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A Second Chance at Perfection: Saskatchewan’s PPSA Amendments and Re-Registration

As we summarized in a recent Financial Services & Insolvency Communiqué, Saskatchewan has introduced Bill 151 (the Bill) which amends The Personal Property Security Act, 1993 (Saskatchewan) (the PPSA or the Act).

Canada, Saskatchewan, Banking, Insolvency & Restructuring, Real Estate, Miller Thomson LLP, Secured creditor, Personal Property Security Act 1990 (Canada)
Insolvency and Environmental Law Collide: Supreme Court of Canada Rules in Favour of Alberta Energy Regulator in Redwater Decision

The Supreme Court of Canada (“SCC”) has released its decision in Orphan Well Association v.

Canada, Energy & Natural Resources, Environment & Climate Change, Insolvency & Restructuring, Litigation, Miller Thomson LLP, Bankruptcy and Insolvency Act 1985 (Canada), Supreme Court of Canada, Court of Appeal of Alberta
Supreme Court of Canada decision in Redwater: Early implications

Introduction

Canada, Alberta, Energy & Natural Resources, Insolvency & Restructuring, Litigation, Osler Hoskin & Harcourt LLP, Bankruptcy and Insolvency Act 1985 (Canada), Supreme Court of Canada, Court of Appeal of Alberta
Secured Lenders Beware! Saskatchewan is Proposing to Create a Superpriority for Employer Obligations to Pension Plans

Will this proposal capture unfunded liabilities under defined benefit pension plans?

Canada, Saskatchewan, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Miller Thomson LLP, Financial regulation, Defined benefit pension plan
The “wake-up call” for brokers placing D&O liability - Canadian Underwriter

In 2012, the Ontario Ministry of the Environment issued a clean-up order against 13 former directors of Northstar Aerospace Canada. Northstar was bankrupt and the directors had to pay millions because the company’s D&O policy excluded pollution. A recent article by Greg Meckbach in Canadian Underwriter examines the effect that order has had on the commercial insurance industry in Canada.

Canada, Insolvency & Restructuring, Insurance, Osler Hoskin & Harcourt LLP, Underwriting
Financial Services & Insolvency Communiqué

Secured Creditor’s Priority Over Unremitted GST/HST: SCC Grants Callidus Capital Corporation Leave to Appeal

On March 22, 2018, the Supreme Court of Canada granted Callidus Capital Corporation (the “Secured Creditor”) leave to appeal the Federal Court of Appeal decision that interpreted subsection 222(3) of the Excise Tax Act (Canada) (the “ETA”) as giving the Crown super priority to property received by a secured creditor from a tax debtor before bankruptcy.

Canada, Insolvency & Restructuring, Litigation, Tax, Miller Thomson LLP, Supreme Court of Canada, Federal Court of Appeal (Canada)
Secured Creditor’s Priority Over Unremitted GST/HST: SCC Grants Callidus Capital Corporation Leave to Appeal

On March 22, 2018, the Supreme Court of Canada granted Callidus Capital Corporation (the “Secured Creditor”) leave to appeal the Federal Court of Appeal decision that interpreted subsection 222(3) of the Excise Tax Act (Canada) (the “ETA”) as giving the Crown super priority to property received by a secured creditor from a tax debtor before bankruptcy.

Canada, Insolvency & Restructuring, Litigation, Miller Thomson LLP, Secured creditor, Supreme Court of Canada
Priorité du créancier garanti sur la TPS ou la TVH non versée : la Cour suprême du Canada accorde à Callidus Capital Corporation l’autorisation d’interjeter appel

Le 22 mars 2018, la Cour suprême du Canada a accordé à Callidus Capital Corporation (le « créancier garanti ») l’autorisation d’interjeter appel de la décision de la Cour d’appel fédérale dont l’interprétation du paragraphe 222(3) de la Loi sur la taxe d’accise (Canada) (la « LTA ») donne à la Couronne la priorité absolue sur les biens reçus par un créancier garanti d’un débiteur fiscal avant la faillite.

Canada, Insolvency & Restructuring, Litigation, Tax, Miller Thomson LLP, Canada Revenue Agency, Supreme Court of Canada
Joint operations and insolvent operators: Change of operatorship during a receivership

Background

Canada, Alberta, Insolvency & Restructuring, Litigation, Osler Hoskin & Harcourt LLP
Saskatchewan Court of Appeal confirms that emails can extend limitation periods under the Limitations Act

Earlier this year, we wrote here about the decision in I.D.H. Diamonds NV v Embee Diamond Technologies Inc., 2017 SKQB 79, where Mr. Justice Layh held:

Canada, Saskatchewan, Insolvency & Restructuring, Internet & Social Media, Litigation, Miller Thomson LLP