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Jurisprudence canadienne récente en matière d’insolvabilité : ce que les prêteurs doivent savoir

Jurisprudence canadienne récente en matière d’insolvabilité : ce que les prêteurs doivent savoir Linc Rogers, Caitlin McIntyre et Ilia Kravtsov L’issue d’un certain nombre de dossiers d’insolvabilité portés devant les tribunaux de diverses provinces du Canada en 2017 pourrait avoir une incidence importante sur les droits de réalisation et de recouvrement des prêteurs commerciaux dans le cadre de procédures de restructuration et d’insolvabilité.

Canada, Quebec, Insolvency & Restructuring, Litigation, Tax, Blake, Cassels & Graydon LLP, Secured creditor, Debtor in possession, Unsecured creditor, Bankruptcy and Insolvency Act 1985 (Canada), Civil Code of Quebec, Supreme Court of Canada, Federal Court of Appeal (Canada), Quebec Superior Court, Court of Appeal of Alberta, Quebec Court of Appeal
Recent Developments in Canadian Insolvency Case Law: What Lenders Need to Know

In 2017, a number of insolvency cases were litigated, in various provinces across Canada, which may materially affect the realization and recovery rights of commercial lenders in restructuring and insolvency proceedings. This article summarizes the core issue of importance to lenders in each of these cases and provides an update on their appeal status.

November 2, 2017 September 11, 2017

INTEGRITY OF COURT-ORDERED SALE PROCESS

Squestre de Gestion EGR inc. et Lemieux Nolet inc., syndics de faillite et gestionnaires

Canada, Quebec, Insolvency & Restructuring, Litigation, Tax, Blake, Cassels & Graydon LLP, Secured creditor, Debtor in possession, Unsecured creditor, Bankruptcy and Insolvency Act 1985 (Canada), Civil Code of Quebec, Supreme Court of Canada, Federal Court of Appeal (Canada), Quebec Superior Court, Court of Appeal of Alberta, Quebec Court of Appeal
Deemed trusts in the context of bankruptcy and insolvency

Grant Forest Products Inc. v. The Toronto-Dominion Bank, 2015 ONCA 570

Canada, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Blake, Cassels & Graydon LLP, Bankruptcy, Secured creditor
Circumstances in which the court may approve fees without the requirement for the appointment of a court reporter

Introduction

Against the backdrop of the recent sheriff court decisions regarding the need to appoint a Court Reporter even in cases where the assets are insufficient to meet the IPs' fees, the Court of Session has taken an innovative approach to approving IP fees without the need to appoint a court reporter.

Background

United Kingdom, Scotland, Insolvency & Restructuring, Litigation, Shepherd and Wedderburn LLP, Costs in English law, Security (finance), Interest, Accounting, Liquidation, Court costs, Secured creditor, Liquidator (law), Court of Session