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Le 1er mars 2018, la Société d’assurance-dépôts du Canada (la « SADC ») a publié la mise à jour de son document d’orientation intitulé Droits de résiliation de contrats financiers admissibles en situation de règlement de failliteCe nouveau document d’orientation reflète les modifications apportées aux dispositions de la 

Federal Bill C-63, which received first reading on October 27, 2017, will amend the eligible financial contracts (EFC) stay safe-harbour where a Canadian financial institution is subject to a resolution procedure under the Canada Deposit Insurance Corporation Act(CDIC Act). The amendments will clarify that the limits that apply to relying on the safe-harbour based on insolvency or deteriorated financial condition are limited to two business days unless effective resolution actions have been taken.

On September 11, 2017, the Quebec Superior Court released a decision in the Wabush Companies’ Creditors Arrangement Act (CCAA) proceedings that may affect how pension plan liabilities are dealt with in insolvency proceedings in Quebec and the rest of Canada. The Court made four significant findings, each of which is discussed in detail below:

On September 11, 2017, the Quebec Superior Court released a decision in the Wabush Companies’ Creditors Arrangement Act (CCAA) proceedings that may affect how pension plan liabilities are dealt with in insolvency proceedings in Quebec and the rest of Canada. The Court made four significant findings, each of which is discussed in detail below:

Le 20 février dernier, une formation de trois juges de la Cour d'appel du Québec, sous la plume du juge Paul Vézina, a confirmé le jugement de première instance de la Cour supérieure dans l'affaire Métaux Kitco Inc.1, lequel avait refusé à l'administration fiscale la possibilité d'opérer compensation entre une dette fiscale existant avant les procédures de restructuration et des crédits et remboursements de taxes sur intrants (« CTI/RTI ») en TPS et TVQ ayant

Proposed amendments to the Canada Deposit Insurance Corporation Act(CDIC Act) introduced in Bill C-15 enhance the resolution powers of CDIC and are intended to make Canada a Protocol-Eligible Regime under the ISDA 2015 Universal Stay Protocol.

A March 8 2016 decision of the influential Bankruptcy Court for the Southern District of New York has attracted attention from – and caused concern for – owners of pipelines and other midstream assets, as well as lenders to midstream and upstream lenders across the United States.

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