Nuo Ji, Lingqi Wang, Jessica Li and Sylvia Zhang, Fangda Partners

This is an extract from the 2022 edition of GRR's the Asia-Pacific Restructuring Review. The whole publication is available here.

In summary

Au cours des deux dernières années, les ordonnances de dévolution inversée (« ODI ») sont passées de concept inaperçu à l’outil de choix dans de nombreuses restructurations complexes menées en vertu de la Loi sur les arrangements avec les créanciers des compagnies (la « LACC »). Comme les spécialistes en restructuration recourent de plus en plus aux ODI, la question se pose : les ODI remplaceront-elles les plans traditionnels pris en vertu de la LACC?

In the past two years, reverse vesting orders (“RVOs”) have gone from obscurity to being the tool of choice in many complex restructurings under the Companies’ Creditors Arrangement Act (the “CCAA”). As restructuring practitioners increasingly employ RVOs, it begs the question: Will RVOs replace traditional CCAA plans?

In its recent decision in Atlas (Brampton) Limited Partnership v. Canada Grace Park Ltd., 2021 ONCA 221, the Ontario Court of Appeal (ONCA) clarified the requirements for foreclosure on investment property under the Personal Property Security Act (Ontario) (the PPSA).

Cryptocurrency has been recognized as “property” for the purposes of the Bankruptcy and Insolvency Act by the Ontario Superior Court of Justice (Commercial List) in Re Quadriga Fintech Solutions Corp. et al.,^[1]the first Canadian case of its kind.

Karen McMaster, Ben Andrews and James Cameron, Milbank LLP

This is an extract from the 2020 edition of GRR's the Europe, Middle East and Africa Restructuring Review. The whole publication is available here.

In summary

Cristóbal Eyzaguirre B, Rodrigo Ochagavía R-T and Santiago Bravo S, Claro & Cia

This is an extract from the 2021 edition of GRR's The Americas Restructuring Review. The whole publication is available here.

In summary

DJ Miller, Thornton Grout Finnigan

This is an extract from the 2021 edition of GRR's The Americas Restructuring Review. The whole publication is available here.

In summary

This chapter highlights the flexible nature of Canada’s restructuring regime, where creative solutions to novel and complex issues are welcomed by the judiciary.

Discussion points

Luiz Fernando Valente de Paiva, Giuliano Colombo, Andre Marques, Carolina Kiyomi Iwamoto and Ana Beatriz Araujo Ribeiro do Valle, Pinheiro Neto Advogados

This is an extract from the 2021 edition of GRR's The Americas Restructuring Review. The whole publication is available here.

In summary

Adrián Thery, Borja García-Alamán, Juan Verdugo and Juan María Jiménez, Garrigues

This is an extract from the 2020 edition of GRR's the Europe, Middle East and Africa Restructuring Review. The whole publication is available here.

In summary