Court considers corporate insolvency provision in the context of a share redemption

This article has been contributed to the blog by Joshua Hurwitz and Waleed Malik.

Filed under:
Canada, British Columbia, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP, Share (finance), Shareholder, Articles of incorporation
Location:
Canada
Firm:
Weil Gotshal & Manges LLP
CCAA court reconsiders accepted claim under claims-bar order

Introduction

Filed under:
Canada, British Columbia, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP, Shareholder, Debtor, British Columbia Supreme Court
Location:
Canada
Firm:
Weil Gotshal & Manges LLP
Post-filing interest in a CCAA proceeding: Re Nortel Networks Corp.

In lengthy insolvency proceedings, interest accrued on existing claims during the “post-filing” period can represent a substantial portion of the debtor’s estate.

Filed under:
Canada, Ontario, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP, Interest, Companies' Creditors Arrangement Act 1933 (Canada)
Location:
Canada
Firm:
Weil Gotshal & Manges LLP
Walking a mile in the trustee’s shoes: how s. 38 of the BIA can allow creditors to revive dismissed claims

This article has been contributed to the blog by Patrick Riesterer and Mary Angela Rowe. Patrick Riesterer is an associate in the Insolvency and Restructuring group of Osler, Hoskin & Harcourt LLP and Mary Angela Rowe is an articling student at Osler, Hoskin & Harcourt LLP.

Filed under:
Canada, Ontario, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP
Location:
Canada
Firm:
Weil Gotshal & Manges LLP
Court clarifies Secured Creditor’s rights to pursue chose in action

This article has been contributed to the blog by Dave Rosenblat and Mary Angela Rowe.

Filed under:
Canada, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP, Tax Court of Canada
Location:
Canada
Firm:
Weil Gotshal & Manges LLP
CCAA court modifies a Claims Procedure Order and allows a stay to be lifted for a proposed class action claim to be pursued after the claims-bar date

This article has been contributed to the blog by Edward Sellers and Joshua Hurwitz. Edward Sellers is a partner in the Insolvency & Restructuring group and Joshua Hurwitz is an associate in the Insolvency & Restructuring group at Osler, Hoskin & Harcourt.

Filed under:
Canada, Ontario, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP, Class action
Location:
Canada
Firm:
Weil Gotshal & Manges LLP
You have a trust? Well, Iona secured interest: a summary of Iona Contractors Ltd. (Receiver of) v. Guarantee Co. of North America, 2014 ABQB 347

This article has been contributed to the blog by Caitlin Fell and Sean Stidwill. Caitlin Fell is an associate in the insolvency and restructuring group of Osler, Hoskin & Harcourt LLP and Sean Stidwill is a summer student at Osler, Hoskin & Harcourt LLP.

Filed under:
Canada, Alberta, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP, Bankruptcy and Insolvency Act 1985 (Canada)
Location:
Canada
Firm:
Weil Gotshal & Manges LLP
Comment period closes for Canadian government public consultation process on insolvency law reform

This article has been contributed to the blog by Patrick Riesterer. Patrick Riesterer is an associate in the insolvency and restructuring group of Osler, Hoskin & Harcourt LLP.

NORTH OF THE BORDER UPDATE

Filed under:
Canada, Insolvency & Restructuring, Weil Gotshal & Manges LLP, Public consultations
Location:
Canada
Firm:
Weil Gotshal & Manges LLP
Fairness opinions and plans of arrangement: a second look

This article has been contributed to the blog by David Rosenblat and Justine Erickson.

Filed under:
Canada, Ontario, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP
Location:
Canada
Firm:
Weil Gotshal & Manges LLP
We can bankrupt the company for sure, it’s insolvent – think again

This article has been contributed by Martin Desrosiers and Julien Morissette, partner and associate respectively, in the Insolvency & Restructuring Group of 

Filed under:
Canada, Ontario, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP, Bankruptcy, Bankruptcy and Insolvency Act 1985 (Canada)
Location:
Canada
Firm:
Weil Gotshal & Manges LLP