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    La Cour d’appel décide que lorsqu’elle est une créancière ordinaire, l’Agence du revenu du Canada est soumise à l’application des articles 69.3 et 69.4 de la Loi sur la faillite et l’insolvabilité pour recouvrer sa créance établie par un avis de cotisation
    2015-02-19

    Un avis de cotisation de l’Agence du revenu du Canada (l’ARC) constitue une mesure de recouvrement prouvable au sens de l’article 69.3 de la Loi sur la faillite et l’insolvabilité (LFI). Lorsque l’ARC est un créancier non garanti, la réclamation est sujette à la suspension des procédures de l’article 69.3 LFI, et pour lever cette suspension, l’ARC doit se présenter devant le tribunal, tel que prévu par l’article 69.4 LFI.

    Filed under:
    Canada, Insolvency & Restructuring, Tax, Miller Thomson LLP
    Location:
    Canada
    Firm:
    Miller Thomson LLP
    Insolvency and environmental liabilities
    2015-02-19

    Recent decisions in the Ontario courts have brought this issue to the forefront, which is salient during this time of economic uncertainty for the oil industry and its related environmental obligations. The courts have had to focus on balancing competing public interests: those of creditors and the general health and safety of the public when a debtor has an outstanding obligation to remediate its pollution.

    Filed under:
    Canada, Ontario, Environment & Climate Change, Insolvency & Restructuring, Litigation, Borden Ladner Gervais LLP, Environmental remediation, Debtor, Liability (financial accounting)
    Location:
    Canada
    Firm:
    Borden Ladner Gervais LLP
    Un syndic de faillite invoque avec succès le droit de rétention prévu au Code civil du Québec
    2015-02-19

    Antérieurement à sa faillite, la débitrice agissait à titre d’entreprise fournissant des services de « warehousing, receiving and shipping (pick and pack) ».

    Après la faillite de l’entreprise survenue le 9 janvier 2014, l’un de ses anciens clients a réclamé du syndic la remise de ses inventaires.

    Filed under:
    Canada, Quebec, Insolvency & Restructuring, Litigation, Miller Thomson LLP, Civil Code of Quebec
    Location:
    Canada
    Firm:
    Miller Thomson LLP
    La Cour supérieure autorise et accorde dans le cadre d’une requête en faillite une demande de sauvegarde afin de suspendre les effets d’une clause de non-concurrence et de non-sollicitation contenue dans un contrat de vente de clientèle
    2015-02-19

    Un torréfacteur manufacturier de café veut pétitionner en faillite son distributeur dans la région de l’Estrie. Cette procédure de faillite est assortie d’une demande pour ordonnance de sauvegarde afin que le tribunal prononce l’annulation de clauses de non-concurrence et de non-sollicitation.

    Filed under:
    Canada, Quebec, Insolvency & Restructuring, Litigation, Miller Thomson LLP
    Location:
    Canada
    Firm:
    Miller Thomson LLP
    Une requête en homologation d’une proposition concordataire est contestée et rejetée par le tribunal, puisque n’étant pas à l’avantage des créanciers
    2015-02-19

    La Cour supérieure du district de Québec est saisie d’une requête en homologation d’une proposition aux termes de l’article 58 de la Loi sur la faillite et l’insolvabilité (la « LFI »). Le tribunal précise que son rôle n’est pas de modifier le contenu du concordat qui a déjà été accepté par les créanciers mais qu’il ne peut que l’approuver ou le rejeter.

    Filed under:
    Canada, Quebec, Insolvency & Restructuring, Litigation, Miller Thomson LLP
    Location:
    Canada
    Firm:
    Miller Thomson LLP
    Doing Business in Canada: A Legal Overview
    2015-01-31

    DOING BUSINESS IN CANADA: A LEGAL OVERVIEW 1 INTRODUCTION 2 A SNAPSHOT OF CANADA 3 FOREIGN INVESTMENT IN CANADA 4 BUSINESS STRUCTURES 5 SECURITIES 6 REAL ESTATE 7 INCOME AND SALES TAXES 8 IMMIGRATION 9 LABOUR AND EMPLOYMENT 10 INTELLECTUAL PROPERTY 11 PRIVACY 11 CIVIL/COMMERCIAL LITIGATION 11 ALTERNATIVE DISPUTE RESOLUTION 12 INSOLVENCY AND RESTRUCTURING DOING BUSINESS IN CANADA: A LEGAL OVERVIEW TABLE OF CONTENTS © TORKIN MANES LLP 2012INTRODUCTION DOING BUSINESS IN CANADA: A LEGAL OVERVIEW 1 Canada has always been a great place for non-Canadians to do business.

    Filed under:
    Canada, Arbitration & ADR, Capital Markets, Company & Commercial, Corporate Finance/M&A, Employment & Labor, Immigration, Insolvency & Restructuring, Intellectual Property, IT & Data Protection, Litigation, Real Estate, Tax, Torkin Manes LLP
    Location:
    Canada
    Firm:
    Torkin Manes LLP
    Missing the Target: understanding mass terminations and CCAA protection
    2015-02-04

    Over the last few weeks, the news has been dominated by stories of struggling businesses, including Target Canada Co. (“Target Canada”) and the impending mass termination of its employees. Many of these reports have focused on the (subjectively) small“severance packages” these employees are expected to receive.

    Filed under:
    Canada, Ontario, Employment & Labor, Insolvency & Restructuring, Rubin Thomlinson LLP
    Location:
    Canada
    Firm:
    Rubin Thomlinson LLP
    Indalex two years later: underfunded pension liabilities in the financing context
    2014-12-23

    It’s been almost two years since the Supreme Court of Canada (SCC) decision in Indalex Ltd., Re.1 Currently, Canada’s lower courts are being challenged to interpret the decision in a variety of different contexts. The purpose of this article is to review the Indalex decision within the broader context of pre- and post-Indalex case law and to briefly comment on its impact in the lending marketplace. 

    Filed under:
    Canada, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Gowling WLG, Defined benefit pension plan, Supreme Court of Canada
    Authors:
    James J. Shanks
    Location:
    Canada
    Firm:
    Gowling WLG
    Canadian and U.K. creditor protection in the mining context
    2014-12-23

    It is no secret that the mining sector is facing tough times. In recent boom years, mining companies took on unprecedented amounts of debt. Now that commodity prices have dropped and sources of refinancing have dried up, debt obligations have become overwhelming for many companies, posing a serious risk to their survival.

    Canada

    Filed under:
    Canada, United Kingdom, Energy & Natural Resources, Insolvency & Restructuring, Gowling WLG, Debt
    Authors:
    Catherine Graham , Jonathan B. Ross , Sam Fenwick
    Location:
    Canada, United Kingdom
    Firm:
    Gowling WLG
    Rare substantive consolidation order issued by Ontario court
    2015-01-05

    This article has been contributed by Julien Morissette, associate in the Insolvency & Restructuring and Litigation groups of Osler, Hoskin & Harcourt LLP.

    Filed under:
    Canada, Ontario, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP
    Location:
    Canada
    Firm:
    Weil Gotshal & Manges LLP

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