In a 2017 judgment discussed here, the Federal Court of Appeal permitted the CRA to assert a claim against a secured creditor who had received a repayment from its borrower prior to bankruptcy when the borrower also owed unremitted GST obligations to the Crown.
Canada, Insolvency & Restructuring, Litigation, Tax, McCarthy Tétrault LLP, Supreme Court of Canada, Federal Court of Appeal (Canada)
We have recently profiled conflicting cases (available here and here) dealing with a priority contest between supe
Canada, Insolvency & Restructuring, Litigation, Tax, McCarthy Tétrault LLP, Bankruptcy, Debtor, Excise, Secured creditor, Canada Revenue Agency, Income-Tax Act 1961 (India), Supreme Court of Canada, Federal Court of Appeal (Canada)
In a recent decision, the Federal Court of Appeal had occasion to consider a claim at the crossroads of bankruptcy and maritime law (ING Bank N.V. v. Canpotex Shipping Services Limited et al., 2017 FCA 47). Normally in Canada, bankruptcy cases are adjudicated in the superior courts of the respective provinces.
Canada, Insolvency & Restructuring, Litigation, Shipping & Transport, McCarthy Tétrault LLP, Bankruptcy, Federal Court of Appeal (Canada)