Several significant judicial decisions and legislative updates occurred in 2023 that are relevant to commercial lenders, businesses and restructuring professionals. This bulletin summarizes the key developments of 2023 and highlights areas of significance to be aware of in 2024.
1. Priority Scheme
In 2023, several cases and legislative updates raised important questions regarding the priority scheme in insolvency proceedings.
Environmental Priorities
Canada, Ontario, Capital Markets, Insolvency & Restructuring, Litigation, Blake, Cassels & Graydon LLP, Supreme Court of Canada, Ontario Superior Court of Justice, Court of Appeal of Alberta, British Columbia Supreme Court