36153 Ryan Glenn Ziegler v. Her Majesty the Queen (Criminal law – Dangerous offender)

Principle

In order to secure the protection of judicial reorganization, the debtor needs to attach to the petition for judicial reorganization a certain number of documents provided for in article 17 § 2 of the Law on the continuity of enterprises (LCE). If these documents are not attached to the petition, the LCE provides that the petition shall be deemed inadmissible.

The existence of trusts that may be connected to a borrower’s assets can be a lending hazard. They do not appear on PPSA search print-outs and, in many cases, they are not shown on a borrower’s financial statements and cannot be searched through traditional due diligence methods.

36039 Dhillon v. Jaffer  (Law of professions – Barristers and solicitors – Breach of fiduciary duty – Damages)

It’s been almost two years since the Supreme Court of Canada (SCC) decision in Indalex Ltd., Re.1 Currently, Canada’s lower courts are being challenged to interpret the decision in a variety of different contexts. The purpose of this article is to review the Indalex decision within the broader context of pre- and post-Indalex case law and to briefly comment on its impact in the lending marketplace. 

It is no secret that the mining sector is facing tough times. In recent boom years, mining companies took on unprecedented amounts of debt. Now that commodity prices have dropped and sources of refinancing have dried up, debt obligations have become overwhelming for many companies, posing a serious risk to their survival.

Canada

The liquidation in one single act is allowed in Belgium since 2012. The following formalities are strictly required: 

36114  Miazga v. The Queen  (Criminal law – Manslaughter)

Wanneer de rechtbank de procedure van gerechtelijke reorganisatie met het oog op de overdracht onder gerechtelijk gezag voor een onderneming in moeilijkheden voor geopend verklaart, verleent zij hierbij een bepaalde periode van opschorting waarbinnen de overdracht gerealiseerd dient te worden. 

Pour rappel, en cas d’approbation d’un plan de réorganisation judiciaire par la majorité des créanciers, il appartient au Tribunal de commerce d’homologuer le plan approuvé pour autant qu’il ne soit pas contraire à l’ordre public. 

Selon l’article 49, § 1 de la loi du 31 janvier 2009 relative à la continuité des entreprises, le plan de réorganisation peut prévoir le règlement différencié de certaines catégories de créances, notamment en fonction de leur ampleur ou de leur nature.