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    "Appropriate Means" in the Discoverability Analysis: Timing is Everything
    2019-09-17

    On August 30, 2019, the Ontario Superior Court of Justice handed down its decision in Doyle Salewski Inc. v Scott 2019 ONSC 5108.

    Although this lengthy decision covers many topics, one of interest relates to the "appropriate means" part of the discoverability analysis when a Trustee in Bankruptcy brings a claim for unjust enrichment.

    Background

    Filed under:
    Canada, Ontario, Insolvency & Restructuring, Litigation, Borden Ladner Gervais LLP
    Authors:
    Christine Kucey
    Location:
    Canada
    Firm:
    Borden Ladner Gervais LLP
    Court Counsels Engagement with Creditor before Ruling on Proofs of Claim
    2019-09-17

    A Manitoba Court recently offered guidance on how to approach an appeal from a notice of disallowance or determination of a claim under section 135(4) of the Bankruptcy and Insolvency Act, RSC 1985, c B-3 (“BIA”). Existing jurisprudence provided conflicting positions on whether to treat such appeals as true appeals or a hearing de novo. True appeals generally restrict the evidentiary record before the court to the evidence that was before the trustee. In a de novo hearing, the appeal court considers fresh evidence as a matter of course.

    Filed under:
    Canada, Insolvency & Restructuring, Litigation, McMillan LLP, Debtor, Bankruptcy and Insolvency Act 1985 (Canada), Trustee
    Authors:
    Jeffrey Levine , Guneev Bhinder
    Location:
    Canada
    Firm:
    McMillan LLP
    Alberta Court of Appeal Clarifies Super-Priority of CCAA Charges
    2019-09-17

    In most restructuring proceedings, money is needed to fund the professionals and the management team retained to preserve value in the insolvent company. This money must often be borrowed, and is typically secured by "super-priority" charges granted by the Court. An issue that has recently been before the Alberta courts is whether these charges also rank ahead of other claims that also have priority according to federal legislation.

    Filed under:
    Canada, Alberta, Banking, Insolvency & Restructuring, Litigation, Bennett Jones LLP, Debtor
    Authors:
    Kelsey J. Meyer
    Location:
    Canada
    Firm:
    Bennett Jones LLP
    Insolvency Legislation Reforms to Take Effect November 2019
    2019-09-19

    On November 1, 2019, a number of amendments to the Bankruptcy and Insolvency Act (the “BIA”) and the Companies’ Creditors Arrangement Act (the “CCAA”) will come into force pursuant to the Canadian federal government’s budget implementation legislation for 2018 and 2019.

    Filed under:
    Canada, Insolvency & Restructuring, Litigation, Aird & Berlis LLP | Aird & McBurney LP, Companies' Creditors Arrangement Act 1933 (Canada), Bankruptcy and Insolvency Act 1985 (Canada)
    Authors:
    Ian Aversa
    Location:
    Canada
    Firm:
    Aird & Berlis LLP | Aird & McBurney LP
    Restructuring tools to minimize the risk of successful constructive dismissal claims
    2019-08-13

    One of the biggest concerns for employers reorganizing in response to operational requirements is the potential for constructive dismissal claims by employees impacted by the changes.

    A recent Ontario Superior Court of Justice decision reminds us that a finding of constructive dismissal by a court, does not always result in an award of damages.

    Filed under:
    Canada, Employment & Labor, Insolvency & Restructuring, Gowling WLG
    Authors:
    Mark Josselyn
    Location:
    Canada
    Firm:
    Gowling WLG
    Immigration implications of corporate acquisitions, restructurings and changes
    2019-08-15

    Companies and human resource managers need to be aware of the potential immigration implications that corporate changes, acquisitions or restructurings may have on temporary foreign workers (TFWs) that they employ in Canada. The immigration and work permit implications must be assessed before changes occur.

    Filed under:
    Canada, Immigration, Insolvency & Restructuring, Gowling WLG, Due diligence
    Authors:
    Bill MacGregor
    Location:
    Canada
    Firm:
    Gowling WLG
    Results of summary dismissal in PwC claim against perpetual over Sequoia Transaction
    2019-08-21

    Background:

    Filed under:
    Canada, Energy & Natural Resources, Insolvency & Restructuring, Litigation, Gowling WLG, PricewaterhouseCoopers
    Authors:
    Lorne Rollheiser , Jay Lalach , Adriana Da Silva Bellini
    Location:
    Canada
    Firm:
    Gowling WLG
    Out of Control: Yukon Court Lifts Stay in BC Proposal Proceedings of Mining Company
    2019-08-27

    In Yukon (Government of) v. Yukon Zinc Corporation, 2019 YKSC 39 (“Yukon Zinc”), the Yukon Supreme Court recently lifted a stay of proceedings imposed in proposal proceedings commenced in British Columbia by Yukon Zinc, a Vancouver-based mining company whose principal asset is the Wolverine Mine in Yukon.

    Filed under:
    Canada, British Columbia, Insolvency & Restructuring, Litigation, McCarthy Tétrault LLP, Debtor, Bankruptcy and Insolvency Act 1985 (Canada)
    Authors:
    Trevor A Courtis , Walker W. MacLeod
    Location:
    Canada
    Firm:
    McCarthy Tétrault LLP
    Implementation of the Federal Government’s Intellectual Property Strategy - Effects of Bankruptcy and Insolvency on IP Licenses
    2019-08-29

    The federal government’s budget implementation bill, Bill C-86[1], received Royal Assent on December 14, 2018. An aspect of the budget implementation bill is the amendment of various legislation, including the Patent Act, the Trademarks Act, as part of the government’s implementation of its intellectual property (“IP”) strategy.

    Filed under:
    Canada, Copyrights, Designs and trade secrets, Insolvency & Restructuring, Litigation, Patents, Trademarks, McCarthy Tétrault LLP, Royal Bank of Canada
    Authors:
    Vincent K.S. Yip , Benjamin Lai
    Location:
    Canada
    Firm:
    McCarthy Tétrault LLP
    The federal Bankruptcy and Insolvency Act governs applications for leave to sue where a receiver is appointed under both that legislation and the provincial Courts of Justice Act
    2019-06-18

    Administrative law – Judicial review – Appeals – Jurisdiction – Standard of review – Correctness

    Business Development Bank of Canada v. Astoria Organic Matters Ltd., [2019] O.J. No. 1742, 2019 ONCA 269, Ontario Court of Appeal, April 8, 2019, K.N. Feldman, D. Paciocco and B. Zarnett JJ.A.

    Filed under:
    Canada, Insolvency & Restructuring, Litigation, Harper Grey LLP
    Authors:
    Joel A. Morris
    Location:
    Canada
    Firm:
    Harper Grey LLP

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