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    Lion Electric tests the limits of Directors’ and Officers’ releases under the Companies’ Creditors Arrangement Act
    2025-12-15

    The collapse of The Lion Electric Company and its affiliates (Lion Electric) has attracted considerable attention as a sign of potential trouble in Québec’s manufacturing and electric vehicle sectors1.

    Filed under:
    Canada, Insolvency & Restructuring, Litigation, Torys LLP, Electric vehicle
    Authors:
    Julie Himo , Alec Angle , David Bish , Christopher Richter , John A. Fabello , Cristina Cosneanu
    Location:
    Canada
    Firm:
    Torys LLP
    New Rules For The Transfer Of Certain Mining Rights
    2025-12-09

    Under the Act to amend theMining Act and other provisions1 (the “Act”), assented to on November 29, 2024, certain amendments were made to the Mining Act.2

    In this bulletin, we will focus on the rules that have been in effect as of the Act’s date of assent concerning the assignment of a mining lease or a mining concession, and those that have been in effect since November 29, 2025, concerning the transfer of an exclusive exploration right (“EER”), formerly known as a claim.

    Filed under:
    Canada, Energy & Natural Resources, Insolvency & Restructuring, Lavery Lawyers
    Authors:
    René Branchaud , Carole Gélinas , Radia Amina Djouaher , Joëlle Montpetit
    Location:
    Canada
    Firm:
    Lavery Lawyers
    Restructuring the Canadian tobacco industry: a model for the future?
    <br>
    1969-12-31
    Filed under:
    Canada, Insolvency & Restructuring, Litigation, Osler Hoskin & Harcourt LLP, Mediation, Ontario Superior Court of Justice
    Authors:
    Deborah Glendinning , Craig Lockwood , Marc Wasserman , Martino F. Calvaruso , Marleigh Dick
    Firm:
    Osler Hoskin & Harcourt LLP
    Directors beware: Alberta Court of King’s Bench imposes personal liability for improper insider payments
    2025-12-02

    The Alberta Court of King’s Bench (the Court) has delivered an important decision in the insolvency proceedings of Wolverine Energy and Infrastructure Inc. (WEI), voiding insider payments and imposing personal liability on a former executive. The ruling highlights the significant risks associated with insider transactions during financial distress and clarifies how courts apply statutory remedies under the Bankruptcy and Insolvency Act (BIA), the Fraudulent Preferences Act (FPA), and the Statute of Elizabeth (SOE).

    Filed under:
    Canada, Alberta, Company & Commercial, Insolvency & Restructuring, Litigation, Torys LLP, Supreme Court of Canada
    Authors:
    Kyle Kashuba , Bilal Qureshi , Campbell Pickard
    Location:
    Canada
    Firm:
    Torys LLP
    Hudson’s Bay Company: Debtor Can’t be Deprived of a Right It Doesn’t Have (Yet)
    1969-12-31
    Filed under:
    Canada, Insolvency & Restructuring, Litigation, McMillan LLP, Supreme Court of Canada, Ontario Superior Court of Justice
    Authors:
    Adam C. Maerov , Jacob Stucken , Spencer Klug
    Firm:
    McMillan LLP
    No Stay for Security: Alberta Court Affirms Regulator's Public Duty in AlphaBow
    2025-12-02

    In the recent decision of AlphaBow Energy Ltd. (Re) (“AlphaBow”),[1] the Alberta Court of King’s Bench dismissed AlphaBow’s application to stay the Alberta Energy Regulator’s (“AER”) request for a security deposit for the duration of its restructuring proceedings.

    Background

    Filed under:
    Canada, Alberta, Insolvency & Restructuring, Litigation, Fasken, Mediation, Supreme Court of Canada
    Authors:
    Jessica Cameron , Tiffany Bennett , Mariah Kozyra
    Location:
    Canada
    Firm:
    Fasken
    Retail Therapy Denied: Court Dismisses Motion to Assign Hudson’s Bay Leases
    1969-12-31
    Filed under:
    Canada, Insolvency & Restructuring, Litigation, Fasken, Ontario Superior Court of Justice
    Authors:
    Jessica Cameron , Tiffany Bennett , Sabiha Meghji
    Firm:
    Fasken
    When and Should Liquidators Enter into a Settlement Agreement
    2025-10-03

    In Yeo (liquidator), in the matter of Tuftex Carpets Pty Ltd (in liquidation) [2025] FCA 1200 the liquidators sought approval from the court to enter into a settlement agreement. The claims underlying the settlement agreement were against the former director and parent company for insolvent trading and the resulting loss.

    Key Takeaways

    Filed under:
    Australia, Canada, Hong Kong, New Zealand, Singapore, United Kingdom, USA, England, Banking, Compliance Management, Insolvency & Restructuring, Litigation, Ironbridge Legal, Bankruptcy, Dispute resolution, Financial services, Insolvency, Corporations Act 2001 (Australia)
    Authors:
    Trevor Withane
    Location:
    Australia, Canada, Hong Kong, New Zealand, Singapore, United Kingdom, USA
    Firm:
    Ironbridge Legal
    Administrators Granted Relief from Personal Liability and Time Extended to Register
    2025-10-03

    In Re Resource Development Group Limited (Administrators Appointed) [2025] WASC 408, the Court granted relief to the voluntary administrators of Resource Development Group Ltd (RDG) from personal liability under a loan arrangement and extended time for the registration of a related security interest.  

    Key Takeaway

    Filed under:
    Australia, Canada, Hong Kong, New Zealand, Singapore, United Kingdom, USA, England, Banking, Compliance Management, Insolvency & Restructuring, Litigation, Ironbridge Legal, Bankruptcy, Dispute resolution, Financial services, Personal Property Securities Act 2009 (Australia)
    Authors:
    Trevor Withane
    Location:
    Australia, Canada, Hong Kong, New Zealand, Singapore, United Kingdom, USA
    Firm:
    Ironbridge Legal
    Administrator Appointment Confirmed Despite Procedural Irregularity
    2025-10-03

    In Re Bayview Health – Matilda Bay Pharmacy Pty Ltd; ex parte Smith & Jacobs [No 2] [2025] WASC 405, the Court held that a failure to provide the 14 days’ notice of a board meeting, required by a shareholder agreement, to appoint a voluntary administrator, was a procedural irregularity that could be cured.

    Key Takeaway

    Filed under:
    Australia, Canada, Hong Kong, New Zealand, Singapore, United Kingdom, USA, England, Banking, Company & Commercial, Compliance Management, Insolvency & Restructuring, Litigation, Ironbridge Legal, Bankruptcy, Dispute resolution, Financial services, Corporations Act 2001 (Australia)
    Authors:
    Trevor Withane
    Location:
    Australia, Canada, Hong Kong, New Zealand, Singapore, United Kingdom, USA
    Firm:
    Ironbridge Legal

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