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    Priority of Receivership Charges Over Construction Trusts - Ontario Court Maintains the Status Quo
    2019-07-17

    In an April 30, 2019 endorsement accompanying a receivership order made in the matter of Royal Bank of Canada and D.M. Robichaud Associates Ltd. (“D.M. Robichaud”), Justice Hainey of the Ontario Superior Court of Justice, Commercial List (the “Court”) held that the receiver’s charge and the receiver’s borrowings charge should have priority over deemed trusts under provincial construction legislation.1

    Filed under:
    Canada, Ontario, Insolvency & Restructuring, Litigation, Aird & Berlis LLP | Aird & McBurney LP, Debtor
    Authors:
    Sam Babe
    Location:
    Canada
    Firm:
    Aird & Berlis LLP | Aird & McBurney LP
    Supreme Court to Consider Enforceability of Consequences Imposed Upon Insolvency
    2019-07-19

    The Supreme Court of Canada recently granted leave to appeal from the Alberta Court of Appeal's decision in Capital Steel Inc v Chandos Construction Ltd, 2019 ABCA 32. The case addresses the enforceability of clauses that impose monetary consequences for breach of contract, particularly where those consequences are levied because of a contracting party's insolvency.

    Filed under:
    Canada, Alberta, Construction, Insolvency & Restructuring, Litigation, Bennett Jones LLP
    Location:
    Canada
    Firm:
    Bennett Jones LLP
    To vest or not to vest: interests in land and the powers of insolvency courts
    2019-07-24

    On June 19, 2019, the Ontario Court of Appeal released its decision in Third Eye Capital Corporation v. Ressources Dianor Inc./Dianor Resources Inc. [1], addressing the following issues:

    Filed under:
    Canada, Ontario, Capital Markets, Insolvency & Restructuring, Litigation, Gowling WLG
    Authors:
    Clifton P. Prophet , Haddon Murray
    Location:
    Canada
    Firm:
    Gowling WLG
    Blaney’s appeals: Ontario Court of Appeal Summaries (July 29 - August 2, 2019)
    2019-08-02

    Good evening.

    Following are this week’s summaries of the civil decisions of the Court of Appeal for Ontario.

    Filed under:
    Canada, Ontario, Company & Commercial, Insolvency & Restructuring, Insurance, Litigation, Blaney McMurtry LLP, Ford Motor Company
    Authors:
    John Polyzogopoulos
    Location:
    Canada
    Firm:
    Blaney McMurtry LLP
    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
    Alberta Court of Appeal overturns lower court decision in Reid-Built
    2019-06-07

    In a 2018 judgment discussed here, the Alberta Court of Queen’s Bench held that, by virtue of s.

    Filed under:
    Canada, Alberta, Insolvency & Restructuring, Litigation, McCarthy Tétrault LLP
    Authors:
    Walker W. MacLeod
    Location:
    Canada
    Firm:
    McCarthy Tétrault LLP

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