounter, and should be aware of, Canadian-specific legal issues and considerations.
Canada, USA, Banking, Capital Markets, Company & Commercial, Corporate Finance/M&A, Environment & Climate Change, Insolvency & Restructuring, IT & Data Protection, Real Estate, McMillan LLP, Office of the Superintendent of Financial Institutions (Canada), Uniform Commercial Code (USA)
A recent decision of the Ontario Court of Appeal invalidated an arbitration and forum selection clause in a commercial agreement in favour of having a dispute between the debtor and its former customer adjudicated within a receivership proceeding.
Canada, Ontario, Arbitration & ADR, Insolvency & Restructuring, Litigation, McMillan LLP, Insolvency, Receivership, Supreme Court of Canada, Ontario Superior Court of Justice