In 2019, a number of judicial decisions were rendered across Canada, including by the Supreme Court of Canada (SCC), that will be of interest to commercial lenders and restructuring professionals. This article summarizes the core issues of importance in each of these cases.
Canada, Ontario, Insolvency & Restructuring, Litigation, Blake, Cassels & Graydon LLP, Royal Bank of Canada, Supreme Court of Canada
Justice R. Graesser of the Court of Queen’s Bench of Alberta (Court) recently released his decision in Royal Bank of Canada v.Reid-Built Homes Ltd. (Decision), where he held that the Court has the discretion, but not the obligation, to grant a super priority for receivers’ fees and disbursements ahead of the claims of secured creditors.
Canada, Alberta, Insolvency & Restructuring, Litigation, Blake, Cassels & Graydon LLP, Royal Bank of Canada, Bankruptcy and Insolvency Act 1985 (Canada)