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Faithless Fiduciaries May Not Be Released From Bankruptcy

In Convoy Supply Ltd. v.

Canada, Insolvency & Restructuring, Litigation, McCarthy Tétrault LLP, Bankruptcy and Insolvency Act 1985 (Canada), Court of Appeal for Ontario
Mining in the Courts, Vol. XIII

La 13e édition annuelle de la publication Mining in the Courts fournit une mise à jour complète sur les développements juridiques concernant le secteur minier (disponible en anglais seulement). Cette publication comprend un résumé sur bon nombre des causes les plus importantes, ainsi que des articles offrant un aperçu sur les tendances juridiques actuelles et les défis auxquels l’industrie devra faire face au cours de la prochaine année.

Voici certains des sujets qui y sont abordés :

Canada, Global, Arbitration & ADR, Environment & Climate Change, Insolvency & Restructuring, Litigation, McCarthy Tétrault LLP
Ontario Court offers further guidance on Reverse Vesting Order Transactions

In a recent decision in the CCAA proceedings involving the Cannapiece Group, Mr. Justice Osborne of the Ontario Superior Court of Justice rejected an application for a reverse vesting order brought by the debtor companies and supported by the monitor.

Canada, Ontario, Insolvency & Restructuring, Litigation, McCarthy Tétrault LLP, Ontario Superior Court of Justice
Supreme Court Grants Certiorari to Determine Whether the Bankruptcy Code Waives Sovereign Immunity of Native American Tribes

On January 13, 2023, the Supreme Court granted the Lac du Flambeau Band of Lake Superior Chippewa Indians’ Petition for a Writ of Certiorari to resolve the split of circuits on whether Section 106 of the Bankruptcy Code evinces Congress’ unequivocal intent to abrogate Native American Tribes’ sovereign immunity.1

USA, Insolvency & Restructuring, Litigation, Snell & Wilmer LLP, Supreme Court of the United States
Sur la cible : Perspectives du capital d’investissement privé pour 2023

En 2022, le marché canadien du capital d’investissement privé a connu plusieurs développements importants qui ont eu des répercussions sur l’activité transactionnelle dans tous les secteurs. À quelles grandes tendances peut-on s’attendre en 2023?

Canada, Corporate Finance/M&A, Insolvency & Restructuring, McCarthy Tétrault LLP
Projet de loi C-228 : Développements relatifs à l’adoption de législation en matière de protection des régimes de retraite

Le 3 novembre 2022, un projet de loi visant à accorder une priorité supplémentaire aux régimes de retraite dans le cadre des procédures d'insolvabilité a franchi une autre étape vers son adoption.

Canada, Insolvency & Restructuring, McCarthy Tétrault LLP
Bill C-228: Pension Protection Legislation Advances Further

On November 3, 2022, new legislation aimed at providing additional priority to pensions in insolvency proceedings moved one step closer to becoming law.

Canada, Insolvency & Restructuring, McCarthy Tétrault LLP, Insolvency, Bankruptcy and Insolvency Act 1985 (Canada)
Alberta Court of Appeal Declines to Find Manitok is Distinguishable from Redwater

The Alberta Court of Appeal (the “ABCA”)’s anticipated decision in Manitok Energy Inc (Re), 2022 ABCA 117 (“Manitok”) confirmed that the sales proceeds of a debtor estate’s valuable petroleum and natural gas assets that are subject environmental claims including, notably, abandonment and reclamation obligations, must first be applied to abandonment and reclamation obligations, even where such assets are “unrelated” to the abandonment and reclamation obligations.

Canada, Alberta, Insolvency & Restructuring, Litigation, McCarthy Tétrault LLP, Supreme Court of Canada, Court of Appeal of Alberta
Arbitration versus the “Single Proceeding Model” in Insolvency Proceedings - Which prevails?

Overview and Why This Case Matters

Canada, British Columbia, Arbitration & ADR, Insolvency & Restructuring, Litigation, McCarthy Tétrault LLP, UNCITRAL, Bankruptcy and Insolvency Act 1985 (Canada), Ontario Superior Court of Justice
First Circuit Joins the Ninth Circuit by Holding That Section 106(a) of the Bankruptcy Code Waives Tribes’ Sovereign Immunity

Deepening a split of circuits, the First Circuit Court of Appeals held that the Bankruptcy Code waived the sovereign immunity of Native American Tribes. The May 6, 2022 opinion by Judge Sandra L.

USA, Insolvency & Restructuring, Litigation, Snell & Wilmer LLP, Bankruptcy, US Congress, Supreme Court of the United States, Ninth Circuit