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    Fee adjustments in Canada revisited
    2015-01-26

    This article has been contributed to the blog by Mary Paterson, Dave Rosenblat and Waleed Malik.

    Filed under:
    Canada, Insolvency & Restructuring, Litigation, Weil Gotshal & Manges LLP
    Location:
    Canada
    Firm:
    Weil Gotshal & Manges LLP
    Canasea Petrogas Group Holdings Limited (Re): single judge may hear CCAA leave application
    2014-12-11

    In his November 20, 2014 decision in CanaSea PetroGas Group Holdings Limited (Re), Sharpe J.A. of the Ontario Court of Appeal did not accept the respondents’ submissions that he should decline to hear an application for leave to appeal a CCAA decision because only a three-judge panel should hear such an application.

    Filed under:
    Canada, Ontario, Insolvency & Restructuring, Litigation, Osler Hoskin & Harcourt LLP
    Authors:
    Mark A. Gelowitz
    Location:
    Canada
    Firm:
    Osler Hoskin & Harcourt LLP
    The evolution of fraudulent conveyance – Indcondo v. Sloan
    2014-12-12

    On July 31, 2014, the Honourable Mr. Justice Penny of the Ontario Superior Court of Justice ruled in favour of the plaintiff in Indcondo Building Corporation v. Sloan (S.C.J.).

    Filed under:
    Canada, Ontario, Insolvency & Restructuring, Litigation, Baker McKenzie
    Authors:
    Ahmed Shafey
    Location:
    Canada
    Firm:
    Baker McKenzie
    Court of Appeal for Ontario upholds reduction of legal fees in insolvency matter
    2014-12-17

    On December 1, 2014, the Court of Appeal for Ontario (the “Court of Appeal”) released its decision, written for the Court of Appeal by Madam Justice Pepall, in Bank of Nova Scotia v. Diemer, 2014 ONCA 851 (“Diemer”). The Court of Appeal dismissed the court-appointed receiver’s (the “Receiver”) appeal of the order of Justice Goodman, which, among other things, reduced the fees of counsel (“Counsel”) to the Receiver.

    Filed under:
    Canada, Insolvency & Restructuring, Litigation, Aird & Berlis LLP | Aird & McBurney LP, Court of Appeal of England & Wales
    Location:
    Canada
    Firm:
    Aird & Berlis LLP | Aird & McBurney LP
    Applications for leave to appeal dismissed- 18 December
    2014-12-18

    36114  Miazga v. The Queen  (Criminal law – Manslaughter)

    Filed under:
    Canada, Crime, Insolvency & Restructuring, Legal Practice, Litigation, Private Client & Offshore Services, Tax, Gowling WLG
    Authors:
    Matthew Estabrooks , D. Lynne Watt , Jeff Beedell , Guy Régimbald , Ed Van Bemmel , Graham S. Ragan , Brian A. Crane, K.C.
    Location:
    Canada
    Firm:
    Gowling WLG
    Void ab initio: the dangers of insufficient disclosure
    2014-12-22

    While it is common practice in Canada to seek certain emergency orders on an ex parte basis (i.e. where only one party (and not the adversary) appears before a judge), applicants for such orders are held to a high standard of candour with the court.

    Filed under:
    Canada, Company & Commercial, Insolvency & Restructuring, Litigation, Cassels Brock & Blackwell LLP, Ex parte
    Authors:
    Natalie E. Levine , Monique Sassi
    Location:
    Canada
    Firm:
    Cassels Brock & Blackwell LLP
    Constructive trust 1 vs. secured creditor 0
    2014-12-22

    Many secured creditors see their position in absolute terms. They rely on their general security and aggressively assert their priority over unsecured creditors, such as trade creditors. However, a recent decision of the Ontario Court of Appeal(306440 Ontario Ltd. v. 782127 Ontario Ltd. (Alrange Container Services), 2014 ONCA 548) demonstrates that creative arguments by trade creditors may allow them to take priority over even secured creditors in certain circumstances, by using trust principles to remove assets from the estate.

    Filed under:
    Canada, Ontario, Insolvency & Restructuring, Litigation, Cassels Brock & Blackwell LLP, Unsecured debt, Secured creditor, Constructive trust, Court of Appeal for Ontario
    Authors:
    John Birch
    Location:
    Canada
    Firm:
    Cassels Brock & Blackwell LLP
    Recognizing foreign proceedings under the Canadian Bankruptcy and Insolvency Act: Re MtGox Co
    2014-11-24

    This article has been contributed to the blog by Patrick Riesterer and Waleed Malik.

    Filed under:
    Canada, Insolvency & Restructuring, Internet & Social Media, Litigation, Weil Gotshal & Manges LLP, Bankruptcy and Insolvency Act 1985 (Canada)
    Location:
    Canada
    Firm:
    Weil Gotshal & Manges LLP
    Secured creditors can appeal to Tax Court on behalf of a bankrupt
    2014-12-02

    The Tax Court of Canada recently confirmed in International Hi-Tech Industries Inc v The Queen, 2014 TCC 198, that in certain circumstances a secured creditor can commence or continue a tax appeal on behalf of a bankrupt estate.

    Filed under:
    Canada, Insolvency & Restructuring, Litigation, Tax, Bennett Jones LLP, Bankruptcy, Tax Court of Canada
    Location:
    Canada
    Firm:
    Bennett Jones LLP
    Ontario Court of Appeal rejects theory of “common enterprise insolvency”
    2014-12-09

    This article has been contributed to the blog by Andrea Lockhart, an Associate in the Insolvency and Restructuring Group of Osler, Hoskin & Harcourt LLP, and Mary Angela Rowe, an Articling Stu

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

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